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Company Registration No. 13944395 (England and Wales)
The Crossways Inn Scole Ltd Unaudited accounts for the period from 29 February 2024 to 28 February 2025
The Crossways Inn Scole Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Crossways Inn Scole Ltd Company Information for the period from 29 February 2024 to 28 February 2025
Directors
Lesley Edwards Hugh Edwards Scott Edwards
Company Number
13944395 (England and Wales)
Registered Office
13 The Close Norwich NR1 4DS England
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The Crossways Inn Scole Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
41,230
39,516
Current assets
Inventories
46,545
-
Debtors
5
2,000
5,798
Cash at bank and in hand
166,343
289,349
214,888
295,147
Creditors: amounts falling due within one year
6
(69,348)
(174,006)
Net current assets
145,540
121,141
Total assets less current liabilities
186,770
160,657
Creditors: amounts falling due after more than one year
7
(6,131)
(15,817)
Provisions for liabilities
Deferred tax
(10,307)
(9,879)
Net assets
170,332
134,961
Capital and reserves
Called up share capital
100
100
Profit and loss account
170,232
134,861
Shareholders' funds
170,332
134,961
For the period 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by
Hugh Edwards Director Company Registration No. 13944395
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The Crossways Inn Scole Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
The Crossways Inn Scole Ltd is a private company, limited by shares, registered in England and Wales, registration number 13944395. The registered office is 13 The Close, Norwich, NR1 4DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% SL
Motor vehicles
20% RB
Fixtures & fittings
20% RB
Computer equipment
33% SL
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Crossways Inn Scole Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 29 February 2024
34,745
5,000
1,469
1,644
42,858
Additions
-
3,969
-
1,333
5,302
At 28 February 2025
34,745
8,969
1,469
2,977
48,160
Depreciation
At 29 February 2024
1,390
1,364
46
542
3,342
Charge for the period
1,390
1,184
285
729
3,588
At 28 February 2025
2,780
2,548
331
1,271
6,930
Net book value
At 28 February 2025
31,965
6,421
1,138
1,706
41,230
At 28 February 2024
33,355
3,636
1,423
1,102
39,516
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
4,298
Other debtors
2,000
1,500
2,000
5,798
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,288
10,648
VAT
14,629
17,538
Trade creditors
7,042
9,199
Taxes and social security
8,840
19,250
Loans from directors
28,549
117,371
69,348
174,006
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,131
15,817
8
Average number of employees
During the period the average number of employees was 15 (2024: 3).
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