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CRESCO CAPITAL SERVICES LIMITED

Registered Number
SC623031
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

CRESCO CAPITAL SERVICES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Colin Mann
Carsten With Thygesen

Registered Address

Durn
Isla Road
Perth
PH2 7HF

Registered Number

SC623031 (Scotland)
CRESCO CAPITAL SERVICES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3933-
933-
Current assets
Debtors445,44029,020
Cash at bank and on hand123,347159,539
168,787188,559
Creditors amounts falling due within one year5(6,722)(31,085)
Net current assets (liabilities)162,065157,474
Total assets less current liabilities162,998157,474
Net assets162,998157,474
Capital and reserves
Called up share capital11
Profit and loss account162,997157,473
Shareholders' funds162,998157,474
The financial statements were approved and authorised for issue by the Board of Directors on 20 March 2024, and are signed on its behalf by:
Carsten With Thygesen
Director
Registered Company No. SC623031
CRESCO CAPITAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contact cannot be estimated reliably.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year10
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,3991,399
At 31 December 231,3991,399
Depreciation and impairment
Charge for year466466
At 31 December 23466466
Net book value
At 31 December 23933933
At 31 December 22--
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables24,7658,855
Other debtors20,67520,165
Total45,44029,020
Other debtors include a loan to Cresco Capital Services A/S for £19,242 (2022 - £18,312). The loan is unsecured, repayable on demand and interest is charged.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-23,024
Taxation and social security2,9915,513
Other creditors-99
Accrued liabilities and deferred income3,7312,449
Total6,72231,085
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Carsten With Thygesen990990
990990
The above loan is included in other creditors and is unsecured, interest free and repayable on demand.