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REGISTERED NUMBER: 03277776 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

THREE CROSS DEMOLITION LIMITED

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance sheet 1

Notes to the financial statements 3


THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 219,593 224,687
219,593 224,687

Current assets
Stocks 42,010 31,750
Debtors 6 112,944 76,474
Cash at bank 22,936 10,953
177,890 119,177
Creditors
Amounts falling due within one year 7 140,904 111,819
Net current assets 36,986 7,358
Total assets less current liabilities 256,579 232,045

Creditors
Amounts falling due after more than one year 8 (209,011 ) (122,408 )

Provisions for liabilities 11 (46,466 ) (46,599 )
Net assets 1,102 63,038

Capital and reserves
Called up share capital 12 1,000 1,000
Retained earnings 102 62,038
Shareholders' funds 1,102 63,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

BALANCE SHEET - continued
30 APRIL 2024


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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mr G J Revell - Director


THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Three Cross Demolition Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03277776. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Jubilee Farm, Burts Lane, Mannington, Wimborne, Dorset, BH21 7JX.

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 represents income receivable from demolition contracts, net of VAT.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. Accounting policies - continued

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 1
Amortisation
At 1 May 2023
and 30 April 2024 1
Net book value
At 30 April 2024 -
At 30 April 2023 -

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. Tangible fixed assets
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 46,436 297,146 66,325 570 410,477
Additions - 58,500 3,000 176 61,676
Disposals - (452 ) - - (452 )
At 30 April 2024 46,436 355,194 69,325 746 471,701
Depreciation
At 1 May 2023 8,144 160,723 16,581 342 185,790
Charge for year 4,643 48,711 13,186 149 66,689
Eliminated on disposal - (371 ) - - (371 )
At 30 April 2024 12,787 209,063 29,767 491 252,108
Net book value
At 30 April 2024 33,649 146,131 39,558 255 219,593
At 30 April 2023 38,292 136,423 49,744 228 224,687

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 May 2023 116,743 66,325 183,068
Additions 58,500 - 58,500
At 30 April 2024 175,243 66,325 241,568
Depreciation
At 1 May 2023 64,737 16,581 81,318
Charge for year 27,627 12,436 40,063
At 30 April 2024 92,364 29,017 121,381
Net book value
At 30 April 2024 82,879 37,308 120,187
At 30 April 2023 52,006 49,744 101,750

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 84,488 72,867
Directors' current accounts 28,456 -
VAT - 3,607
112,944 76,474

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 22,065 14,348
Hire purchase contracts (see note 9) 52,347 46,483
Trade creditors 42,043 20,350
Tax 9,588 19,388
Social security and other taxes 3,432 6,033
VAT 6,704 -
Directors' current accounts - 492
Accruals and deferred income 4,725 4,725
140,904 111,819

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 18,432 13,281
Bank loans - 2-5 years 79,852 16,667
Bank loans more 5 yr by instal 30,107 11,574
Hire purchase contracts (see note 9) 80,620 80,886
209,011 122,408

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,107 11,574

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 52,347 46,483
Between one and five years 80,620 80,886
132,967 127,369

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,313 8,313
Between one and five years 2,771 11,084
11,084 19,397

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 132,967 127,369

Hire purchase contracts are secured on the assets to which they relate.

11. Provisions for liabilities
2024 2023
£    £   
Deferred tax 46,466 46,599

Deferred
tax
£   
Balance at 1 May 2023 46,599
Credit to Income statement during year (133 )
Balance at 30 April 2024 46,466

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
510 Ordinary A £1 510 510
490 Ordinary B £1 490 490
1,000 1,000

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr G J Revell
Balance outstanding at start of year - -
Amounts advanced 14,228 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,228 -

THREE CROSS DEMOLITION LIMITED (REGISTERED NUMBER: 03277776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


13. Directors' advances, credits and guarantees - continued

Mr T J Revell
Balance outstanding at start of year - -
Amounts advanced 14,228 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,228 -

The amounts outstanding at the balance sheet date were repaid in full within 9 months of the year end.

14. Ultimate controlling party

The ultimate controlling party is Mr G Revell by virtue of his majority ownership of the voting share capital of the company.