Crosscrown Limited Filleted accounts for Companies House (small and micro)
Crosscrown Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03155829
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Abridged Financial Statements |
Year Ended 31 July 2020
Contents |
Page |
Officers and professional advisers |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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91-97 Saltergate |
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Chesterfield |
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Derbyshire |
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S40 1LA |
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Bankers |
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The Drapery Branch |
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41 The Drapery |
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Northampton |
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NN1 2EY |
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Solicitors |
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26 Napier Court |
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Gander Lane |
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Barlborough |
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Chesterfield |
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United Kingdom |
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S43 4PZ |
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Abridged Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed Assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current Assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Provisions
Taxation including deferred tax |
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Net Assets |
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Capital and Reserves
Called up share capital |
8 |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
4 June 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
03155829
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Notes to the Abridged Financial Statements |
Year Ended 31 July 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The View, 3 Shore Road, Sandbanks, Poole, Dorset, BH13 7PH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements |
- |
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Fixture, fittings and equipment |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
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Stocks
Government grants
Financial instruments
Debtors and creditors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
311
(2019:
279
).
5.
Intangible assets
£ |
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Cost |
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At 1 August 2019 and 31 July 2020 |
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Amortisation |
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At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
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At 31 July 2019 |
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6.
Tangible assets
£ |
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Cost |
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At 1 August 2019 |
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Additions |
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At 31 July 2020 |
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Depreciation |
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At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
800,729 |
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At 31 July 2019 |
772,127 |
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7.
Guarantees
There is a fixed and floating charge over all of the Company's assets to NatWest Bank Plc.
8.
Called up share capital
Authorised share capital
2020 |
2019 |
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No. |
£ |
No. |
£ |
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150,000 |
150,000 |
150,000 |
150,000 |
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Issued, called up and fully paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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91,502 |
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91,502 |
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9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2020 |
2019 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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Later than 5 years |
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10.
Summary audit opinion
The senior statutory auditor was
David Waining FCA
, for and on behalf of
MCABA Limited t/a Mitchells
.
11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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(
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--------- |
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------- |
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(
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(
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--------- |
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2019 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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136,617
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(
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(
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136,615
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------- |
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(
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(
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------- |
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12.
Related party transactions
13.
Controlling party