Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08375291 Mrs S A Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08375291 2023-05-31 08375291 2024-05-31 08375291 2023-06-01 2024-05-31 08375291 frs-core:CurrentFinancialInstruments 2024-05-31 08375291 frs-core:ComputerEquipment 2024-05-31 08375291 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08375291 frs-core:ComputerEquipment 2023-05-31 08375291 frs-core:FurnitureFittings 2024-05-31 08375291 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08375291 frs-core:FurnitureFittings 2023-05-31 08375291 frs-core:ShareCapital 2024-05-31 08375291 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08375291 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08375291 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08375291 frs-bus:SmallEntities 2023-06-01 2024-05-31 08375291 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08375291 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08375291 frs-bus:Director1 2023-06-01 2024-05-31 08375291 frs-countries:EnglandWales 2023-06-01 2024-05-31 08375291 2022-05-31 08375291 2023-05-31 08375291 2022-06-01 2023-05-31 08375291 frs-core:CurrentFinancialInstruments 2023-05-31 08375291 frs-core:ShareCapital 2023-05-31 08375291 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08375291
Crystal Vapours Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08375291
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 3,180 5,000
Debtors 6 17,083 10,936
Cash at bank and in hand 14,503 62,074
34,766 78,010
Creditors: Amounts Falling Due Within One Year 7 (66,246 ) (88,832 )
NET CURRENT ASSETS (LIABILITIES) (31,480 ) (10,822 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,480 ) (10,822 )
NET LIABILITIES (31,480 ) (10,822 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (31,580 ) (10,922 )
SHAREHOLDERS' FUNDS (31,480) (10,822)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S A Brown
Director
27 February 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Crystal Vapours Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08375291 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings 25% Straight Line
Computer equipment 33% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
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Page 3
4. Tangible Assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
As at 1 June 2023 465 8,308 8,773
As at 31 May 2024 465 8,308 8,773
Depreciation
As at 1 June 2023 465 8,308 8,773
As at 31 May 2024 465 8,308 8,773
Net Book Value
As at 31 May 2024 - - -
As at 1 June 2023 - - -
5. Stocks
2024 2023
£ £
Finished goods 3,180 5,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,343 -
Deferred tax current asset 15,740 10,936
17,083 10,936
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,114 2,238
Other taxes and social security 302 553
VAT 2,023 5,573
Accruals and deferred income 2,744 3,141
Director's loan account 51,063 77,327
66,246 88,832
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
9. Related Party Transactions
The following related party transactions were undertaken during the year:
A director withdrew amounts totalling £27,576 (2023: £15,600) and repaid amounts totalling £1,312 (2023: £1450). At the balance sheet date the amount payable was £51,063 (2023: £77,327).
No dividends were paid to the directors in respect of their shareholdings totalling.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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