A.G. Cross Limited - Filleted accounts

Registered number

04479765

A.G. Cross Limited

Unaudited Filleted Accounts

31 August 2025

A.G. Cross Limited
Registered number:		04479765
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		25,500			34,000
Tangible assets	4		41,094			26,382
			66,594			60,382

Current assets
Stocks		4,300			4,300
Debtors	5	73,295			109,038
Cash at bank and in hand		287,758			292,425
		365,353			405,763

Creditors: amounts falling due within one year	6	(87,843)			(97,734)

Net current assets			277,510			308,029

Total assets less current liabilities			344,104			368,411


Provisions for liabilities			(3,634)			-

Net assets			340,470			368,411

Capital and reserves
Called up share capital			-			100
Profit and loss account			340,470			368,311

Shareholders' funds			340,470			368,411

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

AG Cross
Director
Approved by the board on 29 May 2026

A.G. Cross Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			20% on cost
	Motor Vehicles			20% reducing balance
	Computer Equipment			20% on cost
	Fixtures, fittings, tools and equipment			20% on cost

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					11		10


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 September 2024							85,000
	At 31 August 2025							85,000

	Amortisation
	At 1 September 2024							51,000
	Provided during the year							8,500
	At 31 August 2025							59,500

	Net book value
	At 31 August 2025							25,500
	At 31 August 2024							34,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 September 2024			324,583		154,544		479,127
	Additions			6,319		29,145		35,464
	Disposals			-		(3,895)		(3,895)
	At 31 August 2025			330,902		179,794		510,696

	Depreciation
	At 1 September 2024			316,896		135,849		452,745
	Charge for the year			8,068		8,789		16,857
	At 31 August 2025			324,964		144,638		469,602

	Net book value
	At 31 August 2025			5,938		35,156		41,094
	At 31 August 2024			7,687		18,695		26,382


5	Debtors					2025		2024
£							£

	Trade debtors					38,162		34,108
	Other debtors					35,133		74,930
						73,295		109,038


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					-		34,166
	Trade creditors					13,320		15,035
	Taxation and social security costs					9,350		7,761
	Pension Contributions Outstanding					270		267
	Directors Current Accounts					696		-
	Other creditors					64,207		40,505
						87,843		97,734


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	VA Cross
	Loan	40,000		-		(40,000)		-

		40,000		-		(40,000)		-




8	Related party transactions

	Included in other debtors is an amount of £28,646 (2024:£28,646) loaned to Indigo Vara Limited a company registered in England & Wales, company number 10495567, in which VA Cross is both a Shareholder and Director. At the date these accounts were approved that amount was still outstanding.

	During the year the Directors personally purchased goods and services on behalf of the company. These transactions were made on an arms length basis and were repaid by the Company during the year.

	During the year the Company purchased goods and services on behalf of the Directors. These transactions were made on an arms length basis and were repaid by the Directors during the year.

9	Controlling party

	Based upon the disposition of Shareholdings the Directors are of the opinion that there is no overall controlling party.


10	Other information

	A.G. Cross Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Sandy Lane
	Preesall
	Poulton-Le-Fylde
	Lancashire
	FY6 0NU