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REGISTERED NUMBER: 06931994 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Crystal Bar Equipment Ltd

Crystal Bar Equipment Ltd (Registered number: 06931994)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crystal Bar Equipment Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P M Simpson





SECRETARY: Casered Ltd





REGISTERED OFFICE: Suites 5 & 6, The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 06931994 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Crystal Bar Equipment Ltd (Registered number: 06931994)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 99,183 37,675
99,183 37,675

CURRENT ASSETS
Stocks 6 73,800 71,500
Debtors 7 65,760 38,308
Cash at bank 80,866 154,335
220,426 264,143
CREDITORS
Amounts falling due within one year 8 274,553 274,782
NET CURRENT LIABILITIES (54,127 ) (10,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,056

27,036

PROVISIONS FOR LIABILITIES 9 26,893 8,752
NET ASSETS 18,163 18,284

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 18,063 18,184
SHAREHOLDERS' FUNDS 18,163 18,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Crystal Bar Equipment Ltd (Registered number: 06931994)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





P M Simpson - Director


Crystal Bar Equipment Ltd (Registered number: 06931994)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Crystal Bar Equipment 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 6 (2023 - 5 ) .

Crystal Bar Equipment Ltd (Registered number: 06931994)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 9,800
AMORTISATION
At 1 April 2023
and 31 March 2024 9,800
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 8,991 15,444 70,422 6,528 101,385
Additions - 2,328 83,496 832 86,656
Disposals - - (36,423 ) - (36,423 )
At 31 March 2024 8,991 17,772 117,495 7,360 151,618
DEPRECIATION
At 1 April 2023 8,991 5,323 43,008 6,388 63,710
Charge for year - 1,703 15,652 230 17,585
Eliminated on disposal - - (28,860 ) - (28,860 )
At 31 March 2024 8,991 7,026 29,800 6,618 52,435
NET BOOK VALUE
At 31 March 2024 - 10,746 87,695 742 99,183
At 31 March 2023 - 10,121 27,414 140 37,675

6. STOCKS
31.3.24 31.3.23
£    £   
Stock on hand 73,800 71,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,127 18,160
Other debtors 32,633 20,148
65,760 38,308

Crystal Bar Equipment Ltd (Registered number: 06931994)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 14,540 13,905
Amounts owed to group undertakings 155,105 127,104
Taxation and social security 67,940 101,954
Other creditors 36,968 31,819
274,553 274,782

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 26,893 8,752

Deferred
tax
£   
Balance at 1 April 2023 8,752
Charge to Statement of Income and Retained Earnings during year 18,141
Balance at 31 March 2024 26,893

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

Sky Beach Holdings Ltd is regarded by the director as being the company's ultimate parent company.