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REGISTERED NUMBER: 06278415 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2023

for

Crest Washroom Systems Ltd

Crest Washroom Systems Ltd (Registered number: 06278415)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crest Washroom Systems Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTOR: D M Collier





SECRETARY: Mrs B J Collier





REGISTERED OFFICE: 14 Eelmoor Road
Farnborough
Hampshire
GU14 7QN





REGISTERED NUMBER: 06278415 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Crest Washroom Systems Ltd (Registered number: 06278415)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,303 2,879

CURRENT ASSETS
Stocks - 23,375
Debtors 5 115,795 98,667
Cash at bank and in hand 4,032 1,212
119,827 123,254
CREDITORS
Amounts falling due within one year 6 96,246 94,462
NET CURRENT ASSETS 23,581 28,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,884

31,671

CREDITORS
Amounts falling due after more than
one year

7

24,167

34,167
NET ASSETS/(LIABILITIES) 1,717 (2,496 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 1,617 (2,596 )
SHAREHOLDERS' FUNDS 1,717 (2,496 )

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 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.

Crest Washroom Systems Ltd (Registered number: 06278415)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





D M Collier - Director


Crest Washroom Systems Ltd (Registered number: 06278415)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Crest Washroom Systems Ltd 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.

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 etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Crest Washroom Systems Ltd (Registered number: 06278415)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 80,992
DEPRECIATION
At 1 January 2023 78,113
Charge for year 576
At 31 December 2023 78,689
NET BOOK VALUE
At 31 December 2023 2,303
At 31 December 2022 2,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 104,192 90,163
Other debtors 11,603 8,504
115,795 98,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 24,023 30,018
Taxation and social security 13,830 7,557
Other creditors 58,393 56,887
96,246 94,462

Crest Washroom Systems Ltd (Registered number: 06278415)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 24,167 34,167

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Factoring loan 52,737 53,972

The factoring loan at 31 December 2023 represents the net balance of funds drawn against trade debtors sold to LLoyds TSB Commercial Finance Limited at that date. Under the terms of the factoring agreement the ownership of all book debts is automatically vested in LLoyds TSB Commercial Finance Limited and remain secured by a fixed and floating debenture registered at Companies House on 8 March 2008.

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (2,596 )
Profit for the year 36,213
Dividends (32,000 )
At 31 December 2023 1,617

10. ULTIMATE CONTROLLING PARTY

The controlling party is D M Collier.