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Company Registration No. 02865149 (England and Wales)
Smart Crosby International Ltd. Unaudited accounts for the year ended 31 October 2023
Smart Crosby International Ltd. Unaudited accounts Contents
Page
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Smart Crosby International Ltd. Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,178 
113,198 
Current assets
Debtors
237,227 
237,285 
Cash at bank and in hand
290,520 
404,953 
527,747 
642,238 
Creditors: amounts falling due within one year
(158,407)
(146,826)
Net current assets
369,340 
495,412 
Total assets less current liabilities
462,518 
608,610 
Creditors: amounts falling due after more than one year
(46,460)
(54,140)
Provisions for liabilities
Deferred tax
(20,500)
(28,090)
Net assets
395,558 
526,380 
Capital and reserves
Called up share capital
25 
25 
Capital redemption reserve
75 
75 
Profit and loss account
395,458 
526,280 
Shareholders' funds
395,558 
526,380 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by
JL Dunthorne Director Company Registration No. 02865149
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Smart Crosby International Ltd. Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Smart Crosby International Ltd. is a private company, limited by shares, registered in England and Wales, registration number 02865149. The registered office is 3 Grosvenor House, Melton Road, Oakham, Rutland, LE15 6AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%/20% on reducing balance basis
Motor vehicles
15% on reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Smart Crosby International Ltd. Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
179,480 
Additions
5,562 
At 31 October 2023
185,042 
Depreciation
At 1 November 2022
66,282 
Charge for the year
25,582 
At 31 October 2023
91,864 
Net book value
At 31 October 2023
93,178 
At 31 October 2022
113,198 
5
Average number of employees
During the year the average number of employees was 19 (2022: 19).
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