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REGISTERED NUMBER: 02810515 (England and Wales)















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: L Casey
M J P Downing
S A Hassan
D Casey
B D Kivisto





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 02810515 (England and Wales)





AUDITORS: Thickbroom Coventry
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 38,297 38,647
Debtors 5 64 1,435
Cash at bank 172,433 179,809
210,794 219,891
CREDITORS
Amounts falling due within one year 6 3,049 7,832
NET CURRENT ASSETS 207,745 212,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,745

212,059

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 232,000 232,000
Retained earnings (25,255 ) (20,941 )
SHAREHOLDERS' FUNDS 207,745 212,059

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 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 3 November 2023 and were signed on its behalf by:





D Casey - Director


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 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.

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 - 1,435
Other debtors 64 -
64 1,435

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 - 3,680
Taxation and social security - 452
Other creditors 3,049 3,700
3,049 7,832

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry

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 Mr James Michael Goodson.