Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity89falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08312807 2023-04-01 2024-03-31 08312807 2022-04-01 2023-03-31 08312807 2024-03-31 08312807 2023-03-31 08312807 c:Director1 2023-04-01 2024-03-31 08312807 d:FurnitureFittings 2023-04-01 2024-03-31 08312807 d:FurnitureFittings 2024-03-31 08312807 d:FurnitureFittings 2023-03-31 08312807 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08312807 d:ComputerEquipment 2023-04-01 2024-03-31 08312807 d:ComputerEquipment 2024-03-31 08312807 d:ComputerEquipment 2023-03-31 08312807 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08312807 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08312807 d:Goodwill 2024-03-31 08312807 d:Goodwill 2023-03-31 08312807 d:CurrentFinancialInstruments 2024-03-31 08312807 d:CurrentFinancialInstruments 2023-03-31 08312807 d:Non-currentFinancialInstruments 2024-03-31 08312807 d:Non-currentFinancialInstruments 2023-03-31 08312807 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08312807 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08312807 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08312807 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08312807 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 08312807 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 08312807 d:ShareCapital 2024-03-31 08312807 d:ShareCapital 2023-03-31 08312807 d:RetainedEarningsAccumulatedLosses 2024-03-31 08312807 d:RetainedEarningsAccumulatedLosses 2023-03-31 08312807 c:FRS102 2023-04-01 2024-03-31 08312807 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08312807 c:FullAccounts 2023-04-01 2024-03-31 08312807 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08312807 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 08312807 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 08312807 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08312807







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


CROSSMEADS LIMITED






































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CROSSMEADS LIMITED
REGISTERED NUMBER:08312807



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
145,724
-

Tangible assets
 5 
9,398
10,897

  
155,122
10,897

Current assets
  

Debtors: amounts falling due within one year
 6 
146,563
24,253

Bank and cash balances
  
71,358
172,366

  
217,921
196,619

Creditors: amounts falling due within one year
 7 
(220,458)
(47,566)

Net current (liabilities)/assets
  
 
 
(2,537)
 
 
149,053

Total assets less current liabilities
  
152,585
159,950

Creditors: amounts falling due after more than one year
  
(62,208)
(36,250)

  

Net assets
  
90,377
123,700


Capital and reserves
  

Called up share capital 
  
90,100
90,100

Profit and loss account
  
277
33,600

  
90,377
123,700


Page 1

 


CROSSMEADS LIMITED
REGISTERED NUMBER:08312807


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D C Crossan
Director

Date: 16 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


CROSSMEADS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Crossmeads 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


CROSSMEADS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9).

Page 4

 


CROSSMEADS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Other intangiible assets

£



Cost


At 1 April 2023
63,000


Additions
161,916



At 31 March 2024

224,916



Amortisation


At 1 April 2023
63,000


Charge for the year on owned assets
16,192



At 31 March 2024

79,192



Net book value



At 31 March 2024
145,724



At 31 March 2023
-



Page 5

 


CROSSMEADS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
28,326
23,167
51,493


Additions
-
906
906



At 31 March 2024

28,326
24,073
52,399



Depreciation


At 1 April 2023
21,424
19,172
40,596


Charge for the year on owned assets
1,726
679
2,405



At 31 March 2024

23,150
19,851
43,001



Net book value



At 31 March 2024
5,176
4,222
9,398



At 31 March 2023
6,902
3,995
10,897


6.


Debtors

2024
2023
£
£


Amounts owed by connected company
145,000
24,213

Other debtors
1,563
40

146,563
24,253


Page 6

 


CROSSMEADS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Amounts owed to connected companies
16,000
-

Corporation tax
29,019
15,323

Other taxation and social security
39,440
23,894

Other creditors
129,799
2,149

Accruals and deferred income
1,200
1,200

220,458
47,566



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
31,250
36,250

Other creditors
30,958
-

62,208
36,250



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,000
5,000


5,000
5,000



Amounts falling due after more than 5 years

Bank loans
31,250
36,250

31,250
36,250

36,250
41,250



10.


Related party transactions

At the balance sheet date, the company was owed £145,000 (2022:£0) from related parties. This balance is interest-free.

 
Page 7