Company Registration No. 11309826 (England and Wales)
Crosslight & Sound Production Services Limited
Unaudited accounts
for the year ended 31 March 2025
Crosslight & Sound Production Services Limited
Statement of financial position
as at 31 March 2025
Tangible assets
566,201
453,685
Cash at bank and in hand
28,475
29,085
Creditors: amounts falling due within one year
(111,028)
(62,044)
Net current assets
6,487
20,904
Total assets less current liabilities
572,688
474,589
Creditors: amounts falling due after more than one year
(62,227)
(51,932)
Provisions for liabilities
Deferred tax
(88,861)
(71,930)
Net assets
421,600
350,727
Called up share capital
100
100
Share premium
58,590
58,590
Revaluation reserve
65,388
77,184
Profit and loss account
297,522
214,853
Shareholders' funds
421,600
350,727
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 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 31 December 2025 and were signed on its behalf by
S Deacon
Director
Company Registration No. 11309826
Crosslight & Sound Production Services Limited
Notes to the Accounts
for the year ended 31 March 2025
Crosslight & Sound Production Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11309826. The registered office is 47 Eastwood Drive, Highwoods, Colchester, Essex, CO4 9EB, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
33% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
3 years straight line
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Basic financial instruments are recognised at amortised cost.
Crosslight & Sound Production Services Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,195,088
148,581
9,912
1,353,581
Additions
247,449
-
3,450
250,899
At 31 March 2025
1,442,537
148,581
13,362
1,604,480
At 1 April 2024
844,270
47,285
8,341
899,896
Charge for the year
111,651
25,325
1,407
138,383
At 31 March 2025
955,921
72,610
9,748
1,038,279
At 31 March 2025
486,616
75,971
3,614
566,201
At 31 March 2024
350,818
101,296
1,571
453,685
Amounts falling due within one year
Trade debtors
82,588
47,048
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,342
5,199
Obligations under finance leases and hire purchase contracts
35,841
23,187
Trade creditors
30,083
1,528
Taxes and social security
-
1
Loans from directors
15,275
14,378
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
38,774
22,800
Hire purchase balances are secured over the assets to which they relate.
8
Average number of employees
During the year the average number of employees was 2 (2024: 1).