IRIS Accounts Production v18.3.0.592 07569004 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075690042017-03-31075690042018-03-31075690042017-04-012018-03-31075690042016-03-31075690042016-04-012017-03-31075690042017-03-3107569004ns15:EnglandWales2017-04-012018-03-3107569004ns14:PoundSterling2017-04-012018-03-3107569004ns10:Director12017-04-012018-03-3107569004ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3107569004ns10:SmallEntities2017-04-012018-03-3107569004ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3107569004ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3107569004ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3107569004ns10:FullAccounts2017-04-012018-03-3107569004ns10:Director22017-04-012018-03-3107569004ns10:Director32017-04-012018-03-3107569004ns10:Director42017-04-012018-03-3107569004ns10:RegisteredOffice2017-04-012018-03-3107569004ns5:CurrentFinancialInstruments2018-03-3107569004ns5:CurrentFinancialInstruments2017-03-3107569004ns5:ShareCapital2018-03-3107569004ns5:ShareCapital2017-03-3107569004ns5:RetainedEarningsAccumulatedLosses2018-03-3107569004ns5:RetainedEarningsAccumulatedLosses2017-03-3107569004ns5:FurnitureFittings2017-04-012018-03-3107569004ns5:MotorVehicles2017-04-012018-03-3107569004ns5:ComputerEquipment2017-04-012018-03-3107569004ns5:FurnitureFittings2017-03-3107569004ns5:MotorVehicles2017-03-3107569004ns5:ComputerEquipment2017-03-3107569004ns5:FurnitureFittings2018-03-3107569004ns5:MotorVehicles2018-03-3107569004ns5:ComputerEquipment2018-03-3107569004ns5:FurnitureFittings2017-03-3107569004ns5:MotorVehicles2017-03-3107569004ns5:ComputerEquipment2017-03-3107569004ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3107569004ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: 07569004 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CRESTEL PROJECTS LTD

CRESTEL PROJECTS LTD (REGISTERED NUMBER: 07569004)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CRESTEL PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: L Haldron
H Lavers
S Fitzjohn
M Fitzjohn





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 07569004 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

CRESTEL PROJECTS LTD (REGISTERED NUMBER: 07569004)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,684 1,424

CURRENT ASSETS
Stocks 6 1,741 -
Debtors 7 989,854 591,111
Cash at bank 665,606 209,382
1,657,201 800,493
CREDITORS
Amounts falling due within one year 8 1,078,861 482,422
NET CURRENT ASSETS 578,340 318,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,024

319,495

PROVISIONS FOR LIABILITIES (50,808 ) 15,165
NET ASSETS 642,832 304,330

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 642,732 304,230
SHAREHOLDERS' FUNDS 642,832 304,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CRESTEL PROJECTS LTD (REGISTERED NUMBER: 07569004)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on its behalf
by:





L Haldron - Director


CRESTEL PROJECTS LTD (REGISTERED NUMBER: 07569004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Crestel Projects Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

CRESTEL PROJECTS LTD (REGISTERED NUMBER: 07569004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 - - 1,898 1,898
Additions 536 11,100 5,186 16,822
At 31 March 2018 536 11,100 7,084 18,720
DEPRECIATION
At 1 April 2017 - - 474 474
Charge for year 134 2,775 1,653 4,562
At 31 March 2018 134 2,775 2,127 5,036
NET BOOK VALUE
At 31 March 2018 402 8,325 4,957 13,684
At 31 March 2017 - - 1,424 1,424

6. STOCKS
31.3.18 31.3.17
£    £   
Stocks 1,741 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 944,712 552,494
Other debtors 20,100 35,034
VAT 25,042 3,583
989,854 591,111

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other loans 7,500 -
Trade creditors 875,267 315,525
Tax 89,099 64,234
Social security and other taxes 30,542 -
Pension Liability 47 -
Other creditors 46,931 68,768
Accruals and deferred income 29,475 33,895
1,078,861 482,422

9. ULTIMATE CONTROLLING PARTY

Not one shareholder owns more than 50% share capital and therefore all directors control the company in unison.