2 22/01/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-01-22 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14608934 2023-01-22 2024-01-31 14608934 2024-01-31 14608934 2023-01-21 14608934 bus:Director1 2023-01-22 2024-01-31 14608934 core:FurnitureFittingsToolsEquipment 2024-01-31 14608934 core:ShareCapital 2023-01-22 2024-01-31 14608934 core:RetainedEarningsAccumulatedLosses 2023-01-22 2024-01-31 14608934 core:WithinOneYear 2024-01-31 14608934 core:ShareCapital 2024-01-31 14608934 core:RetainedEarningsAccumulatedLosses 2024-01-31 14608934 core:PreviouslyStatedAmount core:ShareCapital 2024-01-31 14608934 core:FurnitureFittingsToolsEquipment 2023-01-22 2024-01-31 14608934 bus:Director1 2024-01-31 14608934 bus:SmallEntities 2023-01-22 2024-01-31 14608934 bus:AuditExempt-NoAccountantsReport 2023-01-22 2024-01-31 14608934 bus:SmallCompaniesRegimeForAccounts 2023-01-22 2024-01-31 14608934 bus:PrivateLimitedCompanyLtd 2023-01-22 2024-01-31 14608934 bus:FullAccounts 2023-01-22 2024-01-31
Company registration number: 14608934
Crest Advisory Services Ltd
Unaudited filleted financial statements
31 January 2024
Crest Advisory Services Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Crest Advisory Services Ltd
Statement of financial position
31 January 2024
31/01/24
Note £ £
Fixed assets
Tangible assets 5 1,270
_______
1,270
Current assets
Debtors 6 449
Cash at bank and in hand 11,821
_______
12,270
Creditors: amounts falling due
within one year 7 ( 10,106)
_______
Net current assets 2,164
_______
Total assets less current liabilities 3,434
_______
Net assets 3,434
_______
Capital and reserves
Called up share capital 1
Profit and loss account 3,433
_______
Shareholders funds 3,434
_______
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 October 2024 , and are signed on behalf of the board by:
Mr M N Osborne
Director
Company registration number: 14608934
Crest Advisory Services Ltd
Statement of changes in equity
Period ended 31 January 2024
Called up share capital Profit and loss account
£ £
At 22 January 2023 - -
Profit for the period 37,633
_______ _______
Total comprehensive income for the period - 37,633
Issue of shares 1
Dividends paid and payable ( 34,200)
_______ _______
Total investments by and distributions to owners 1 ( 34,200)
_______ _______
At 31 January 2024 1 3,433
_______ _______
Crest Advisory Services Ltd
Notes to the financial statements
Period ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Oak Cottages, Brede Rye, TN31 6DY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 22 January 2023 - -
Additions 1,647 1,647
_______ _______
At 31 January 2024 1,647 1,647
_______ _______
Depreciation
At 22 January 2023 - -
Charge for the year 377 377
_______ _______
At 31 January 2024 377 377
_______ _______
Carrying amount
At 31 January 2024 1,270 1,270
_______ _______
6. Debtors
31/01/24
£
Other debtors 449
_______
7. Creditors: amounts falling due within one year
31/01/24
£
Corporation tax 8,720
Other creditors 1,386
_______
10,106
_______
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 31/01/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr M N Osborne - ( 186) ( 186)
_______ _______ _______