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Registration number: 05889155

Cross Keys Beds Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Cross Keys Beds Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Cross Keys Beds Limited

Company Information

Director

Mr SG Dexter

Company secretary

Mrs TD Dexter

Registered office

265-267 Broad Street
Coppenhall
Crewe
Cheshire
CW1 4JJ

Accountants

Alextra Group Limited
Chartered Certified Accountants7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Cross Keys Beds Limited

(Registration number: 05889155)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,835

3,722

Current assets

 

Stocks

5

15,548

17,160

Debtors

6

3,289

7,356

Cash at bank and in hand

 

29,615

40,496

 

48,452

65,012

Creditors: Amounts falling due within one year

7

(9,992)

(11,122)

Net current assets

 

38,460

53,890

Total assets less current liabilities

 

41,295

57,612

Provisions for liabilities

(538)

(708)

Net assets

 

40,757

56,904

Capital and reserves

 

Called up share capital

10

10

Retained earnings

40,747

56,894

Shareholders' funds

 

40,757

56,904

For the financial year ending 31 August 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.

 

Cross Keys Beds Limited

(Registration number: 05889155)
Balance Sheet as at 31 August 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account or Director's Report has been taken.

Approved and authorised by the director on 14 May 2025
 

.........................................
Mr SG Dexter
Director

 

Cross Keys Beds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
265-267 Broad Street
Coppenhall
Crewe
Cheshire
CW1 4JJ

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

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 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.

 

Cross Keys Beds Limited

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

Tax

The tax expense for the period comprises current and deferred tax.

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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

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

Motor vehicles

25% on written down value

Furniture, fittings and equipment

25% on written down value

Plant and machinery

15% on written down value

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 6 (2023 - 7).

 

Cross Keys Beds Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 September 2023

907

17,600

1,980

20,487

At 31 August 2024

907

17,600

1,980

20,487

Depreciation

At 1 September 2023

757

14,467

1,541

16,765

Charge for the year

38

783

66

887

At 31 August 2024

795

15,250

1,607

17,652

Carrying amount

At 31 August 2024

112

2,350

373

2,835

At 31 August 2023

150

3,133

439

3,722

5

Stocks

2024
£

2023
£

Other inventories

15,548

17,160

6

Debtors

Current

2024
£

2023
£

Trade debtors

300

3,681

Prepayments

2,107

1,534

Other debtors

882

2,141

 

3,289

7,356

 

Cross Keys Beds Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,242

-

Taxation and social security

2,939

8,153

Accruals and deferred income

2,863

2,886

Other creditors

2,948

83

9,992

11,122