Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01trueNo description of principal activity2false2false 12612168 2023-06-01 2024-05-31 12612168 2022-06-01 2023-05-31 12612168 2024-05-31 12612168 2023-05-31 12612168 c:Director1 2023-06-01 2024-05-31 12612168 d:CurrentFinancialInstruments 2024-05-31 12612168 d:CurrentFinancialInstruments 2023-05-31 12612168 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12612168 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12612168 d:ShareCapital 2024-05-31 12612168 d:ShareCapital 2023-05-31 12612168 d:RetainedEarningsAccumulatedLosses 2024-05-31 12612168 d:RetainedEarningsAccumulatedLosses 2023-05-31 12612168 c:FRS102 2023-06-01 2024-05-31 12612168 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12612168 c:FullAccounts 2023-06-01 2024-05-31 12612168 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12612168 2 2023-06-01 2024-05-31 12612168 6 2023-06-01 2024-05-31 12612168 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12612168










THE CROSS FAMILY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
THE CROSS FAMILY LIMITED
REGISTERED NUMBER: 12612168

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
50
75

Current assets
  

Debtors: amounts falling due within one year
 5 
355,796
140,843

Cash at bank and in hand
  
4,247
11,887

  
360,043
152,730

Creditors: amounts falling due within one year
 6 
(208,655)
(79,879)

Net current assets
  
 
 
151,388
 
 
72,851

  

Net assets
  
151,438
72,926


Capital and reserves
  

Called up share capital 
  
150
100

Profit and loss account
  
151,288
72,826

  
151,438
72,926


Page 1

 
THE CROSS FAMILY LIMITED
REGISTERED NUMBER: 12612168
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




D Cross
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
THE CROSS FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The Cross Family Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 12612168). Its registered office is First Floor Unit F Centenary Business Park, 150 Little London Road, Sheffield, South Yorkshire, England, S8 0UJ. The principal activity of the Company throughout the period continued to be that of consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THE CROSS FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 4

 
THE CROSS FAMILY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Fixed asset investments





Investments in subsidiary companies
Other investments
Total

£
£
£



Cost


At 1 June 2023
-
75
75


Additions
50
-
50


Disposals
-
(75)
(75)



At 31 May 2024
50
-
50





5.


Debtors

2024
2023
£
£


Trade debtors
-
3,960

Amounts owed by group undertakings
351,319
119,136

Other debtors
4,477
17,747

355,796
140,843



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
415
2,939

Corporation tax
36,653
34,565

Other taxation and social security
5,397
6,131

Other creditors
163,190
33,744

Accruals and deferred income
3,000
2,500

208,655
79,879


 
Page 5