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Registered number: 06499819
Cross Motor Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06499819
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 265,007 258,548
265,007 258,548
CURRENT ASSETS
Stocks 6 31,680 26,400
Debtors 7 33,487 39,333
Cash at bank and in hand 26,500 41,985
91,667 107,718
Creditors: Amounts Falling Due Within One Year 8 (131,821 ) (145,340 )
NET CURRENT ASSETS (LIABILITIES) (40,154 ) (37,622 )
TOTAL ASSETS LESS CURRENT LIABILITIES 224,853 220,926
Creditors: Amounts Falling Due After More Than One Year 9 (84,092 ) (95,413 )
NET ASSETS 140,761 125,513
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 140,760 125,512
SHAREHOLDERS' FUNDS 140,761 125,513
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Luke Cross
Director
25 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cross Motor Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06499819 . The registered office is 19c Bidavon Industrial Estate Waterloo Road, Bidford-On-Avon, Alcester, B50 4JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill has been fully amortised over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% - 33% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 60,000
As at 31 March 2025 60,000
Amortisation
As at 1 April 2024 60,000
As at 31 March 2025 60,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 232,500 71,221 90,083 25,412 419,216
Additions 24,000 - - 3,983 27,983
Disposals - - (6,200 ) - (6,200 )
As at 31 March 2025 256,500 71,221 83,883 29,395 440,999
Depreciation
As at 1 April 2024 31,440 52,638 56,597 19,993 160,668
Provided during the period 3,290 3,716 8,373 2,178 17,557
Disposals - - (2,233 ) - (2,233 )
As at 31 March 2025 34,730 56,354 62,737 22,171 175,992
Net Book Value
As at 31 March 2025 221,770 14,867 21,146 7,224 265,007
As at 1 April 2024 201,060 18,583 33,486 5,419 258,548
6. Stocks
2025 2024
£ £
Materials 31,680 26,400
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,351 30,062
Prepayments and accrued income 6,529 6,729
Amounts owed by group undertakings 2,607 2,542
33,487 39,333
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 65,662 69,674
Bank loans and overdrafts 13,783 29,888
Other taxes and social security 40,119 42,543
Net wages - 508
Credit Card 221 773
Accruals and deferred income 1,655 1,575
Directors' loan accounts 10,381 379
131,821 145,340
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 84,092 95,413
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 3,207 8,327
Later than one year and not later than five years 1,456 4,663
4,663 12,990
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