19 01/02/2024 31/01/2025 2025-01-31 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2024-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13152440 2024-02-01 2025-01-31 13152440 2025-01-31 13152440 2024-01-31 13152440 2023-02-01 2024-01-31 13152440 2024-01-31 13152440 2023-01-31 13152440 core:PlantMachinery 2024-02-01 2025-01-31 13152440 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 13152440 core:MotorVehicles 2024-02-01 2025-01-31 13152440 bus:Director1 2024-02-01 2025-01-31 13152440 core:PlantMachinery 2024-01-31 13152440 core:FurnitureFittingsToolsEquipment 2024-01-31 13152440 core:MotorVehicles 2024-01-31 13152440 core:PlantMachinery 2025-01-31 13152440 core:FurnitureFittingsToolsEquipment 2025-01-31 13152440 core:MotorVehicles 2025-01-31 13152440 core:WithinOneYear 2025-01-31 13152440 core:WithinOneYear 2024-01-31 13152440 core:ShareCapital 2025-01-31 13152440 core:ShareCapital 2024-01-31 13152440 core:RetainedEarningsAccumulatedLosses 2025-01-31 13152440 core:RetainedEarningsAccumulatedLosses 2024-01-31 13152440 core:PlantMachinery 2024-01-31 13152440 core:FurnitureFittingsToolsEquipment 2024-01-31 13152440 core:MotorVehicles 2024-01-31 13152440 bus:SmallEntities 2024-02-01 2025-01-31 13152440 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13152440 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13152440 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13152440 bus:FullAccounts 2024-02-01 2025-01-31
Company registration number: 13152440
Crossways Management Company Services Ltd
Unaudited filleted financial statements
31 January 2025
Crossways Management Company Services Ltd
Contents
Accountants report
Statement of financial position
Notes to the financial statements
Crossways Management Company Services Ltd
Statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 3 129,589 141,486
_______ _______
129,589 141,486
Current assets
Stocks 950 2,500
Debtors 4 96,905 189,394
Cash at bank and in hand 178,174 180,594
_______ _______
276,029 372,488
Creditors: amounts falling due
within one year 5 ( 39,420) ( 180,450)
_______ _______
Net current assets 236,609 192,038
_______ _______
Total assets less current liabilities 366,198 333,524
Provisions for liabilities ( 22,503) ( 27,514)
_______ _______
Net assets 343,695 306,010
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 343,595 305,910
_______ _______
Shareholders funds 343,695 306,010
_______ _______
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr Nicholas Turner
Director
Company registration number: 13152440
Crossways Management Company Services Ltd
Notes to the financial statements
Year ended 31 January 2025
1. General information
Crossways Management Company Services Ltd (Company number 13152440 ) is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 33 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 19 (2024: 13).
3. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 86,858 22,076 145,334 254,268
Additions 28,817 - 43,337 72,154
Disposals ( 3,712) - ( 31,477) ( 35,189)
_______ _______ _______ _______
At 31 January 2025 111,963 22,076 157,194 291,233
_______ _______ _______ _______
Depreciation
At 1 February 2024 35,882 12,800 64,100 112,782
Charge for the year 20,534 5,519 22,809 48,862
_______ _______ _______ _______
At 31 January 2025 56,416 18,319 86,909 161,644
_______ _______ _______ _______
Carrying amount
At 31 January 2025 55,547 3,757 70,285 129,589
_______ _______ _______ _______
At 31 January 2024 50,976 9,276 81,234 141,486
_______ _______ _______ _______
4. Debtors
2025 2024
£ £
Trade debtors 11,974 179,396
Other debtors 84,931 9,998
_______ _______
96,905 189,394
_______ _______
5. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 1,030 1,030
Trade creditors 503 348
Social security and other taxes 21,085 56,049
Other creditors 16,802 123,023
_______ _______
39,420 180,450
_______ _______