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REGISTERED NUMBER: SC036076 (Scotland)













Financial Statements

for the Year Ended 29 February 2024

for

Chrystal & Hill Limited

Chrystal & Hill Limited (Registered number: SC036076)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chrystal & Hill Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs L Lamont
Mrs K Cunningham





SECRETARY: Mrs L Lamont





REGISTERED OFFICE: 40 Kelvin Avenue
Hillington Park Estate
Glasgow
G52 4LT





REGISTERED NUMBER: SC036076 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Chrystal & Hill Limited (Registered number: SC036076)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,827 157,856

CURRENT ASSETS
Stocks 88,315 40,500
Debtors 5 395,881 330,872
Cash at bank and in hand 351,228 135,616
835,424 506,988
CREDITORS
Amounts falling due within one year 6 305,683 300,490
NET CURRENT ASSETS 529,741 206,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,568

364,354

CREDITORS
Amounts falling due after more than one year 7 32,841 37,230
NET ASSETS 607,727 327,124

CAPITAL AND RESERVES
Called up share capital 68,575 68,575
Retained earnings 539,152 258,549
607,727 327,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Chrystal & Hill Limited (Registered number: SC036076)

Balance Sheet - continued
29 February 2024


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 29 August 2024 and were signed on its behalf by:





Mrs K Cunningham - Director


Chrystal & Hill Limited (Registered number: SC036076)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Chrystal & Hill Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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 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.

Chrystal & Hill Limited (Registered number: SC036076)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 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 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 261,774 385,220 646,994
Additions - 97,064 97,064
Disposals (261,774 ) (79,336 ) (341,110 )
At 29 February 2024 - 402,948 402,948
DEPRECIATION
At 1 March 2023 179,502 309,636 489,138
Charge for year - 26,085 26,085
Eliminated on disposal (179,502 ) (43,600 ) (223,102 )
At 29 February 2024 - 292,121 292,121
NET BOOK VALUE
At 29 February 2024 - 110,827 110,827
At 28 February 2023 82,272 75,584 157,856

Chrystal & Hill Limited (Registered number: SC036076)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 56,527
Additions 15,090
Disposals (20,532 )
At 29 February 2024 51,085
DEPRECIATION
At 1 March 2023 23,846
Charge for year 12,021
Eliminated on disposal (14,847 )
At 29 February 2024 21,020
NET BOOK VALUE
At 29 February 2024 30,065
At 28 February 2023 32,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 224,419 251,873
Other debtors 171,462 78,999
395,881 330,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,838 4,198
Trade creditors 201,849 207,342
Taxation and social security 66,708 67,220
Other creditors 19,288 11,730
305,683 300,490

Chrystal & Hill Limited (Registered number: SC036076)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 20,341 14,730
32,841 37,230

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mrs K Cunningham
Balance outstanding at start of year 34,662 5,596
Amounts advanced 85,551 74,635
Amounts repaid (47,712 ) (45,569 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,501 34,662

Mrs L Lamont
Balance outstanding at start of year 40,343 -
Amounts advanced 77,188 40,343
Amounts repaid (35,575 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,956 40,343