CROSSFIRE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S F Fallon

S Fallon

REGISTERED OFFICE:

Unit 4 Kimpton Link Business Centre

40 Kimpton Road

Sutton

Surrey

SM3 9QP

REGISTERED NUMBER:

08938510 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

3,094

3,745

CURRENT ASSETS

Stocks

11,739

10,276

Debtors

6

34,848

174,658

Cash at bank

131,607

141,808

178,194

326,742

CREDITORS

Amounts falling due within one year

7

21,246

105,422

NET CURRENT ASSETS

156,948

221,320

TOTAL ASSETS LESS CURRENT LIABILITIES

160,042

225,065

PROVISIONS FOR LIABILITIES

461

555

NET ASSETS

159,581

224,510

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

159,481

224,410

SHAREHOLDERS' FUNDS

159,581

224,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15th July 2025 and were signed on its behalf by:

S Fallon - Director

1.	STATUTORY INFORMATION

Crossfire Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

17,369

699

4,832

22,900

Additions

-

222

582

804

Disposals

-

-

(352

)

(352

)

At 31st March 2025

17,369

921

5,062

23,352

DEPRECIATION

At 1st April 2024

16,244

492

2,419

19,155

Charge for year

281

107

979

1,367

Eliminated on disposal

-

-

(264

)

(264

)

At 31st March 2025

16,525

599

3,134

20,258

NET BOOK VALUE

At 31st March 2025

844

322

1,928

3,094

At 31st March 2024

1,125

207

2,413

3,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

26,369

166,603

Other debtors

450

450

Accrued income

8,029

855

Prepayments

-

6,750

34,848

174,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,302

465

Tax

11,586

67,077

VAT

4,426

24,541

Directors' current accounts

2,200

2,525

Deferred income

-

10,115

Accrued expenses

732

699

21,246

105,422