Cross Performance Management Limited - Limited company accounts 16.3

REGISTERED NUMBER: 09312965 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Cross Performance Management Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

K Cross

REGISTERED OFFICE:

1B Station Terrace

Nelson

Treharris

CF46 6ED

REGISTERED NUMBER:

09312965 (England and Wales)

ACCOUNTANTS:

Hollands Accountancy Limited

Merlin House

Langstone Business Park

Newport

NP18 2HJ

The director presents her report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company during the period was the provision of consultancy services.

DIRECTOR

K Cross held office during the whole of the period from 1 January 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

K Cross - Director

29 September 2017

TURNOVER

187,795

203,806

Cost of sales

15,215

11,094

GROSS PROFIT

172,580

192,712

Administrative expenses

80,806

48,232

91,774

144,480

Other operating income

800

-

OPERATING PROFIT

92,574

144,480

Interest payable and similar expenses

10

-

PROFIT BEFORE TAXATION

92,564

144,480

Tax on profit

18,413

28,896

PROFIT FOR THE FINANCIAL YEAR

74,151

115,584

FIXED ASSETS

Investment property

4

60,382

-

CURRENT ASSETS

Debtors

5

28,807

16,837

Cash in hand

11,719

67,488

40,526

84,325

CREDITORS

Amounts falling due within one year

6

30,171

37,739

NET CURRENT ASSETS

10,355

46,586

TOTAL ASSETS LESS CURRENT LIABILITIES

70,737

46,586

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

70,735

46,584

SHAREHOLDERS' FUNDS

70,737

46,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 September 2017 and were signed by:

K Cross - Director

1.	STATUTORY INFORMATION

Cross Performance Management Limited is a private company, limited by shares , registered

in England and Wales. The company's registered number and registered office address can

be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

60,382

At 31 December 2016

60,382

NET BOOK VALUE

At 31 December 2016

60,382

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

28,807

16,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

2,225

-

Taxation and social security

27,946

37,739

30,171

37,739

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 January 2016

46,584

Profit for the year

74,151

Dividends

(50,000

)

At 31 December 2016

70,735