Registered number
02176213
Crosscourt Limited
Filleted Accounts
31 January 2025
Crosscourt Limited
Registered number: 02176213
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 59,369 36,714
Current assets
Stocks 4,469 4,357
Debtors 5 236,929 286,937
Cash at bank and in hand 691,226 661,708
932,624 953,002
Creditors: amounts falling due within one year 6 (92,054) (89,135)
Net current assets 840,570 863,867
Total assets less current liabilities 899,939 900,581
Provisions for liabilities (11,280) (6,976)
Net assets 888,659 893,605
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 887,659 892,605
Shareholders' funds 888,659 893,605
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Lee
Director
Approved by the board on 16 September 2025
Crosscourt Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Straight line over useful economic life 20 years
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 29 27
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 74,450
At 31 January 2025 74,450
Amortisation
At 1 February 2024 74,450
At 31 January 2025 74,450
Net book value
At 31 January 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 18,401 121,551 62,955 202,907
Additions - 683 45,244 45,927
Disposals - - (36,915) (36,915)
At 31 January 2025 18,401 122,234 71,284 211,919
Depreciation
At 1 February 2024 18,401 117,487 30,305 166,193
Charge for the year - 1,241 11,080 12,321
On disposals - - (25,964) (25,964)
At 31 January 2025 18,401 118,728 15,421 152,550
Net book value
At 31 January 2025 - 3,506 55,863 59,369
At 31 January 2024 - 4,064 32,650 36,714
5 Debtors 2025 2024
£ £
Trade debtors 2,293 5,864
Other debtors 234,636 281,073
236,929 286,937
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 20,596 25,447
Taxation and social security costs 52,056 45,051
Other creditors 19,402 18,637
92,054 89,135
7 Other information
Crosscourt Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Upper Northam Road
Hedge End
Southampton
Hampshire
SO30 4DY
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