CROSS EXCELLENCE LIMITED


Director	KHATRI, Tejaskumar


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	11060806 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		839,000		839,000
Tangible assets	4		74,614		10,046
			913,614		849,046
Current assets
Stocks	5	40,180		37,230
Debtors	6	184,516		128,647
Cash at bank and on hand		63,685		113,338
		288,381		279,215
Creditors amounts falling due within one year	7	(575,695)		(536,310)
Net current assets (liabilities)			(287,314)		(257,095)
Total assets less current liabilities			626,300		591,951
Creditors amounts falling due after one year	8		(316,383)		(343,903)
Net assets			309,917		248,048
Capital and reserves
Called up share capital			100		100
Profit and loss account			309,817		247,948
Shareholders' funds			309,917		248,048

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 Director acknowledges 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 Director on 18 December 2025, and are signed on its behalf by:

KHATRI, Tejaskumar
Director
Registered Company No. 11060806

CROSS EXCELLENCE 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.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20

	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).

	Financial instruments
	Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised. 

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the
effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		5

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	839,000	839,000
At 31 March 25	839,000	839,000
Net book value
At 31 March 25	839,000	839,000
At 31 March 24	839,000	839,000

4.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	22,246	22,246
Additions	72,630	72,630
At 31 March 25	94,876	94,876
Depreciation and impairment
At 01 April 24	12,200	12,200
Charge for year	8,062	8,062
At 31 March 25	20,262	20,262
Net book value
At 31 March 25	74,614	74,614
At 31 March 24	10,046	10,046

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	40,180	37,230
Total	40,180	37,230

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	141,867	94,337
Other debtors	27,465	27,174
Prepayments and accrued income	15,184	7,136
Total	184,516	128,647

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	159,850	232,841
Bank borrowings and overdrafts	79,603	22,500
Taxation and social security	-	15,382
Other creditors	336,242	264,846
Accrued liabilities and deferred income	-	741
Total	575,695	536,310

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	316,383	343,903
Total	316,383	343,903


	Included in creditors due more than one year are the bank loans amounting to £373,738 (2024: £383,486). The bank loans are secured by way of a fixed charge over the Jallas pharmacy. Also, included within other creditors falling due within one year and creditors falling due after more than one year is £10,000 (2024: £12,500) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme.

Included in creditors due more than one year are the bank loans amounting to £373,738 (2024: £383,486). The bank loans are secured by way of a fixed charge over the Jallas pharmacy.

Also, included within other creditors falling due within one year and creditors falling due after more than one year is £10,000 (2024: £12,500) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme.

9.	Related party transactions
	Included in other creditors due with in one year at the year end is an amount of £158 (2024: £2,646) due to the director. Also, included in other creditors due with 12 months is shareholders loan amounting to£251,000 (2024: £251,000)