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REGISTERED NUMBER: SC036076 (Scotland)













Financial Statements

for the Year Ended 28 February 2023

for

Chrystal & Hill Limited

Chrystal & Hill Limited (Registered number: SC036076)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chrystal & Hill Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs L Lamont
Mrs K Cunningham





SECRETARY: Mrs L Lamont





REGISTERED OFFICE: 40 Kelvin Avenue
Hillington Park Estate
Glasgow
G52 4LT





REGISTERED NUMBER: SC036076 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Chrystal & Hill Limited (Registered number: SC036076)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,856 156,982

CURRENT ASSETS
Stocks 40,500 38,000
Debtors 5 330,872 169,813
Cash at bank and in hand 135,616 132,004
506,988 339,817
CREDITORS
Amounts falling due within one year 6 300,490 251,753
NET CURRENT ASSETS 206,498 88,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,354

245,046

CREDITORS
Amounts falling due after more than one
year

7

37,230

32,883
NET ASSETS 327,124 212,163

CAPITAL AND RESERVES
Called up share capital 68,575 68,575
Retained earnings 258,549 143,588
327,124 212,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Chrystal & Hill Limited (Registered number: SC036076)

Balance Sheet - continued
28 February 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 2 October 2023 and were signed on its behalf by:





Mrs K Cunningham - Director


Chrystal & Hill Limited (Registered number: SC036076)

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

1. STATUTORY INFORMATION

Chrystal & Hill Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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
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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Chrystal & Hill Limited (Registered number: SC036076)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 261,774 403,127 664,901
Additions - 71,968 71,968
Disposals - (89,875 ) (89,875 )
At 28 February 2023 261,774 385,220 646,994
DEPRECIATION
At 1 March 2022 174,266 333,653 507,919
Charge for year 5,236 24,741 29,977
Eliminated on disposal - (48,758 ) (48,758 )
At 28 February 2023 179,502 309,636 489,138
NET BOOK VALUE
At 28 February 2023 82,272 75,584 157,856
At 28 February 2022 87,508 69,474 156,982

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 20,532
Additions 35,995
At 28 February 2023 56,527
DEPRECIATION
At 1 March 2022 12,953
Charge for year 10,893
At 28 February 2023 23,846
NET BOOK VALUE
At 28 February 2023 32,681
At 28 February 2022 7,579

Chrystal & Hill Limited (Registered number: SC036076)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 251,873 161,870
Other debtors 78,999 7,943
330,872 169,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,198 4,350
Trade creditors 207,342 160,964
Taxation and social security 67,220 65,471
Other creditors 11,730 10,968
300,490 251,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 14,730 383
37,230 32,883

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mrs K Cunningham
Balance outstanding at start of year 5,596 -
Amounts advanced 74,635 5,596
Amounts repaid (45,569 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,662 5,596

Mrs L Lamont
Balance outstanding at start of year - -
Amounts advanced 40,343 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,343 -