Cross Cut Construction (Midlands) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 14272962

		31 March 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		14,000		16,000
Tangible Assets	5		29,018		78,361

			43,018		94,361
CURRENT ASSETS
Stocks	6	17,007		-
Debtors	7	10,259		1,397
Cash at bank and in hand		44,231		86,120

		71,497		87,517
Creditors: Amounts Falling Due Within One Year	8	(52,541 )		(28,388 )

NET CURRENT ASSETS (LIABILITIES)			18,956		59,129

TOTAL ASSETS LESS CURRENT LIABILITIES			61,974		153,490

Creditors: Amounts Falling Due After More Than One Year	9		(21,633 )		(48,322 )

NET ASSETS			40,341		105,168

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			40,339		105,166

SHAREHOLDERS' FUNDS			40,341		105,168

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Cross Cut Construction (Midlands) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the period 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 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 Anthony Cross

Director

5 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Cross Cut Construction (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14272962 . The registered office is 9 Oliver Drive, Ruddington, Nottingham, NG11 6FL.

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 profit and loss account over its estimated economic life of 10 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:

Motor Vehicles

25% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

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Cross Cut Construction (Midlands) Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 March 2025

2.7. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 4 (2024: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	20,000

As at 31 March 2025	20,000

Amortisation
As at 1 September 2024	4,000
Provided during the period	2,000

As at 31 March 2025	6,000

Net Book Value
As at 31 March 2025	14,000

As at 1 September 2024	16,000

5. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 September 2024	85,515
Disposals	(43,299 )

As at 31 March 2025	42,216

Depreciation
As at 1 September 2024	7,154
Provided during the period	10,554
Disposals	(4,510 )

As at 31 March 2025	13,198

Net Book Value
As at 31 March 2025	29,018

As at 1 September 2024	78,361

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Cross Cut Construction (Midlands) Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 March 2025

6. Stocks

	31 March 2025	31 August 2024
	£	£
Work in progress	17,007	-

7. Debtors

	31 March 2025	31 August 2024
	£	£
Due within one year
Trade debtors	6,756	552
Prepayments and accrued income	3,503	845

	10,259	1,397

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 August 2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,490	12,882
Trade creditors	13,705	2,273
Corporation tax	13,096	5,904
Other taxes and social security	1,606	1,027
VAT	15,563	3,860
Accruals and deferred income	1,142	1,490
Directors' loan accounts	939	952

	52,541	28,388

9. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 August 2024
	£	£
Net obligations under finance lease and hire purchase contracts	21,633	48,322

10. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 August 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,490	12,882
Later than one year and not later than five years	21,633	48,322

	28,123	61,204

	28,123	61,204

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Cross Cut Construction (Midlands) Ltd

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 March 2025

11. Share Capital

	31 March 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	2	2

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