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Registered Number: SC570342
Scotland

 

 

 

CROSS RESOURCES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Director C Shinnie
Registered Number SC570342
Registered Office 34 Provost Black Drive
Banchory
Aberdeenshire
AB31 4FG
Accountants M&S Accountancy & Taxation Limited
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 100    100 
Cash at bank and in hand 61,997    73,993 
62,097    74,093 
Creditors: amount falling due within one year 4 (960)   (712)
Net current assets 61,137    73,381 
 
Total assets less current liabilities 61,137    73,381 
Net assets 61,137    73,381 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 61,037    73,281 
Shareholders' funds 61,137    73,381 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 July 2025 and were signed by:


-------------------------------
C Shinnie
Director
2
General Information
Cross Resources Limited is a private company, limited by shares, registered in Scotland, registration number SC570342, registration address 34 Provost Black Drive, Banchory, Aberdeenshire, AB31 4FG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.                                                                                                                                                               
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.                                                                                                                                                                             
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 100    100 
100    100 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Accrued Expenses 960    712 
960    712 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
90 A Ordinary shares of £1.00 each 90    90 
4 B Ordinary shares of £1.00 each  
3 C Ordinary shares of £1.00 each  
3 D Ordinary shares of £1.00 each  
100    100 

3