IRIS Accounts Production v23.2.0.158 06130633 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061306332022-03-31061306332023-03-31061306332022-04-012023-03-31061306332021-03-31061306332021-04-012022-03-31061306332022-03-3106130633ns16:EnglandWales2022-04-012023-03-3106130633ns15:PoundSterling2022-04-012023-03-3106130633ns11:Director12022-04-012023-03-3106130633ns11:Director22022-04-012023-03-3106130633ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106130633ns11:SmallEntities2022-04-012023-03-3106130633ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106130633ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106130633ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106130633ns11:FullAccounts2022-04-012023-03-3106130633ns11:RegisteredOffice2022-04-012023-03-3106130633ns6:CurrentFinancialInstruments2023-03-3106130633ns6:CurrentFinancialInstruments2022-03-3106130633ns6:ShareCapital2023-03-3106130633ns6:ShareCapital2022-03-3106130633ns6:RetainedEarningsAccumulatedLosses2023-03-3106130633ns6:RetainedEarningsAccumulatedLosses2022-03-3106130633ns6:PlantMachinery2022-04-012023-03-3106130633ns6:PlantMachinery2022-03-3106130633ns6:PlantMachinery2023-03-3106130633ns6:PlantMachinery2022-03-3106130633ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106130633ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CROSBIES LIMITED

CROSBIES LIMITED (REGISTERED NUMBER: 06130633)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROSBIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: C J Crosbie
Mrs C M Crosbie





REGISTERED OFFICE: Unit 3 Coopers Place Business Park
Combe Lane, Wormley
Godalming
Surrey
GU8 5TG





REGISTERED NUMBER: 06130633 (England and Wales)





ACCOUNTANTS: Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

CROSBIES LIMITED (REGISTERED NUMBER: 06130633)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,787 29,208

CURRENT ASSETS
Stocks 4,500 4,000
Debtors 5 88,347 94,556
Cash at bank and in hand 103,063 89,377
195,910 187,933
CREDITORS
Amounts falling due within one year 6 54,093 54,079
NET CURRENT ASSETS 141,817 133,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,604

163,062

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,504 162,962
SHAREHOLDERS' FUNDS 166,604 163,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CROSBIES LIMITED (REGISTERED NUMBER: 06130633)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2023 and were signed on its behalf by:




C J Crosbie - Director



Mrs C M Crosbie - Director


CROSBIES LIMITED (REGISTERED NUMBER: 06130633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Crosbies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CROSBIES LIMITED (REGISTERED NUMBER: 06130633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 102,773
DEPRECIATION
At 1st April 2022 73,565
Charge for year 4,421
At 31st March 2023 77,986
NET BOOK VALUE
At 31st March 2023 24,787
At 31st March 2022 29,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 78,270 84,668
Other debtors 10,077 9,888
88,347 94,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,559 16,817
Taxation and social security 21,901 24,685
Other creditors 10,633 12,577
54,093 54,079