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
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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3 |
129,589 |
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141,486 |
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_______ |
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_______ |
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129,589 |
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141,486 |
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Current assets |
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Stocks |
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950 |
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2,500 |
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Debtors |
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4 |
96,905 |
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189,394 |
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Cash at bank and in hand |
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178,174 |
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180,594 |
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_______ |
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_______ |
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276,029 |
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372,488 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
39,420) |
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(
180,450) |
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_______ |
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_______ |
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Net current assets |
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236,609 |
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192,038 |
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_______ |
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_______ |
Total assets less current liabilities |
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366,198 |
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333,524 |
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Provisions for liabilities |
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(
22,503) |
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(
27,514) |
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_______ |
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_______ |
Net assets |
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343,695 |
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306,010 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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343,595 |
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305,910 |
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_______ |
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_______ |
Shareholders funds |
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343,695 |
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306,010 |
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_______ |
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_______ |
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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:
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Plant and machinery |
- |
20 % |
straight line |
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Fittings fixtures and equipment |
- |
25 % |
straight line |
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Motor vehicles |
- |
33 % |
reducing balance |
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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
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2024 |
86,858 |
22,076 |
145,334 |
254,268 |
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Additions |
28,817 |
- |
43,337 |
72,154 |
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Disposals |
(
3,712) |
- |
(
31,477) |
(
35,189) |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2025 |
111,963 |
22,076 |
157,194 |
291,233 |
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_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 February 2024 |
35,882 |
12,800 |
64,100 |
112,782 |
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Charge for the year |
20,534 |
5,519 |
22,809 |
48,862 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2025 |
56,416 |
18,319 |
86,909 |
161,644 |
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_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 January 2025 |
55,547 |
3,757 |
70,285 |
129,589 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2024 |
50,976 |
9,276 |
81,234 |
141,486 |
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_______ |
_______ |
_______ |
_______ |
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4.
Debtors
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
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11,974 |
179,396 |
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Other debtors |
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84,931 |
9,998 |
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_______ |
_______ |
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96,905 |
189,394 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
|
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
|
1,030 |
1,030 |
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Trade creditors |
|
503 |
348 |
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Social security and other taxes |
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21,085 |
56,049 |
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Other creditors |
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16,802 |
123,023 |
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_______ |
_______ |
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39,420 |
180,450 |
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_______ |
_______ |
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