Registered number
05834423
CRYSTAL CLEAR MEDIA LTD
Filleted Accounts
31 July 2024
CRYSTAL CLEAR MEDIA LTD
Registered number: 05834423
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 661,287 569,900
Current assets
Debtors 4 621 907
Cash at bank and in hand 1,720 2,694
2,341 3,601
Creditors: amounts falling due within one year 5 (419,767) (389,177)
Net current liabilities (417,426) (385,576)
Net assets 243,861 184,324
Capital and reserves
Called up share capital 10 10
Profit and loss account 243,851 184,314
Shareholders' funds 243,861 184,324
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Sheppard
Director
Approved by the board on 11 March 2025
CRYSTAL CLEAR MEDIA LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 August 2023 569,064 5,173 574,237
Additions 284,736 1,456 286,192
Disposals (194,232) - (194,232)
At 31 July 2024 659,568 6,629 666,197
Depreciation
At 1 August 2023 - 4,337 4,337
Charge for the year - 573 573
At 31 July 2024 - 4,910 4,910
Net book value
At 31 July 2024 659,568 1,719 661,287
At 31 July 2023 569,064 836 569,900
4 Debtors 2024 2023
£ £
Other debtors 621 907
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,440 1,000
Trade creditors 7,415 -
Taxation and social security costs 16,570 834
Other creditors 394,342 387,343
419,767 389,177
6 Controlling party
The directors own 100% of the ordinary share capital and therefore have joint control over the
company.
7 Other information
CRYSTAL CLEAR MEDIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Lambourne Crescent
Bicester
Oxfordshire
OX26 6QG
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