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REGISTERED NUMBER: 11060806 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Cross Excellence Limited

Cross Excellence Limited (Registered number: 11060806)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cross Excellence Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Tejaskumar Khatri





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 11060806 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Cross Excellence Limited (Registered number: 11060806)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 839,000 839,000
Property, plant and equipment 5 10,046 12,558
849,046 851,558

CURRENT ASSETS
Inventories 37,230 35,235
Debtors 6 128,647 95,756
Cash at bank and in hand 113,338 109,580
279,215 240,571
CREDITORS
Amounts falling due within one year 7 262,810 244,435
NET CURRENT ASSETS/(LIABILITIES) 16,405 (3,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,451

847,694

CREDITORS
Amounts falling due after more than one
year

8

617,403

653,950
NET ASSETS 248,048 193,744

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 247,948 193,644
SHAREHOLDERS' FUNDS 248,048 193,744

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.

Cross Excellence Limited (Registered number: 11060806)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





Mr Tejaskumar Khatri - Director


Cross Excellence Limited (Registered number: 11060806)

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

1. STATUTORY INFORMATION

Cross Excellence 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
Revenue 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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 839,000
NET BOOK VALUE
At 31 March 2024 839,000
At 31 March 2023 839,000

Cross Excellence Limited (Registered number: 11060806)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 22,246
DEPRECIATION
At 1 April 2023 9,688
Charge for year 2,512
At 31 March 2024 12,200
NET BOOK VALUE
At 31 March 2024 10,046
At 31 March 2023 12,558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 94,337 80,710
Other debtors 34,310 15,046
128,647 95,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 239,963 223,451
Taxation and social security 19,459 16,915
Other creditors 3,388 4,069
262,810 244,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 366,403 402,950
Other creditors 251,000 251,000
617,403 653,950

Cross Excellence Limited (Registered number: 11060806)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100