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REGISTERED NUMBER: 02940087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Crosslands Foundry Limited

Crosslands Foundry Limited (Registered number: 02940087)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Crosslands Foundry Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Towers





SECRETARY: S Towers





REGISTERED OFFICE: Crossland House
30 Eben Street
Sheffield
South Yorkshire
S9 1BH





REGISTERED NUMBER: 02940087 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Crosslands Foundry Limited (Registered number: 02940087)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 182 5,064

CURRENT ASSETS
Stocks 2,702 2,669
Debtors 5 651,553 663,108
Cash at bank and in hand 286,839 169,067
941,094 834,844
CREDITORS
Amounts falling due within one year 6 201,644 160,805
NET CURRENT ASSETS 739,450 674,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

739,632

679,103

PROVISIONS FOR LIABILITIES 35 962
NET ASSETS 739,597 678,141

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 727,597 666,141
SHAREHOLDERS' FUNDS 739,597 678,141

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 director acknowledges his 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.

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 director and authorised for issue on 29 May 2025 and were signed by:





S Towers - Director


Crosslands Foundry Limited (Registered number: 02940087)

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

1. STATUTORY INFORMATION

Crosslands Foundry Limited 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.

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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 5 (2023 - NIL ) .

Crosslands Foundry Limited (Registered number: 02940087)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 19,895 2,280 3,687 25,862
Additions - 145 - 145
At 31 August 2024 19,895 2,425 3,687 26,007
DEPRECIATION
At 1 September 2023 14,921 2,207 3,670 20,798
Charge for year 4,974 47 6 5,027
At 31 August 2024 19,895 2,254 3,676 25,825
NET BOOK VALUE
At 31 August 2024 - 171 11 182
At 31 August 2023 4,974 73 17 5,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 473,302 484,729
Other debtors 71,441 71,868
The Hollteck Company Limited 105,000 105,000
Prepayments and accrued income 1,810 1,511
651,553 663,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 151,609 96,997
Tax 1,055 22,399
Social security and other taxes 1,208 1,004
VAT 9,998 2,867
Other creditors 37,549 37,549
Net wages - (237 )
Pension control 100 100
Directors' current accounts 114 114
Accrued expenses 11 12
201,644 160,805

7. RELATED PARTY DISCLOSURES

Included in Sundry Debtors is a loan of £105,000 (2023: £105,000) to The Hollteck Company Limited. Mr S Towers is a director and shareholder of both companies.