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Registration number: 12116751

Lloyd Crossan International Risk Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Lloyd Crossan International Risk Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Lloyd Crossan International Risk Limited

(Registration number: 12116751)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,511

9,168

Current assets

 

Stocks

3,800

3,800

Debtors

5

69,832

70,548

Cash at bank and in hand

 

15,867

11,170

 

89,499

85,518

Creditors: Amounts falling due within one year

6

(78,239)

(77,637)

Net current assets

 

11,260

7,881

Total assets less current liabilities

 

16,771

17,049

Creditors: Amounts falling due after more than one year

6

(12,475)

(14,760)

Provisions for liabilities

(1,047)

(1,742)

Net assets

 

3,249

547

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,149

447

Shareholders' funds

 

3,249

547

 

Lloyd Crossan International Risk Limited

(Registration number: 12116751)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 April 2025
 

.........................................
Mr T Lloyd
Director

 

Lloyd Crossan International Risk Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Lloyd Crossan International Risk Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 7).

 

Lloyd Crossan International Risk Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

894

22,738

23,632

At 31 July 2024

894

22,738

23,632

Depreciation

At 1 August 2023

894

13,570

14,464

Charge for the year

-

3,657

3,657

At 31 July 2024

894

17,227

18,121

Carrying amount

At 31 July 2024

-

5,511

5,511

At 31 July 2023

-

9,168

9,168

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

11,122

26,953

Amounts owed by related parties

34,162

19,304

Other debtors

 

24,548

24,291

   

69,832

70,548

 

Lloyd Crossan International Risk Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other borrowings

7

2,460

5,120

Trade creditors

 

5,499

-

Taxation and social security

 

67,103

66,063

Other creditors

 

3,177

6,454

 

78,239

77,637

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Other borrowings

7

12,475

14,760

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

12,475

14,760

Current loans and borrowings

2024
£

2023
£

Other borrowings

2,460

5,120