Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-02-01false33false SC495517 2023-02-01 2024-01-31 SC495517 2022-02-01 2023-01-31 SC495517 2024-01-31 SC495517 2023-01-31 SC495517 c:Director1 2023-02-01 2024-01-31 SC495517 c:Director2 2023-02-01 2024-01-31 SC495517 c:RegisteredOffice 2023-02-01 2024-01-31 SC495517 d:PlantMachinery 2023-02-01 2024-01-31 SC495517 d:PlantMachinery 2024-01-31 SC495517 d:PlantMachinery 2023-01-31 SC495517 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC495517 d:OfficeEquipment 2023-02-01 2024-01-31 SC495517 d:OfficeEquipment 2024-01-31 SC495517 d:OfficeEquipment 2023-01-31 SC495517 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC495517 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC495517 d:CurrentFinancialInstruments 2024-01-31 SC495517 d:CurrentFinancialInstruments 2023-01-31 SC495517 d:Non-currentFinancialInstruments 2024-01-31 SC495517 d:Non-currentFinancialInstruments 2023-01-31 SC495517 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC495517 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC495517 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC495517 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC495517 d:ShareCapital 2024-01-31 SC495517 d:ShareCapital 2023-01-31 SC495517 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC495517 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC495517 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC495517 c:OrdinaryShareClass1 2024-01-31 SC495517 c:OrdinaryShareClass1 2023-01-31 SC495517 c:OrdinaryShareClass2 2023-02-01 2024-01-31 SC495517 c:OrdinaryShareClass2 2024-01-31 SC495517 c:OrdinaryShareClass2 2023-01-31 SC495517 c:FRS102 2023-02-01 2024-01-31 SC495517 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC495517 c:FullAccounts 2023-02-01 2024-01-31 SC495517 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC495517 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC495517










CRISTAL SELF STORAGE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
CRISTAL SELF STORAGE LTD
 

COMPANY INFORMATION


Directors
Mr F J Fraser 
Mrs L A Fraser 




Registered number
SC495517



Registered office
1 George Square
Castle Brae

Dunfermline

KY11 8QF




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CRISTAL SELF STORAGE LTD
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 
CRISTAL SELF STORAGE LTD
REGISTERED NUMBER: SC495517

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
66,156
75,508

  
66,156
75,508

Current assets
  

Debtors: amounts falling due within one year
  
5,546
10,353

Bank and cash balances
  
70,703
75,705

  
76,249
86,058

Creditors: amounts falling due within one year
  
(139,177)
(147,527)

Net current liabilities
  
 
 
(62,928)
 
 
(61,469)

Total assets less current liabilities
  
3,228
14,039

Creditors: amounts falling due after more than one year
  
(5,667)
(9,667)

Provisions for liabilities
  

Deferred tax
  
-
(2,020)

  
 
 
-
 
 
(2,020)

Net (liabilities)/assets
  
(2,439)
2,352


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(2,441)
2,350

  
(2,439)
2,352


Page 1

 
CRISTAL SELF STORAGE LTD
REGISTERED NUMBER: SC495517

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




Mr F J Fraser
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CRISTAL SELF STORAGE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cristal Self Storage Limited is a private company, limited by shares, domiciled in Scotland with registration number SC495517. The registered office is 1 George Square, Castle Brae, Dunfermline, Fife, United Kingdom, KY11 8QF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 January 2024 the balance sheet reports a net liability position. The company can only continue to operate with the support of the directors, who have confirmed that they will continue to support the company for the foreseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CRISTAL SELF STORAGE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Reducing balance
Office equipment
-
33%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CRISTAL SELF STORAGE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
3
3


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
226,165
1,352
227,517


Additions
1,677
818
2,495



At 31 January 2024

227,842
2,170
230,012



Depreciation


At 1 February 2023
150,657
1,352
152,009


Charge for the year on owned assets
11,577
270
11,847



At 31 January 2024

162,234
1,622
163,856



Net book value



At 31 January 2024
65,608
548
66,156


5.


Debtors

2024
2023
£
£


Trade debtors
2,686
5,613

Other debtors
244
503

Prepayments and accrued income
2,616
4,237

5,546
10,353


Page 5

 
CRISTAL SELF STORAGE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,000
4,000

Trade creditors
57
150

Other taxation and social security
173
142

Other creditors
129,365
139,268

Accruals and deferred income
5,582
3,967

139,177
147,527


Loan Security
Bank of Scotland Plc hold a floating charge over all assets of the company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,667
9,667

5,667
9,667


Loan Security
Bank of Scotland Plc hold a floating charge over all assets of the company.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) A Ordinary share of £1.00
1
1
1 (2023 - 1) B Ordinary share of £1.00
1
1

2

2



Page 6