Cross Keys Woolstone Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14654943

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		46,577		57,310

			46,577		57,310
CURRENT ASSETS
Stocks	5	19,974		-
Debtors	6	96,073		15,500
Cash at bank and in hand		107,396		111,718

		223,443		127,218
Creditors: Amounts Falling Due Within One Year	7	(222,514 )		(136,324 )

NET CURRENT ASSETS (LIABILITIES)			929		(9,106 )

TOTAL ASSETS LESS CURRENT LIABILITIES			47,506		48,204

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,850 )		(10,889 )

NET ASSETS			38,656		37,315

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			38,655		37,314

SHAREHOLDERS' FUNDS			38,656		37,315

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Cross Keys Woolstone Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 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

Mr Elzan Seraj

Director

13/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cross Keys Woolstone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14654943 . The registered office is 34 Newport Road, Woolstone, Milton Keynes, MK15 0AA.

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. 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:

Plant & Machinery	over 5 years
Motor Vehicles	over 5 years
Computer Equipment	over 5 years

2.4. 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.

2.5. 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.

2.6. 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.

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Cross Keys Woolstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.7. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 27 (2024: 22)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2024	42,493	21,013	-	63,506
Additions	1,755	-	398	2,153

As at 28 February 2025	44,248	21,013	398	65,659

Depreciation
As at 1 March 2024	6,196	-	-	6,196
Provided during the period	8,660	4,203	23	12,886

As at 28 February 2025	14,856	4,203	23	19,082

Net Book Value
As at 28 February 2025	29,392	16,810	375	46,577

As at 1 March 2024	36,297	21,013	-	57,310

5. Stocks

	2025	2024
	£	£
Stock	19,974	-

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,226	-
Other debtors	81,847	15,500

	96,073	15,500

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	14,374	27,893
Other creditors	-	9,576
Taxation and social security	208,140	98,855

	222,514	136,324

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Cross Keys Woolstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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