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Registered number: 11354957
Crossways Mechanical Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sadler Davies
Top Floor
West Hill House
Dartford
Kent
DA1 2EU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11354957
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,590 1,254
4,590 1,254
CURRENT ASSETS
Stocks 5 5,000 4,500
Debtors 14,021 19,301
Cash at bank and in hand 9,873 1,085
28,894 24,886
Creditors: Amounts Falling Due Within One Year (28,999 ) (20,400 )
NET CURRENT ASSETS (LIABILITIES) (105 ) 4,486
TOTAL ASSETS LESS CURRENT LIABILITIES 4,485 5,740
Creditors: Amounts Falling Due After More Than One Year (3,071 ) (5,195 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (872 ) (238 )
NET ASSETS 542 307
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 442 207
SHAREHOLDERS' FUNDS 542 307
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D G Bowers
Director
29th January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Crossways Mechanical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11354957 . The registered office is Top Floor, West Hill House, Dartford, Kent, DA1 2EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Tax is recognised in the profit and loss account 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 212 2,475 2,687
Additions - 4,484 4,484
As at 31 May 2024 212 6,959 7,171
Depreciation
As at 1 June 2023 125 1,308 1,433
Provided during the period 18 1,130 1,148
As at 31 May 2024 143 2,438 2,581
Net Book Value
As at 31 May 2024 69 4,521 4,590
As at 1 June 2023 87 1,167 1,254
5. Stocks
2024 2023
£ £
Work in progress 5,000 4,500
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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