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REGISTERED NUMBER: SC467704 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Crossdal Ltd

Crossdal Ltd (Registered number: SC467704)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crossdal Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: John Lonergan
Paul McJimpsey





REGISTERED OFFICE: 17 Byres Road
Glasgow
G11 5RD





REGISTERED NUMBER: SC467704 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Crossdal Ltd (Registered number: SC467704)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,801 9,749

CURRENT ASSETS
Stock 15,500 16,543
Debtors 5 26,428 7,375
Cash at bank and in hand 204,372 227,979
246,300 251,897
CREDITORS
Amounts falling due within one year 6 134,707 144,735
NET CURRENT ASSETS 111,593 107,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,394

116,911

CREDITORS
Amounts falling due after more than one
year

7

(45,862

)

(20,940

)

PROVISIONS FOR LIABILITIES 8 (7,567 ) (1,853 )
NET ASSETS 100,965 94,118

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 100,865 94,018
SHAREHOLDERS' FUNDS 100,965 94,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Crossdal Ltd (Registered number: SC467704)

Balance Sheet - continued
31 May 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





John Lonergan - Director


Crossdal Ltd (Registered number: SC467704)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Crossdal Ltd is a private company, limited by shares , registered in Scotland. 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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 10% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Crossdal Ltd (Registered number: SC467704)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

Crossdal Ltd (Registered number: SC467704)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 June 2023 14,017 - 14,017
Additions - 42,988 42,988
At 31 May 2024 14,017 42,988 57,005
DEPRECIATION
At 1 June 2023 4,268 - 4,268
Charge for year 1,338 8,598 9,936
At 31 May 2024 5,606 8,598 14,204
NET BOOK VALUE
At 31 May 2024 8,411 34,390 42,801
At 31 May 2023 9,749 - 9,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 26,428 7,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,656 10,656
Hire purchase contracts 4,968 -
Trade creditors 14,809 16,158
Taxation and social security 84,739 91,919
Other creditors 19,535 26,002
134,707 144,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,913 20,940
Hire purchase contracts 34,949 -
45,862 20,940

Crossdal Ltd (Registered number: SC467704)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,567 1,853

Deferred
tax
£   
Balance at 1 June 2023 1,853
Provided during year 5,714
Balance at 31 May 2024 7,567

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The business is controlled by the directors.