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REGISTERED NUMBER: 05229119 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CRYSTAL TECHNICA LIMITED

CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRYSTAL TECHNICA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr C H M Gorst



REGISTERED OFFICE: 4 Brunel Buildings
Brunel Road
Newton Abbot
Devon
TQ12 4PB



REGISTERED NUMBER: 05229119 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
42 Courtenay Street
Newton Abbot
Devon
TQ12 2EB

CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,302 4,727
Tangible assets 5 31,399 21,474
40,701 26,201

CURRENT ASSETS
Stocks 6 113,300 113,270
Debtors 7 53,521 78,750
Cash at bank and in hand 49,247 28,956
216,068 220,976
CREDITORS
Amounts falling due within one year 8 152,802 129,415
NET CURRENT ASSETS 63,266 91,561
TOTAL ASSETS LESS CURRENT LIABILITIES 103,967 117,762

PROVISIONS FOR LIABILITIES 6,889 5,004
NET ASSETS 97,078 112,758

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 97,077 112,757
SHAREHOLDERS' FUNDS 97,078 112,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2024 and were signed by:





Mr C H M Gorst - Director


CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Crystal Technica 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.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Patents & Licences - 15% on reducing balance
Websites - 25% on cost

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 - 15% on reducing balance
Computer equipment - 25% on cost

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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Website
licences costs Totals
£    £    £   
COST
At 1 October 2022 19,231 19,407 38,638
Additions 6,217 - 6,217
At 30 September 2023 25,448 19,407 44,855
AMORTISATION
At 1 October 2022 14,504 19,407 33,911
Amortisation for year 1,642 - 1,642
At 30 September 2023 16,146 19,407 35,553
NET BOOK VALUE
At 30 September 2023 9,302 - 9,302
At 30 September 2022 4,727 - 4,727

CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 49,252 3,831 53,083
Additions 1,090 18,308 19,398
At 30 September 2023 50,342 22,139 72,481
DEPRECIATION
At 1 October 2022 30,651 958 31,609
Charge for year 3,938 5,535 9,473
At 30 September 2023 34,589 6,493 41,082
NET BOOK VALUE
At 30 September 2023 15,753 15,646 31,399
At 30 September 2022 18,601 2,873 21,474

6. STOCKS
2023 2022
£    £   
Stocks 113,300 113,270

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,840 38,801
Amounts owed by group undertakings 11,496 12
Other debtors 12,447 3,172
Tax - 16,763
Prepayments 1,738 20,002
53,521 78,750

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,177 28,814
Amounts owed to group undertakings 75,140 54,227
VAT 55,844 27,911
Other creditors 375 528
Directors' current accounts 17,256 15,750
Accrued expenses 2,010 2,185
152,802 129,415

CRYSTAL TECHNICA LIMITED (REGISTERED NUMBER: 05229119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr C H M Gorst
Balance outstanding at start of year (15,750 ) (17,743 )
Amounts advanced 1,302 5,274
Amounts repaid (2,808 ) (3,281 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,256 ) (15,750 )

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the period the company had transactions with Direct Brand Limited and Thermo Technica Limited, with whom the companies share a Director, Mr C H M Gorst.

The amount owing from/(to) Direct Brand Limited at the period end, is £11,170 (2022: £(2,219)) and the amount owing from Thermo Technica Limited at the period end is £326 (2022: £12).

The company also has transactions with Nuvo Futura Limited, the ultimate controlling party and only shareholder.

The amount owing to Nuvo Futura Limited at the period end is £75,140 (2022: £52,008).

The loans are unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Nuvo Futura Limited.

Registered Office and Principal Place of Business is 4 Brunel Buildings, Brunel Road, Newton Abbot, Devon, TQ12 4PB.