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REGISTERED NUMBER: 02810515 (England and Wales)















Audited Financial Statements for the Year Ended 30 June 2024

for

Crest Ultrasonics Europe Limited

Crest Ultrasonics Europe Limited (Registered number: 02810515)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Crest Ultrasonics Europe Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: L Casey
M J P Downing
S A Hassan
D Casey
B D Kivisto





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 02810515 (England and Wales)





AUDITORS: Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Crest Ultrasonics Europe Limited (Registered number: 02810515)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 36,032 38,297
Debtors 5 715 64
Cash at bank 158,812 172,433
195,559 210,794
CREDITORS
Amounts falling due within one year 6 2,749 3,049
NET CURRENT ASSETS 192,810 207,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,810

207,745

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 232,000 232,000
Retained earnings (40,190 ) (25,255 )
SHAREHOLDERS' FUNDS 192,810 207,745

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





L Casey - Director


Crest Ultrasonics Europe Limited (Registered number: 02810515)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Crest Ultrasonics Europe Limited 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.

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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

2,750

3,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 715 64

Crest Ultrasonics Europe Limited (Registered number: 02810515)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,749 3,049

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry

9. RELATED PARTY DISCLOSURES

All of the following companies are related by the fact that they are ultimately controlled by Crestek Inc. USA. Transactions with group companies are undertaken under normal commercial terms.

Financial information on transactions and balances between related parties are as follows:

CC Hydrosonics Limited
CC Hydrosonics Limited purchased £2,639 (2023: £364) of goods and services from Crest Ultrasonics Europe Limited during the year. Amount due from CC Hydrosonics Limited at the year end amounted to £nil (2023: £nil).

CC Hydrosonics Limited supplied £15,476 (2023: £nil) of goods and services to Crest Ultrasonics Europe Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £nil (2023: £nil).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Crestek Inc, incorporated in USA.

The ultimate controlling party is Mr James Michael Goodson.