Crosby Decorators Limited

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

Registered number: 09464061

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		19,500		21,450
Tangible Assets	5		22,418		15,251

			41,918		36,701
CURRENT ASSETS
Stocks	6	1,495		1,575
Debtors	7	225,119		202,719
Cash at bank and in hand		211,995		236,977

		438,609		441,271
Creditors: Amounts Falling Due Within One Year	8	(41,308 )		(73,941 )

NET CURRENT ASSETS (LIABILITIES)			397,301		367,330

TOTAL ASSETS LESS CURRENT LIABILITIES			439,219		404,031

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,604 )		(4,283 )

NET ASSETS			433,615		399,748

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			433,611		399,744

SHAREHOLDERS' FUNDS			433,615		399,748

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Crosby Decorators Limited

Balance Sheet (continued)

As At 31 March 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Paul Crosby

Director

29th October 2025

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

1. General Information

Crosby Decorators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09464061 . The registered office is 26 Broome Way, Huntington, York, YO32 9RL.

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. It is amortised to the profit and loss account over its estimated economic life of twenty 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:

Plant & Machinery	15%
Motor Vehicles	25%
Fixtures & Fittings	15%
Computer Equipment	15%

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.

...CONTINUED

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Crosby Decorators Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

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.

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: 8 (2024: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	39,000

As at 31 March 2025	39,000

Amortisation
As at 1 April 2024	17,550
Provided during the period	1,950

As at 31 March 2025	19,500

Net Book Value
As at 31 March 2025	19,500

As at 1 April 2024	21,450

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	4,692	42,500	3,820	2,127	53,139
Additions	-	17,580	-	-	17,580
Disposals	-	(11,900 )	-	-	(11,900 )

As at 31 March 2025	4,692	48,180	3,820	2,127	58,819

Depreciation
As at 1 April 2024	3,440	30,337	2,935	1,176	37,888
Provided during the period	188	6,598	133	143	7,062
Disposals	-	(8,549 )	-	-	(8,549 )

As at 31 March 2025	3,628	28,386	3,068	1,319	36,401

Net Book Value
As at 31 March 2025	1,064	19,794	752	808	22,418

As at 1 April 2024	1,252	12,163	885	951	15,251

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Crosby Decorators Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	1,495	1,575

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	57,004	46,051
Other debtors	3,115	1,668

	60,119	47,719
Due after more than one year
Amounts owed by participating interests	165,000	155,000

	225,119	202,719

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,958	7,307
Other creditors	16,718	34,526
Taxation and social security	13,632	32,108

	41,308	73,941

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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