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REGISTERED NUMBER: 07563128 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

Cross Digital Agency Limited

Cross Digital Agency Limited (Registered number: 07563128)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Cross Digital Agency Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr B Kamah





REGISTERED OFFICE: 144-146 King'S Cross Road
London
WC1X 9DU





REGISTERED NUMBER: 07563128 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Chartered Accountants & Statutory Auditors
144-146 Kings Cross Road
London
WC1X 9DU

Cross Digital Agency Limited (Registered number: 07563128)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,319 12,013

CURRENT ASSETS
Debtors 5 33,977 20,447
Cash at bank 297,200 284,476
331,177 304,923
CREDITORS
Amounts falling due within one year 6 49,143 20,060
NET CURRENT ASSETS 282,034 284,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,353

296,876

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 294,253 296,776
9 294,353 296,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 14 September 2023 and were signed by:





Mr B Kamah - Director


Cross Digital Agency Limited (Registered number: 07563128)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cross Digital Agency 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cross Digital Agency Limited (Registered number: 07563128)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 19,170 22,927 42,097
Additions - 6,465 6,465
At 31 March 2023 19,170 29,392 48,562
DEPRECIATION
At 1 April 2022 10,650 19,434 30,084
Charge for year 2,840 3,319 6,159
At 31 March 2023 13,490 22,753 36,243
NET BOOK VALUE
At 31 March 2023 5,680 6,639 12,319
At 31 March 2022 8,520 3,493 12,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,977 20,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 27,703 3,976
Tax 8,721 7,965
Social security and other taxes 1,217 142
VAT 10,292 6,792
Directors' current accounts 1,052 1,052
Accruals and deferred income 158 133
49,143 20,060

7. RESERVES
Retained
earnings
£   

At 1 April 2022 296,776
Profit for the year 37,477
Dividends (40,000 )
At 31 March 2023 294,253

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES



Cross Digital Agency Limited (Registered number: 07563128)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RECONCILIATION OF MOVEMENTS IN RESERVES
31.3.23 31.3.22
£    £   
Profit for the financial year 37,477 30,399
Dividends (40,000 ) (49,800 )
(2,523 ) (19,401 )
Opening balance - 316,277
Net (reduction)/addition to reserves (2,523 ) 296,876
Opening reserves 296,876 -
Closing reserves 294,353 296,876