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Company Registration No. 02962055 (England and Wales)
Crystal Doors Limited Unaudited accounts for the year ended 31 May 2024
Crystal Doors Limited Unaudited accounts Contents
Page
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Crystal Doors Limited Company Information for the year ended 31 May 2024
Director
R S Hagan
Company Number
02962055 (England and Wales)
Registered Office
UNIT ONE TRANSPENINE TRADING ESTATE ROCHDALE OL11 2PX
Accountants
qbx- the quickbooks accountants South Cottage Wood Langham Market Rasen Lincolnshire LN8 3QR
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Crystal Doors Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
450,751 
240,819 
Current assets
Inventories
123,125 
191,469 
Debtors
1,057,576 
777,907 
Cash at bank and in hand
46,224 
136,050 
1,226,925 
1,105,426 
Creditors: amounts falling due within one year
(279,177)
(400,896)
Net current assets
947,748 
704,530 
Total assets less current liabilities
1,398,499 
945,349 
Creditors: amounts falling due after more than one year
(402,572)
- 
Provisions for liabilities
Deferred tax
(34,888)
- 
Net assets
961,039 
945,349 
Capital and reserves
Called up share capital
1,000 
1,000 
Capital redemption reserve
1 
1 
Profit and loss account
960,038 
944,348 
Shareholders' funds
961,039 
945,349 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
R S Hagan Director Company Registration No. 02962055
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Crystal Doors Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Crystal Doors Limited is a private company, limited by shares, registered in England and Wales, registration number 02962055. The registered office is UNIT ONE, TRANSPENINE TRADING ESTATE, ROCHDALE, OL11 2PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Purpose & Principles
At Crystal Doors, our purpose is based on three pillars: people, planet and profit. We believe our future viability as a business depends not only on our financial performance but also on: our role in the local community, supply chain and wider society as a responsible organisation, and our role in mitigating and building resilience to the climate and environmental emergency. As an Employer Crystal Doors Limited was sold in November 2023 to become a 100% Employee Owned Trust. Crystal Doors EOT Ltd provides all employees with a stake and profit share in Crystal Doors Ltd. Richard Hagans vision is to provide security, lifelong learning and career development for all employees. Underpinning employee security, the sale was to enable two significant investments: to provide all employees with an opportunity to buy their own home if renting or seek better homes if already home-owners, without paying more than the cost of their current home. Funding is from a joint mortgage from the asset value of Crystal Door factory premises. Personally, Richard Hagan has begun the build of his own home, less than a mile from the factory and with the aim of becoming Rochdales sustainability education experience. As a custodian of the environment. We are strongly committed to protecting the environment for future generations and continually improving our environmental performance. Gaining B Corp in April 2023 with a score within the world's top 5% at 130 points. Through our Managing Director, we are taking a lead role in the business community to encourage wider action. Environmental resilience. Customers and Suppliers are encouraged to register their environmental ambitions through our online portal and support is available through our free knowledge base at www.crystaldoors.co.uk/carbon-neutral.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum on cost
Plant & machinery
20% per annum on cost
Motor vehicles
25% per annum on net book value
Fixtures & fittings
17% per annum on cost
Computer equipment
33% per annum on cost
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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Crystal Doors Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
304,760 
2,735,822 
245,821 
141,090 
178,080 
3,605,573 
Additions
- 
353,495 
33,360 
- 
- 
386,855 
Disposals
- 
- 
(33,360)
- 
- 
(33,360)
At 31 May 2024
304,760 
3,089,317 
245,821 
141,090 
178,080 
3,959,068 
Depreciation
At 1 June 2023
231,761 
2,640,221 
188,903 
135,544 
168,325 
3,364,754 
Charge for the year
12,479 
109,303 
14,230 
1,925 
5,626 
143,563 
At 31 May 2024
244,240 
2,749,524 
203,133 
137,469 
173,951 
3,508,317 
Net book value
At 31 May 2024
60,520 
339,793 
42,688 
3,621 
4,129 
450,751 
At 31 May 2023
72,999 
95,601 
56,918 
5,546 
9,755 
240,819 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
177,997 
164,292 
Amounts due from group undertakings etc.
851,205 
258,858 
Accrued income and prepayments
18,054 
32,854 
Other debtors
10,320 
321,903 
1,057,576 
777,907 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,428 
- 
VAT
39,587 
57,276 
Obligations under finance leases and hire purchase contracts
- 
13,667 
Trade creditors
121,858 
194,162 
Taxes and social security
56,198 
86,883 
Other creditors
35,461 
45,443 
Accruals
3,645 
3,465 
279,177 
400,896 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
402,572 
- 
8
Average number of employees
During the year the average number of employees was 24 (2023: 28).
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