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REGISTERED NUMBER: 09464061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Crosby Decorators Limited

Crosby Decorators Limited (Registered number: 09464061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Crosby Decorators Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr P A Crosby





SECRETARY: Mrs J L Crosby





REGISTERED OFFICE: 26 Broome Way
Huntington
York
YO32 9RL





REGISTERED NUMBER: 09464061 (England and Wales)





ACCOUNTANTS: Parker Hartley & Co
Incorporated Financial Accountants
2 Waverley Street
The Groves
York
YO31 7QZ

Crosby Decorators Limited (Registered number: 09464061)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,450 23,400
Tangible assets 5 15,251 13,437
36,701 36,837

CURRENT ASSETS
Stocks 6 1,575 1,495
Debtors 7 202,719 246,022
Cash at bank 236,977 153,351
441,271 400,868
CREDITORS
Amounts falling due within one year 8 73,941 94,678
NET CURRENT ASSETS 367,330 306,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,031

343,027

PROVISIONS FOR LIABILITIES 4,283 2,553
NET ASSETS 399,748 340,474

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 399,744 340,470
SHAREHOLDERS' FUNDS 399,748 340,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 November 2024 and were signed by:





Mr P A Crosby - Director


Crosby Decorators Limited (Registered number: 09464061)

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

1. STATUTORY INFORMATION

Crosby Decorators 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 39,000
AMORTISATION
At 1 April 2023 15,600
Amortisation for year 1,950
At 31 March 2024 17,550
NET BOOK VALUE
At 31 March 2024 21,450
At 31 March 2023 23,400

Crosby Decorators Limited (Registered number: 09464061)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 4,427 3,820 44,200 1,620 54,067
Additions 265 - 8,500 507 9,272
Disposals - - (10,200 ) - (10,200 )
At 31 March 2024 4,692 3,820 42,500 2,127 53,139
DEPRECIATION
At 1 April 2023 3,220 2,779 33,623 1,008 40,630
Charge for year 220 156 6,914 168 7,458
Eliminated on disposal - - (10,200 ) - (10,200 )
At 31 March 2024 3,440 2,935 30,337 1,176 37,888
NET BOOK VALUE
At 31 March 2024 1,252 885 12,163 951 15,251
At 31 March 2023 1,207 1,041 10,577 612 13,437

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 1,575 1,495

7. DEBTORS
31/3/24 31/3/23
£    £   
Amounts falling due within one year:
Trade debtors 46,051 88,912
VAT - 1,949
Prepayments 1,668 161
47,719 91,022

Amounts falling due after more than one year:
Inter Company Loan 155,000 155,000

Aggregate amounts 202,719 246,022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 7,307 13,111
Corporation Tax 24,566 8,499
Social security and other taxes 4,276 4,502
VAT 3,266 -
Other creditors 7,639 9,335
Directors' loan accounts 24,067 56,411
Accrued expenses 2,820 2,820
73,941 94,678

9. INTER COMPANY LOAN

There is an inter company loan in the amount of £155,000 (2023 £155,000) owed to Crosby Decorators Ltd from Paul Crosby Property Ltd.
Mr P Crosby is a director and shareholder in both companies.