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REGISTERED NUMBER: 05760161 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cristea Building Ltd

Cristea Building Ltd (Registered number: 05760161)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cristea Building Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr C I Cristea





REGISTERED OFFICE: The Lodge
Wellingrove
Woodcock Hill
Rickmansworth
WD3 1PT





REGISTERED NUMBER: 05760161 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Cristea Building Ltd (Registered number: 05760161)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,351 16,299

CURRENT ASSETS
Stocks 5 4,000 2,500
Debtors 6 7,747 1,200
Cash at bank 18,986 66,812
30,733 70,512
CREDITORS
Amounts falling due within one
year

7

20,765

64,741
NET CURRENT ASSETS 9,968 5,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,319

22,070

CREDITORS
Amounts falling due after more
than one year

8

40,631

13,300
NET ASSETS 9,688 8,770

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 9,588 8,670
SHAREHOLDERS' FUNDS 9,688 8,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cristea Building Ltd (Registered number: 05760161)

Balance Sheet - continued
31 March 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 director and authorised for issue on 9 November 2023 and were signed by:





Mr C I Cristea - Director


Cristea Building Ltd (Registered number: 05760161)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cristea Building 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.

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 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Cristea Building Ltd (Registered number: 05760161)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 788 46,248 4,409 51,445
Additions - 37,501 - 37,501
At 31 March 2023 788 83,749 4,409 88,946
DEPRECIATION
At 1 April 2022 772 31,043 3,331 35,146
Charge for year 4 13,176 269 13,449
At 31 March 2023 776 44,219 3,600 48,595
NET BOOK VALUE
At 31 March 2023 12 39,530 809 40,351
At 31 March 2022 16 15,205 1,078 16,299

5. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 4,000 2,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 338 1,200
Other debtors 7,409 -
7,747 1,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,200 7,429
Hire purchase contracts 3,459 -
Trade creditors 35 319
Taxation and social security 2,777 19,617
Other creditors 10,294 37,376
20,765 64,741

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,100 13,300
Hire purchase contracts 31,531 -
40,631 13,300

Cristea Building Ltd (Registered number: 05760161)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 8,670
Profit for the year 918
At 31 March 2023 9,588

11. RELATED PARTY DISCLOSURES

During the year, no dividend was paid to the director.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C I Cristea.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.