Company registration number 11603986 (England and Wales)
CROSSHANDS RETAIL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
CROSSHANDS RETAIL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CROSSHANDS RETAIL LTD
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,784
10,337
Current assets
Stocks
30,127
35,887
Debtors
4
109,473
94,197
Cash at bank and in hand
95,294
93,100
234,894
223,184
Creditors: amounts falling due within one year
5
(203,505)
(193,204)
Net current assets
31,389
29,980
Total assets less current liabilities
44,173
40,317
Creditors: amounts falling due after more than one year
6
(834)
(10,833)
Net assets
43,339
29,484
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
43,239
29,384
Total equity
43,339
29,484

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 February 2026
Mr A Duckett
Director
Company registration number 11603986 (England and Wales)
CROSSHANDS RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Crosshands Retail Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Court House, Court Road, Bridgend, Wales, CF31 1BE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on cost
Computers
33% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

CROSSHANDS RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
9
CROSSHANDS RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024
13,031
Additions
16,345
Disposals
(11,500)
At 31 May 2025
17,876
Depreciation and impairment
At 1 June 2024
2,694
Depreciation charged in the year
4,315
Eliminated in respect of disposals
(1,917)
At 31 May 2025
5,092
Carrying amount
At 31 May 2025
12,784
At 31 May 2024
10,337
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
70,062
59,287
Other debtors
39,411
34,910
109,473
94,197
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
135,514
141,204
Corporation tax
51,648
34,552
Other taxation and social security
(438)
713
Other creditors
6,781
6,735
203,505
193,204
CROSSHANDS RETAIL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
834
10,833
7
Directors' transactions

Included in Other Creditors is a Loan from the Director of £839 (2024 £138)

2025-05-31 2024-06-01 false false false 11 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Alexander Duckett 11603986 2024-06-01 2025-05-31 11603986 2025-05-31 11603986 2024-05-31 11603986 core:OtherPropertyPlantEquipment 2025-05-31 11603986 core:OtherPropertyPlantEquipment 2024-05-31 11603986 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 11603986 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11603986 core:WithinOneYear 2025-05-31 11603986 core:WithinOneYear 2024-05-31 11603986 core:AfterOneYear 2025-05-31 11603986 core:AfterOneYear 2024-05-31 11603986 core:CurrentFinancialInstruments 2025-05-31 11603986 core:CurrentFinancialInstruments 2024-05-31 11603986 core:ShareCapital 2025-05-31 11603986 core:ShareCapital 2024-05-31 11603986 core:RetainedEarningsAccumulatedLosses 2025-05-31 11603986 core:RetainedEarningsAccumulatedLosses 2024-05-31 11603986 bus:Director1 2024-06-01 2025-05-31 11603986 core:PlantMachinery 2024-06-01 2025-05-31 11603986 core:ComputerEquipment 2024-06-01 2025-05-31 11603986 core:MotorVehicles 2024-06-01 2025-05-31 11603986 2023-06-01 2024-05-31 11603986 core:OtherPropertyPlantEquipment 2024-05-31 11603986 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 11603986 core:Non-currentFinancialInstruments 2025-05-31 11603986 core:Non-currentFinancialInstruments 2024-05-31 11603986 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11603986 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11603986 bus:FRS102 2024-06-01 2025-05-31 11603986 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11603986 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP