Company Registration No. 04371084 (England and Wales)
Cross Embroidery Limited
Unaudited accounts
for the year ended 31 December 2022
Cross Embroidery Limited
Unaudited accounts
Contents
Cross Embroidery Limited
Company Information
for the year ended 31 December 2022
Directors
S Davies
E Davies
Company Number
04371084 (England and Wales)
Registered Office
UNITS 5 & 6
LOWER CHERWELL STREET
BANBURY
OXFORDSHIRE
OX16 5AY
Accountants
LRS Global Ltd
Richmond
North Yorkshire
Cross Embroidery Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
106,256
Creditors: amounts falling due within one year
(146,810)
Called up share capital
100
Profit and loss account
75,696
Shareholders' funds
75,796
For the year ending 31 December 2022 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 21 September 2023 and were signed on its behalf by
S Davies
Director
Company Registration No. 04371084
Cross Embroidery Limited
Notes to the Accounts
for the year ended 31 December 2022
Cross Embroidery Limited is a private company, limited by shares, registered in England and Wales, registration number 04371084. The registered office is UNITS 5 & 6, LOWER CHERWELL STREET, BANBURY, OXFORDSHIRE, OX16 5AY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
186,697
2,289
2,553
191,539
Additions
-
16,000
888
16,888
At 31 December 2022
186,697
18,289
3,441
208,427
At 1 January 2022
145,561
711
1,246
147,518
Charge for the year
-
3,164
439
3,603
At 31 December 2022
145,561
3,875
1,685
151,121
At 31 December 2022
41,136
14,414
1,756
57,306
Cross Embroidery Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
Bank loans and overdrafts
24,798
Obligations under finance leases and hire purchase contracts
11,667
Taxes and social security
10,801
Loans from directors
40,449
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
8
Average number of employees
During the year the average number of employees was 0.