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REGISTERED NUMBER: 13753636 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Crimson Technologies Ltd.

Crimson Technologies Ltd. (Registered number: 13753636)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 3


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Crimson Technologies Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crimson Technologies Ltd. for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Crimson Technologies Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crimson Technologies Ltd. and state those matters that we have agreed to state to the Board of Directors of Crimson Technologies Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crimson Technologies Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crimson Technologies Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crimson Technologies Ltd.. You consider that Crimson Technologies Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crimson Technologies Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


30 August 2024

Crimson Technologies Ltd. (Registered number: 13753636)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 62,466 32,749
Cash at bank 106,973 100,527
169,439 133,276
CREDITORS
Amounts falling due within one year 5 67,945 92,541
NET CURRENT ASSETS 101,494 40,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,494

40,735

CAPITAL AND RESERVES
Called up share capital 100 -
Retained earnings 6 101,394 40,735
101,494 40,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mrs Estelle Merle - Director


Crimson Technologies Ltd. (Registered number: 13753636)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Crimson Technologies ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 13753636 and its registered address is 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

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.

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.

Crimson Technologies Ltd. (Registered number: 13753636)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes payments to a defined contribution pension scheme. Contributions payable to the 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 9 (2022 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 61,550 29,068
Other debtors 107 56
VAT 809 3,625
62,466 32,749

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 4,058
Tax 18,086 9,555
Social security and other taxes 23,230 67,273
Other creditors 6,844 9,630
Accruals and deferred income 19,785 2,025
67,945 92,541

6. RESERVES
Retained
earnings
£   

At 1 January 2023 40,735
Profit for the year 60,659
At 31 December 2023 101,394

Crimson Technologies Ltd. (Registered number: 13753636)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RELATED PARTY DISCLOSURES

In Amounts owed by group undertakings, includes a balance from topi GmbH which is the parent company of Crimson Technologies Ltd. Invoices raised are recharges of work completed in the UK. The opening balance was £29,068. During the year £1,568,933 was withdrawn and £1,536,450 was introduced. The closing balance at the year-end was £61,550. During the year Crimson Technologies Ltd has invoiced topi GmbH £1,568,833 (2022: £988,336). The outstanding balance is unsecured, not subject to interest and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is topi GmbH in the year.