REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 30 June 2023 |
for |
Crest Ultrasonics Europe Limited |
Previously known as |
Crest Ultrasonics UK Limited |
REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 30 June 2023 |
for |
Crest Ultrasonics Europe Limited |
Previously known as |
Crest Ultrasonics UK Limited |
Crest Ultrasonics Europe Limited (Registered number: 02810515) |
previously known as Crest Ultrasonics UK Limited |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Crest Ultrasonics Europe Limited |
previously known as Crest Ultrasonics UK Limited |
Company Information |
for the Year Ended 30 June 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditors |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
Crest Ultrasonics Europe Limited (Registered number: 02810515) |
previously known as Crest Ultrasonics UK Limited |
Statement of Financial Position |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Crest Ultrasonics Europe Limited (Registered number: 02810515) |
previously known as Crest Ultrasonics UK Limited |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Crest Ultrasonics Europe Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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 statement of financial position date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | AUDITORS' REMUNERATION |
2023 | 2022 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's financial statements |
3,000 |
3,500 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
Crest Ultrasonics Europe Limited (Registered number: 02810515) |
previously known as Crest Ultrasonics UK Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Auditors' Report was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
All of the following companies are related by the fact that they are ultimately controlled by Crestek Inc. USA. Transactions with group companies are undertaken under normal commercial terms. |
Financial information on transactions and balances between related parties are as follows: |
CC Hydrosonics Limited |
CC Hydrosonics Limited purchased £364 (2022: £68,300) of goods and services from Crest Ultrasonics Europe Limited during the year. Amount due from CC Hydrosonics Limited at the year end amounted to £nil (2022: £1,435). |
CC Hydrosonics Limited supplied £nil (2022: £9,642) of goods and services to Crest Ultrasonics Europe Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £nil (2022: £3,680). |
Martin Walter Ultraschaltechnik AG |
Martin Walter Ultraschaltechnik AG supplied £nil (2022: £63,504) of goods and services to Crest Ultrasonics Europe Limited during the year. Amounts due to Martin Walter Ultraschaltechnik AG at the end of the year amounted to £nil (2022: £nil). |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Crestek Inc, incorporated in USA. |
The ultimate controlling party is |