1 July 2022 v2023.30.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP070112672022-07-012023-06-30070112672023-06-30070112672022-06-3007011267core:WithinOneYear2023-06-3007011267core:WithinOneYear2022-06-3007011267core:ShareCapital2023-06-3007011267core:ShareCapital2022-06-3007011267core:RetainedEarningsAccumulatedLosses2023-06-3007011267core:RetainedEarningsAccumulatedLosses2022-06-3007011267bus:Director12022-07-012023-06-3007011267bus:RegisteredOffice2022-07-012023-06-3007011267core:OfficeEquipment2022-07-012023-06-30070112672021-07-012022-06-3007011267core:PlantMachinery2023-06-3007011267core:PlantMachinery2022-07-0107011267core:PlantMachinery2022-07-012023-06-3007011267core:PlantMachinery2022-06-300701126712022-07-012023-06-3007011267countries:EnglandWales2022-07-012023-06-3007011267bus:AuditExemptWithAccountantsReport2022-07-012023-06-3007011267bus:PrivateLimitedCompanyLtd2022-07-012023-06-3007011267bus:SmallEntities2022-07-012023-06-3007011267bus:FullAccounts2022-07-012023-06-30
Company registration number:
07011267
Crossley Projects Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2023
Crossley Projects Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Crossley Projects Ltd
Year ended
30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Crossley Projects Ltd
for the year ended
30 June 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Crossley Projects Ltd
, as a body, in accordance with the terms of our engagement letter dated 22 August 2022. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Crossley Projects Ltd
and state those matters that we have agreed to state to the Board of Directors of
Crossley Projects Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Crossley Projects Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Crossley Projects Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Crossley Projects Ltd
. You consider that
Crossley Projects Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Crossley Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
28 September 2023
Crossley Projects Ltd
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Tangible assets 5 -  
239
 
Current assets    
Debtors 6
36,213
 
26,164
 
Cash at bank and in hand
43,046
 
37,643
 
79,259
 
63,807
 
Creditors: amounts falling due within one year 7
(25,487
)
(27,447
)
Net current assets
53,772
 
36,360
 
Total assets less current liabilities 53,772   36,599  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
53,771
 
36,598
 
Shareholders funds
53,772
 
36,599
 
For the year ending
30 June 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
28 September 2023
, and are signed on behalf of the board by:
R Crossley
Director
Company registration number:
07011267
Crossley Projects Ltd
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House
,
117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.

Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liability and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of it financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2022
and
30 June 2023
1,555
 
Depreciation  
At
1 July 2022
1,316
 
Charge
239
 
At
30 June 2023
1,555
 
Carrying amount  
At
30 June 2023
-  
At 30 June 2022
239
 

6 Debtors

20232022
££
Trade debtors -  
756
 
Other debtors
36,213
 
25,408
 
36,213
 
26,164
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
24,187
 
26,147
 
Other creditors
1,300
 
1,300
 
25,487
 
27,447
 

8 Director's advances, credit and guarantees

At the Balance Sheet there was a balance on the Director's Loan account of £25408, which was repaid within nine months