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REGISTERED NUMBER: 09464061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Crosby Decorators Limited

Crosby Decorators Limited (Registered number: 09464061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Crosby Decorators Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr P A Crosby





SECRETARY: Mrs J L Crosby





REGISTERED OFFICE: 26 Broome Way
Huntington
York
YO32 9RL





REGISTERED NUMBER: 09464061 (England and Wales)





ACCOUNTANTS: Parker Hartley & Co
Incorporated Financial Accountants
2 Waverley Street
The Groves
York
YO31 7QZ

Crosby Decorators Limited (Registered number: 09464061)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,400 25,350
Tangible assets 5 13,437 17,467
36,837 42,817

CURRENT ASSETS
Stocks 6 1,495 1,615
Debtors 7 246,022 219,829
Cash at bank 153,351 169,596
400,868 391,040
CREDITORS
Amounts falling due within one year 8 94,678 101,934
NET CURRENT ASSETS 306,190 289,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,027

331,923

PROVISIONS FOR LIABILITIES 2,553 -
NET ASSETS 340,474 331,923

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 340,470 331,919
SHAREHOLDERS' FUNDS 340,474 331,923

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Mr P A Crosby - Director


Crosby Decorators Limited (Registered number: 09464061)

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

1. STATUTORY INFORMATION

Crosby Decorators 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 39,000
AMORTISATION
At 1 April 2022 13,650
Amortisation for year 1,950
At 31 March 2023 15,600
NET BOOK VALUE
At 31 March 2023 23,400
At 31 March 2022 25,350

Crosby Decorators Limited (Registered number: 09464061)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 4,427 3,820 44,200 1,620 54,067
DEPRECIATION
At 1 April 2022 3,007 2,595 30,098 900 36,600
Charge for year 213 184 3,525 108 4,030
At 31 March 2023 3,220 2,779 33,623 1,008 40,630
NET BOOK VALUE
At 31 March 2023 1,207 1,041 10,577 612 13,437
At 31 March 2022 1,420 1,225 14,102 720 17,467

6. STOCKS
31/3/23 31/3/22
£    £   
Stocks 1,495 1,615

7. DEBTORS
31/3/23 31/3/22
£    £   
Amounts falling due within one year:
Trade debtors 88,912 68,720
VAT 1,949 1,109
Prepayments 161 -
91,022 69,829

Amounts falling due after more than one year:
Inter Company Loan 155,000 150,000

Aggregate amounts 246,022 219,829

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 13,111 21,826
Corporation Tax 8,499 17,542
Social security and other taxes 4,502 4,964
Other creditors 9,335 -
Directors' loan accounts 56,411 52,898
Accrued expenses 2,820 4,704
94,678 101,934

9. INTER COMPANY LOAN

There is an inter company loan in the amount of £155,000 (2022 £150,000) owed to Crosby Decorators Ltd from Paul Crosby Property Ltd.
Mr P Crosby is a director and shareholder in both companies.