Cross And McCarthy Limited 01209529 true 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is property maintenance Digita Accounts Production Advanced 6.30.9574.0 true true 01209529 2022-12-01 2023-11-30 01209529 2023-11-30 01209529 bus:OrdinaryShareClass1 2023-11-30 01209529 core:CurrentFinancialInstruments 2023-11-30 01209529 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 01209529 core:FurnitureFittingsToolsEquipment 2023-11-30 01209529 core:MotorVehicles 2023-11-30 01209529 core:OtherPropertyPlantEquipment 2023-11-30 01209529 bus:SmallEntities 2022-12-01 2023-11-30 01209529 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 01209529 bus:AbridgedAccounts 2022-12-01 2023-11-30 01209529 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 01209529 bus:RegisteredOffice 2022-12-01 2023-11-30 01209529 bus:Director2 2022-12-01 2023-11-30 01209529 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 01209529 bus:EntityNoLongerTradingButTradedInPast 2022-12-01 2023-11-30 01209529 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01209529 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 01209529 core:MotorVehicles 2022-12-01 2023-11-30 01209529 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 01209529 core:PlantMachinery 2022-12-01 2023-11-30 01209529 countries:UnitedKingdom 2022-12-01 2023-11-30 01209529 2022-11-30 01209529 core:FurnitureFittingsToolsEquipment 2022-11-30 01209529 core:MotorVehicles 2022-11-30 01209529 core:OtherPropertyPlantEquipment 2022-11-30 01209529 2021-12-01 2022-11-30 01209529 2022-11-30 01209529 bus:OrdinaryShareClass1 2022-11-30 01209529 core:CurrentFinancialInstruments 2022-11-30 01209529 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 01209529 core:FurnitureFittingsToolsEquipment 2022-11-30 01209529 core:MotorVehicles 2022-11-30 01209529 core:OtherPropertyPlantEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01209529

Cross And McCarthy Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2023

 

Cross And McCarthy Limited

(Registration number: 01209529)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

926

1,234

Current assets

 

Debtors

6

8,834

19,868

Cash at bank and in hand

 

-

22,644

 

8,834

42,512

Creditors: Amounts falling due within one year

(341)

(2,413)

Net current assets

 

8,493

40,099

Total assets less current liabilities

 

9,419

41,333

Accruals and deferred income

 

(600)

(1,150)

Net assets

 

8,819

40,183

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

8,719

40,083

Shareholders' funds

 

8,819

40,183

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 August 2024
 

 

Cross And McCarthy Limited

(Registration number: 01209529)
Abridged Balance Sheet as at 30 November 2023

.........................................
Mr John McCarthy
Director

 

Cross And McCarthy Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Little Mead
Hollingdon
Buckinghamshire
LU7 0DN
England

The principal place of business is:
Nordwic
Parkfield Street
Rowhedge
Colchester
CO5 7EL

These financial statements were authorised for issue by the director on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cross And McCarthy Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Cross And McCarthy Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

308

411

 

Cross And McCarthy Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

503

3,740

1,149

5,392

At 30 November 2023

503

3,740

1,149

5,392

Depreciation

At 1 December 2022

453

2,557

1,148

4,158

Charge for the year

13

295

-

308

At 30 November 2023

466

2,852

1,148

4,466

Carrying amount

At 30 November 2023

37

888

1

926

At 30 November 2022

50

1,183

1

1,234

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100