REGISTERED NUMBER: |
Crystal Finance (Europe) Ltd |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
REGISTERED NUMBER: |
Crystal Finance (Europe) Ltd |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
Crystal Finance (Europe) Ltd (Registered number: 05811462) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 |
Crystal Finance (Europe) Ltd |
Company Information |
for the Year Ended 31 May 2024 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Crystal Finance (Europe) Ltd (Registered number: 05811462) |
Balance Sheet |
31 May 2024 |
31.5.24 | 31.5.23 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Creditors |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
Crystal Finance (Europe) Ltd (Registered number: 05811462) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | Statutory information |
Crystal Finance (Europe) Ltd 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 value added tax. |
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. |
Revenue recognition |
Revenue represents the gross rentals receivable for the period on finance lease contracts and interest receivable on loans and hire purchase contracts. The interest element of the finance lease, loans and hire purchase contracts is taken to revenue over the term of the lease on the sum of digits basis. |
Commissions and administration charges are taken to revenue in the year in which they are earned. |
Leased assets |
Assets provided to customers on finance lease and hire purchase contracts are written off on a sum of digit basis over the length of each agreement. The carrying value of the leased asset, being the capital element due under the contract, is included in debtors in the Balance Sheet. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Debtors: amounts falling due within one year |
31.5.24 | 31.5.23 |
£ | £ |
Other debtors |
VAT |
Crystal Finance (Europe) Ltd (Registered number: 05811462) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
5. | Creditors: amounts falling due within one year |
31.5.24 | 31.5.23 |
£ | £ |
Other creditors |
Directors' current accounts | 12,262 | 12,046 |
Accrued expenses |
6. | Called up share capital |
Allotted and issued: |
Number: | Class: | Nominal | 31.5.24 | 31.5.23 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |