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REGISTERED NUMBER: 04705171 (England and Wales)









Unaudited Financial Statements

for the Period 1 April 2023 to 30 May 2024

for

CRS VAT Consulting Limited

CRS VAT Consulting Limited (Registered number: 04705171)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRS VAT Consulting Limited

Company Information
for the Period 1 April 2023 to 30 May 2024







DIRECTOR: Mr C R Silk





SECRETARY: Mrs S L Silk





REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR





REGISTERED NUMBER: 04705171 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

CRS VAT Consulting Limited (Registered number: 04705171)

Balance Sheet
30 May 2024

30.5.24 31.3.23
Notes £ £
FIXED ASSETS
Tangible assets 4 7,422 4,365

CURRENT ASSETS
Debtors 5 387,296 558,997
Cash at bank 78,315 6,274
465,611 565,271
CREDITORS
Amounts falling due within one year 6 (362,737 ) (321,965 )
NET CURRENT ASSETS 102,874 243,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,296

247,671

PROVISIONS FOR LIABILITIES (1,329 ) (727 )
NET ASSETS 108,967 246,944

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 108,867 246,844
SHAREHOLDERS' FUNDS 108,967 246,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:




Mr R C McNeilly - Director


CRS VAT Consulting Limited (Registered number: 04705171)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 May 2024

1. STATUTORY INFORMATION

CRS VAT Consulting 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reduce balance basis

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.

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 period was 10 (2023 - 9 ) .

CRS VAT Consulting Limited (Registered number: 04705171)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023 68,936
Additions 5,696
Disposals (183 )
At 30 May 2024 74,449
DEPRECIATION
At 1 April 2023 64,571
Charge for period 2,475
Eliminated on disposal (19 )
At 30 May 2024 67,027
NET BOOK VALUE
At 30 May 2024 7,422
At 31 March 2023 4,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 31.3.23
£ £
Trade debtors 352,168 542,270
Amounts owed by group undertakings - 4,945
Other debtors 35,128 11,782
387,296 558,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 31.3.23
£ £
Trade creditors 25,092 34,906
Amounts owed to group undertakings 209,415 -
Taxation and social security 64,570 274,839
Other creditors 63,660 12,220
362,737 321,965

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.5.24 31.3.23
value: £ £
100 Ordinary £1 100 100

CRS VAT Consulting Limited (Registered number: 04705171)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 May 2024 and the year ended 31 March 2023:

30.5.24 31.3.23
£ £
Mr C R Silk
Balance outstanding at start of period (74 ) (161 )
Amounts advanced 10,492 399
Amounts repaid (156 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10,262 (74 )

The above loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

At the year end, the company was owed £9,862 by Mrs S Silk (2023 - £475 was owed to Mrs S Silk).

CRS VAT Holdings Ltd
Parent company

CRS VAT Holdings Ltd is registered in England and Wales and the company registration number is 11948308.

The registered office address of CRS VAT Holdings Ltd is Unit 7 Mulberry Place, Pinnell Road, Eltham, London, SE9 6AR.

The company declared and paid dividends during the period to CRS VAT Holdings Ltd, totalling £751,000 (2023 - £800,000).

At the year end, the company owes £209,415 to CRS VAT Holdings Ltd (2023 - 4,945 was owed by CRS VAT Holdings Ltd). This loan carries no interest and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Mr C Silk & Mrs S L Silk are the controlling parties by virtue of their shareholdings in CRS VAT Holdings Ltd.