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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
Page
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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
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Cross Embroidery Limited Statement of financial position as at 31 December 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
57,306 
Current assets
Inventories
33,000 
Debtors
26,044 
Cash at bank and in hand
106,256 
165,300 
Creditors: amounts falling due within one year
(146,810)
Net current assets
18,490 
Net assets
75,796 
Capital and reserves
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
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Cross Embroidery Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
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 
Depreciation
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 
Net book value
At 31 December 2022
41,136 
14,414 
1,756 
57,306 
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Cross Embroidery Limited Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
£ 
Amounts falling due within one year
Trade debtors
26,044 
6
Creditors: amounts falling due within one year
2022 
£ 
Bank loans and overdrafts
24,798 
VAT
14,358 
Obligations under finance leases and hire purchase contracts
11,667 
Trade creditors
36,767 
Taxes and social security
10,801 
Other creditors
6,970 
Loans from directors
40,449 
Accruals
1,000 
146,810 
7
Share capital
2022 
£ 
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.
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