1 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 8902240 2022-04-01 2023-03-31 8902240 2023-03-31 8902240 2022-03-31 8902240 2021-04-01 2022-03-31 8902240 2022-03-31 8902240 core:PlantMachinery 2022-04-01 2023-03-31 8902240 core:MotorVehicles 2022-04-01 2023-03-31 8902240 bus:Director1 2022-04-01 2023-03-31 8902240 core:PlantMachinery 2022-03-31 8902240 core:PlantMachinery 2023-03-31 8902240 core:MotorVehicles 2023-03-31 8902240 core:WithinOneYear 2023-03-31 8902240 core:WithinOneYear 2022-03-31 8902240 core:AfterOneYear 2023-03-31 8902240 core:ShareCapital 2023-03-31 8902240 core:ShareCapital 2022-03-31 8902240 core:RetainedEarningsAccumulatedLosses 2023-03-31 8902240 core:RetainedEarningsAccumulatedLosses 2022-03-31 8902240 core:PlantMachinery 2022-03-31 8902240 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-03-31 8902240 bus:Director1 2022-03-31 8902240 bus:Director1 2023-03-31 8902240 bus:Director1 2021-03-31 8902240 bus:Director1 2022-03-31 8902240 bus:Director1 2021-04-01 2022-03-31 8902240 bus:SmallEntities 2022-04-01 2023-03-31 8902240 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 8902240 bus:FullAccounts 2022-04-01 2023-03-31 8902240 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 8902240 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Company registration number: 8902240
Steve Cross Dot Biz Limited
Unaudited filleted financial statements
31 March 2023
Steve Cross Dot Biz Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 32,264 9,658
_______ _______
32,264 9,658
Current assets
Debtors 9,413 33,191
Cash at bank 10,095 6,226
_______ _______
19,508 39,417
Creditors: amounts falling due
within one year ( 11,684) ( 10,159)
_______ _______
Net current assets 7,824 29,258
_______ _______
Total assets less current liabilities 40,088 38,916
Creditors: amounts falling due
after more than one year 6 ( 19,009) -
Provisions for liabilities ( 6,130) ( 1,807)
_______ _______
Net assets 14,949 37,109
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 14,939 37,099
_______ _______
Shareholders funds 14,949 37,109
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 October 2023 , and are signed on behalf of the board by:
Mr S D Cross
Director
Company registration number: 8902240
Steve Cross Dot Biz Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lewis House, Great Chesterford Court, Great Chesterford, Saffron Walden, Essex, CB10 1PF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Hire purchase and finance leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2022 24,328 - 24,328
Additions 6,479 28,188 34,667
Disposals ( 7,993) - ( 7,993)
_______ _______ _______
At 31 March 2023 22,814 28,188 51,002
_______ _______ _______
Depreciation
At 1 April 2022 14,670 - 14,670
Charge for the year 2,783 7,047 9,830
Disposals ( 5,762) - ( 5,762)
_______ _______ _______
At 31 March 2023 11,691 7,047 18,738
_______ _______ _______
Carrying amount
At 31 March 2023 11,123 21,141 32,264
_______ _______ _______
At 31 March 2022 9,658 - 9,658
_______ _______ _______
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31 March 2023 21,141
_______
At 31 March 2022 -
_______
6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 19,009 -
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr S D Cross 26,786 18,800 ( 40,635) 4,951
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr S D Cross 20,816 27,030 ( 21,060) 26,786
_______ _______ _______ _______
The loan is unsecured, interest charged at 3.30% and repayable on demand.