CROSBY HOUSE FARM & PLANT HIRE LIMITED


Directors	ANDERSON, David William
	ANDERSON, John
	ANDERSON, Pauline Barbara
	ANDERSON, Richard Ian
	ANDERSON, Steven


Registered Address	Crosby House Farm, Crosby
	Maryport
	Cumbria
	CA15 6SS


Registered Number	04649360 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		2,475
Tangible assets	4		730,106		755,215
Investments	5		6,635		6,635
			736,741		764,325
Current assets
Stocks	6	750,655		546,511
Debtors		14,474		58,115
Cash at bank and on hand		27,958		56,772
		793,087		661,398
Creditors amounts falling due within one year	7	(377,481)		(398,948)
Net current assets (liabilities)			415,606		262,450
Total assets less current liabilities			1,152,347		1,026,775
Creditors amounts falling due after one year	8		(457,007)		(361,749)
Provisions for liabilities	9		(129,700)		(94,044)
Net assets			565,640		570,982
Capital and reserves
Called up share capital			300		300
Profit and loss account			565,340		570,682
Shareholders' funds			565,640		570,982

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 December 2025, and are signed on its behalf by:

ANDERSON, David William
Director
Registered Company No. 04649360

CROSBY HOUSE FARM & PLANT HIRE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	2,475	2,475
Disposals	(2,475)	(2,475)
Net book value
At 31 March 25	-	-
At 31 March 24	2,475	2,475

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	238,917	1,560,508	61,443	1,860,868
Additions	-	72,231	24,137	96,368
Disposals	-	(144,016)	-	(144,016)
At 31 March 25	238,917	1,488,723	85,580	1,813,220
Depreciation and impairment
At 01 April 24	-	1,066,728	38,925	1,105,653
Charge for year	-	75,539	7,319	82,858
On disposals	-	(105,397)	-	(105,397)
At 31 March 25	-	1,036,870	46,244	1,083,114
Net book value
At 31 March 25	238,917	451,853	39,336	730,106
At 31 March 24	238,917	493,780	22,518	755,215

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 24	6,635	6,635
At 31 March 25	6,635	6,635
Net book value
At 31 March 25	6,635	6,635
At 31 March 24	6,635	6,635

	Notes
	¹Other investments other than loans

6.	Stocks

	2025	2024
	£	£
Other stocks	750,655	546,511
Total	750,655	546,511

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	288,245	299,632
Bank borrowings and overdrafts	55,625	56,940
Taxation and social security	30,150	27,143
Accrued liabilities and deferred income	3,461	15,233
Total	377,481	398,948

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	457,007	361,749
Total	457,007	361,749

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	129,700	94,044
Total	129,700	94,044