Cristile Limited 06513870 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is selling ceramic products Digita Accounts Production Advanced 6.30.9574.0 true true 06513870 2022-03-01 2023-02-28 06513870 2023-02-28 06513870 bus:OrdinaryShareClass1 2023-02-28 06513870 bus:Revised 2023-02-28 06513870 core:CurrentFinancialInstruments 2023-02-28 06513870 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 06513870 core:MotorVehicles 2023-02-28 06513870 core:OtherPropertyPlantEquipment 2023-02-28 06513870 bus:SmallEntities 2022-03-01 2023-02-28 06513870 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 06513870 bus:FullAccounts 2022-03-01 2023-02-28 06513870 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 06513870 bus:RegisteredOffice 2022-03-01 2023-02-28 06513870 bus:Director1 2022-03-01 2023-02-28 06513870 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 06513870 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06513870 core:MotorVehicles 2022-03-01 2023-02-28 06513870 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 06513870 core:PlantMachinery 2022-03-01 2023-02-28 06513870 countries:England 2022-03-01 2023-02-28 06513870 2022-02-28 06513870 core:MotorVehicles 2022-02-28 06513870 core:OtherPropertyPlantEquipment 2022-02-28 06513870 2021-03-01 2022-02-28 06513870 2022-02-28 06513870 bus:OrdinaryShareClass1 2022-02-28 06513870 core:CurrentFinancialInstruments 2022-02-28 06513870 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 06513870 core:MotorVehicles 2022-02-28 06513870 core:OtherPropertyPlantEquipment 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06513870

Cristile Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Cristile Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Cristile Limited

Company Information

Director

Mr Cristian Garofalo

Registered office

590 Green Lanes
Palmers Green
London
N13 5RY

Accountants

Thomas Alexander & Co Ltd
Chartered Accountants
590 Green Lanes
Palmers Green
London
N13 5RY

 

Cristile Limited

(Registration number: 06513870)
Balance Sheet as at 28 February 2023

Note

2023

2022

Tangible assets

4

28,844

36,055

Current assets

 

Debtors

5

18,590

-

Cash at bank and in hand

 

1,184,375

1,018,815

 

1,202,965

1,018,815

Creditors: Amounts falling due within one year

6

(213,106)

(206,637)

Net current assets

 

989,859

812,178

Net assets

 

1,018,703

848,233

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

1,018,702

848,232

Shareholders' funds

 

1,018,703

848,233

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 October 2023
 

.........................................
Mr Cristian Garofalo
Director

 

Cristile Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
Puttocks Farm
Philpot End
Great Dunmow
CM6 1JQ

These financial statements were authorised for issue by the director on 19 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cristile Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance basis

Motor vehicles

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Cristile Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Cristile Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Motor vehicles
 €

Other tangible assets

Total

Cost or valuation

At 1 March 2022

41,543

17,256

58,799

At 28 February 2023

41,543

17,256

58,799

Depreciation

At 1 March 2022

8,309

14,435

22,744

Charge for the year

6,647

564

7,211

At 28 February 2023

14,956

14,999

29,955

Carrying amount

At 28 February 2023

26,587

2,257

28,844

At 28 February 2022

33,234

2,821

36,055

5

Debtors

2023

2022

Trade debtors

18,590

-

18,590

-

 

Cristile Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023

2022

Due within one year

Taxation and social security

1,587

1,761

Accruals and deferred income

5,400

5,200

Director loan account

164,098

156,503

Corporation tax liability

42,021

43,173

213,106

206,637

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

No.

Ordinary Shares of €1 each

1

1

1

1