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REGISTERED NUMBER: 04195218 (England and Wales)











Financial Statements

for the Year Ended 30 April 2023

for

CRESTHEATH LIMITED

CRESTHEATH LIMITED (REGISTERED NUMBER: 04195218)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESTHEATH LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A C Parsons
D Belmore





SECRETARY:





REGISTERED OFFICE: Shortfield Garage
Mill Lane
Godalming
Surrey
GU7 1EY





REGISTERED NUMBER: 04195218 (England and Wales)





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE

CRESTHEATH LIMITED (REGISTERED NUMBER: 04195218)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,520 39,528

CURRENT ASSETS
Stocks 44,075 76,575
Debtors 5 19,432 27,439
Cash at bank and in hand 289,715 257,448
353,222 361,462
CREDITORS
Amounts falling due within one year 6 157,174 216,887
NET CURRENT ASSETS 196,048 144,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,568

184,103

PROVISIONS FOR LIABILITIES 8,737 8,737
NET ASSETS 220,831 175,366

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 220,531 175,066
SHAREHOLDERS' FUNDS 220,831 175,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

CRESTHEATH LIMITED (REGISTERED NUMBER: 04195218)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 6 October 2023 and were signed on its behalf by:





A C Parsons - Director


CRESTHEATH LIMITED (REGISTERED NUMBER: 04195218)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

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

Turnover
Turnover represents net invoiced sales of vehicles, parts and servicing, excluding value added tax and are recognised in the month to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 20% on cost

Stocks
Stock of vehicles is valued at the lower of cost and net realisable value.

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 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.

CRESTHEATH LIMITED (REGISTERED NUMBER: 04195218)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term. whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 150,073 27,442 177,515
Additions 3,464 5,637 9,101
At 30 April 2023 153,537 33,079 186,616
DEPRECIATION
At 1 May 2022 114,754 23,233 137,987
Charge for year 12,516 2,593 15,109
At 30 April 2023 127,270 25,826 153,096
NET BOOK VALUE
At 30 April 2023 26,267 7,253 33,520
At 30 April 2022 35,319 4,209 39,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 6,466 12,673
Other debtors 12,966 14,766
19,432 27,439

CRESTHEATH LIMITED (REGISTERED NUMBER: 04195218)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 26,378 26,954
Taxation and social security 66,624 69,962
Other creditors 64,172 119,971
157,174 216,887