Registration number: 02972434

Cross Lane MOT Centre Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Cross Lane MOT Centre Limited

Company Information

Directors

David Cottrell Steven Cottrell

Company secretary

Elaine Cottrell

Registered office

1ST Floor Victory House The Sidings Whalley Lancashire BB7 9SE

Accountants

King Street Accounts 1ST Floor Victory House The Sidings Whalley BB7 9SE

Cross Lane MOT Centre Limited

(Registration number: 02972434)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	22,013	11,214
Current assets
Stocks	6	32,383	32,383
Debtors	7	8,878	29,415
Cash at bank and in hand		33,510	38,929
		74,771	100,727
Creditors: Amounts falling due within one year	8	(26,574)	(19,443)
Net current assets		48,197	81,284
Total assets less current liabilities		70,210	92,498
Provisions for liabilities		(2,000)	(2,000)
Net assets		68,210	90,498
Capital and reserves
Called up share capital	9	99	99
Retained earnings		68,111	90,399
Shareholders' funds		68,210	90,498

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:
 

Cross Lane MOT Centre Limited

(Registration number: 02972434)
Balance Sheet as at 31 August 2025

......................................... David Cottrell Director

Cross Lane MOT Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1ST Floor
Victory House
The Sidings
Whalley
Lancashire
BB7 9SE
United Kingdom

These financial statements were authorised for issue by the Board on 21 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Cross Lane MOT Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	10% reducing balance
Motor Vehicles	25% on cost
Fixtures Fittings	10% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cross Lane MOT Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 5).

Cross Lane MOT Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2024	40,000	40,000
At 31 August 2025	40,000	40,000
Amortisation
At 1 September 2024	40,000	40,000
At 31 August 2025	40,000	40,000
Carrying amount
At 31 August 2025	-	-

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	14,443	22,146	659	10,667	47,915
Additions	655	12,594	-	-	13,249
At 31 August 2025	15,098	34,740	659	10,667	61,164
Depreciation
At 1 September 2024	8,311	17,084	639	10,667	36,701
Charge for the year	679	1,766	5	-	2,450
At 31 August 2025	8,990	18,850	644	10,667	39,151
Carrying amount
At 31 August 2025	6,108	15,890	15	-	22,013
At 31 August 2024	6,132	5,062	20	-	11,214

6

Stocks

	2025 £	2024 £
Other inventories	32,383	32,383

Cross Lane MOT Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	2,779	3,748
Prepayments	180	180
Other debtors	5,919	25,487
	8,878	29,415

Cross Lane MOT Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	18,027	6,217
Taxation and social security	5,147	9,826
Accruals and deferred income	3,400	3,400
	26,574	19,443

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	54	54	54	54
Ordinary B shares of £1 each	45	45	45	45
	99	99	99	99

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £9.25 (2024 - £18.51) per each Ordinary A shares		500		1,000
Interim dividend of £380.43 (2024 - £377.77) per each Ordinary B shares		17,500		17,000
		18,000		18,000

11	Related party transactions

At the balance sheet date £5,920 was owed from the Directors ( 2024 £25,489 owed from the Directors) . This was repaid in full within 9 months of the company`s year end .
Dividends of £18,000 were paid to the Directors (2024 £18,000 paid) .
Rent of £12,000 was paid to D Cottrell (2024 £12,000 paid ).