IRIS Accounts Production v23.2.0.158 11603986 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116039862022-05-31116039862023-05-31116039862022-06-012023-05-31116039862021-05-31116039862021-06-012022-05-31116039862022-05-3111603986ns10:Originalns15:EnglandWales2022-06-012023-05-3111603986ns14:PoundSterlingns10:Original2022-06-012023-05-3111603986ns10:Originalns10:Director12022-06-012023-05-3111603986ns10:Original2022-06-012023-05-3111603986ns10:Original2023-05-3111603986ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111603986ns10:Originalns10:SmallEntities2022-06-012023-05-3111603986ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111603986ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111603986ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111603986ns10:Originalns10:FullAccounts2022-06-012023-05-3111603986ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111603986ns10:Original2022-05-3111603986ns10:Originalns5:CurrentFinancialInstruments2023-05-3111603986ns10:Originalns5:CurrentFinancialInstruments2022-05-3111603986ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111603986ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111603986ns5:ShareCapitalns10:Original2023-05-3111603986ns5:ShareCapitalns10:Original2022-05-3111603986ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111603986ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111603986ns10:Originalns5:PlantMachinery2022-06-012023-05-3111603986ns10:Original2021-06-012022-05-3111603986ns10:Originalns5:PlantMachinery2022-05-3111603986ns10:Originalns5:PlantMachinery2023-05-3111603986ns10:Originalns5:PlantMachinery2022-05-3111603986ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111603986ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 11603986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CROSSHANDS RETAIL LTD

CROSSHANDS RETAIL LTD (REGISTERED NUMBER: 11603986)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROSSHANDS RETAIL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: A W P Duckett





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 11603986 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

CROSSHANDS RETAIL LTD (REGISTERED NUMBER: 11603986)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,388 4,521

CURRENT ASSETS
Stocks 33,060 32,209
Debtors 5 107,684 108,936
Cash at bank and in hand 46,704 36,876
187,448 178,021
CREDITORS
Amounts falling due within one year 6 146,747 111,905
NET CURRENT ASSETS 40,701 66,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,089

70,637

CREDITORS
Amounts falling due after more than one
year

7

20,833

31,667
NET ASSETS 23,256 38,970

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,156 38,870
23,256 38,970

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

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

The director acknowledges his 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.

CROSSHANDS RETAIL LTD (REGISTERED NUMBER: 11603986)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





A W P Duckett - Director


CROSSHANDS RETAIL LTD (REGISTERED NUMBER: 11603986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Crosshands Retail Ltd 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 - 33% on cost and 25% on cost

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 Income Statement, 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.

CROSSHANDS RETAIL LTD (REGISTERED NUMBER: 11603986)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 8,657
Additions 1,207
At 31 May 2023 9,864
DEPRECIATION
At 1 June 2022 4,136
Charge for year 2,340
At 31 May 2023 6,476
NET BOOK VALUE
At 31 May 2023 3,388
At 31 May 2022 4,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 77,670 86,853
Other debtors 30,014 22,083
107,684 108,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,167
Trade creditors 109,956 73,358
Taxation and social security 16,582 18,959
Other creditors 10,209 10,421
146,747 111,905

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,833 31,667

8. RELATED PARTY DISCLOSURES

Included in Other Creditors is a Loan from the Director of £496 (2022 £499).