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REGISTERED NUMBER: 10918224 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024

FOR

CROSS STREET TRAVEL LTD

CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROSS STREET TRAVEL LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: S Nijjar
R Nijjar
S Nijjar





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 10918224 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384,427 179,532
Investments 5 65,000 65,000
449,427 244,532

CURRENT ASSETS
Debtors 6 107,875 84,662
Cash at bank 93,094 138,491
200,969 223,153
CREDITORS
Amounts falling due within one year 7 509,051 332,500
NET CURRENT LIABILITIES (308,082 ) (109,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,345

135,185

CREDITORS
Amounts falling due after more than one
year

8

(61,479

)

-

PROVISIONS FOR LIABILITIES (16,146 ) (30,624 )
NET ASSETS 63,720 104,561

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,620 104,461
63,720 104,561

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

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

CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)

BALANCE SHEET - continued
31 August 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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





S Nijjar - Director


CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Cross Street Travel Ltd 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.

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.

The director has assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

CHANGES IN ACCOUNTING POLICIES
During the year the company revised its accounting policy for depreciation on its tangible fixed assets.

Previously the company charged 25% straight line basis on all of their tangible fixed assets.

From 1 September 2023, this has now been changed to:
Fixtures and fittings 10% straight line basis
Computer equipment - 25% straight line basis
Motor vehicles - 12.50% straight line basis.

If the change did not take place during the year ended 31 August 2024, an additional £34,114 of depreciation would have been charged.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% straight line basis
Motor vehicles - Straight line over 8 years
Computer equipment - 25% straight line basis

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 232,804
Additions 239,014
At 31 August 2024 471,818
DEPRECIATION
At 1 September 2023 53,272
Charge for year 34,119
At 31 August 2024 87,391
NET BOOK VALUE
At 31 August 2024 384,427
At 31 August 2023 179,532

CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £ 124,505 in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 65,000
NET BOOK VALUE
At 31 August 2024 65,000
At 31 August 2023 65,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,885 31,604
Other debtors 60,990 53,058
107,875 84,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 49,000 500
Trade creditors 132,160 20,885
Taxation and social security 4,221 1,441
Other creditors 323,670 309,674
509,051 332,500

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 61,479 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 110,479 500

CROSS STREET TRAVEL LTD (REGISTERED NUMBER: 10918224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

10. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market
conditions, including dividend payments to it's shareholders.