Company Registration No. 05510663 (England and Wales)
B W Cutters Limited
Unaudited accounts
for the year ended 31 March 2021
B W Cutters Limited
Statement of financial position
as at
31 March 2021
Investment property
750,000
750,000
Investments
100,090
100,090
Creditors: amounts falling due within one year
(50,000)
(50,000)
Net current assets
303,330
334,530
Net assets
1,153,420
1,184,620
Called up share capital
100
100
Profit and loss account
1,153,320
1,184,520
Shareholders' funds
1,153,420
1,184,620
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2021 and were signed on its behalf by
L White
Director
Company Registration No. 05510663
B W Cutters Limited
Notes to the Accounts
for the year ended 31 March 2021
B W Cutters Limited is a private company, limited by shares, registered in England and Wales, registration number 05510663. The registered office is Unit 8, The Street Industrial Estate, Maldon, Essex, CM9 4XB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2019
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2021
Fair value at 1 April 2020
750,000
5
Investments
Subsidiary undertakings
Valuation at 1 April 2020
100,090
Valuation at 31 March 2021
100,090
Blackman & White Ltd 100% £90
Blackman & White Cutting Solutions Ltd 100% £100,000
6
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
353,330
384,530
7
Creditors: amounts falling due within one year
2021
2020
B W Cutters Limited
Notes to the Accounts
for the year ended 31 March 2021
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).