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REGISTERED NUMBER: 05486190 (England and Wales)












REPORT OF THE DIRECTOR AND


ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024

FOR

CREST ACCOUNTANCY SERVICES LTD

CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024










Page

Company Information 1

Report of the Director 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


CREST ACCOUNTANCY SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024







DIRECTOR: Mr G Corakas





SECRETARY: Mr A Economou (Deceased)





REGISTERED OFFICE: Sterling House
Fulbourne Road
London
E17 4EE





REGISTERED NUMBER: 05486190 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

REPORT OF THE DIRECTOR
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024


The director presents his report with the financial statements of the company for the period 1 June 2023 to 31 October 2024.

DIVIDENDS
Interim dividends per share were paid during the period as follows:
Ordinary Shares A £1 - £75.33 - 31 October 2024
Ordinary Shares C £1 - 1725 - 31 October 2024

The total distribution of dividends for the period ended 31 October 2024 will be £ 45,800 .

DIRECTORS
Mr G Corakas has held office during the whole of the period from 1 June 2023 to the date of this report.

Other changes in directors holding office are as follows:

Mr A Economou (Deceased) - deceased 14 September 2024

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

ON BEHALF OF THE BOARD:





Mr G Corakas - Director


20 January 2025

CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

ABRIDGED BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 200

CURRENT ASSETS
Debtors 3,345 6,049
Cash at bank 12,808 18,339
16,153 24,388
CREDITORS
Amounts falling due within one year 13,830 9,234
NET CURRENT ASSETS 2,323 15,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,323

15,354

CREDITORS
Amounts falling due after more than one
year

1,981

4,256
NET ASSETS 342 11,098

CAPITAL AND RESERVES
Called up share capital 6 220 220
Retained earnings 7 122 10,878
SHAREHOLDERS' FUNDS 342 11,098

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr G Corakas - Director


CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024


1. STATUTORY INFORMATION

Crest Accountancy Services 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
The financial statements for the year ended 31 October 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 June 2023.

Turnover
Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,899
Disposals (1,899 )
At 31 October 2024 -
DEPRECIATION
At 1 June 2023 1,699
Eliminated on disposal (1,699 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 May 2023 200

5. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,611 1,611

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,652 1,652

Amounts falling due between two and five years:
Bank loans - 2-5 years 329 2,604

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.5.23
value: £    £   
150 Ordinary Shares A £1 150 150
50 Ordinary Shares B £1 50 50
20 Ordinary Shares C £1 20 20
220 220

CREST ACCOUNTANCY SERVICES LTD (REGISTERED NUMBER: 05486190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2024


7. RESERVES
Retained
earnings
£   

At 1 June 2023 10,878
Profit for the period 35,044
Dividends (45,800 )
At 31 October 2024 122

8. FIRST YEAR ADOPTION

In the transition to FRS 102 Section 1A from FRS 105, there were no material measurement and recognition adjustments required in the current or previous year.