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REGISTERED NUMBER: 04350097 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

CRYSTAL MOUNTAIN PRODUCTS LIMITED

CRYSTAL MOUNTAIN PRODUCTS LIMITED (REGISTERED NUMBER: 04350097)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRYSTAL MOUNTAIN PRODUCTS LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2024







DIRECTOR: Mr T Liccioni





SECRETARY: Ms C Limb





REGISTERED OFFICE: Fence House
Fence Avenue
Macclesfield
Cheshire
SK10 1LT





REGISTERED NUMBER: 04350097 (England and Wales)





AUDITORS: KAY JOHNSON GEE LIMITED
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
1 City Road East
Manchester
Lancashire
M15 4PN

CRYSTAL MOUNTAIN PRODUCTS LIMITED (REGISTERED NUMBER: 04350097)

BALANCE SHEET
31st December 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,137 10,632

CURRENT ASSETS
Stocks 330,570 258,572
Debtors 5 82,771 115,474
Cash at bank 213,718 444,837
627,059 818,883
CREDITORS
Amounts falling due within one year 6 (232,411 ) (94,242 )
NET CURRENT ASSETS 394,648 724,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,785

735,273

PROVISIONS FOR LIABILITIES (1,784 ) (2,658 )
NET ASSETS 400,001 732,615

CAPITAL AND RESERVES
Called up share capital 8 400,001 400,001
Retained earnings - 332,614
SHAREHOLDERS' FUNDS 400,001 732,615

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 12th May 2025 and were signed by:





Mr T Liccioni - Director


CRYSTAL MOUNTAIN PRODUCTS LIMITED (REGISTERED NUMBER: 04350097)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

Crystal Mountain Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04350097. The address of the registered office and principal place of business is Fence House, Fence Avenue, Macclesfield, Cheshire, SK10 1LT.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts recognised by the company in respect of goods supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the sale of water dispenser units and accessories, which are recognised at the point of which the goods are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and fittings-15% on cost
Computer equipment-33% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are stated at the lower of cost and selling price less cost of selling, after making due allowance for
obsolete and slow-moving stocks.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


CRYSTAL MOUNTAIN PRODUCTS LIMITED (REGISTERED NUMBER: 04350097)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Assets that are held by the Company under leases which transfer to the Company substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the statements of financial position as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability, finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs . Contingent rentals are recognised as expenses in the periods in which they are incurred.

Operating lease payments are recognised as an expense on straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

3. EMPLOYEES AND DIRECTORS

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

CRYSTAL MOUNTAIN PRODUCTS LIMITED (REGISTERED NUMBER: 04350097)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024 32 12,411 12,443
Additions - 860 860
Disposals - (260 ) (260 )
At 31st December 2024 32 13,011 13,043
DEPRECIATION
At 1st January 2024 8 1,803 1,811
Charge for year 5 4,227 4,232
Eliminated on disposal - (137 ) (137 )
At 31st December 2024 13 5,893 5,906
NET BOOK VALUE
At 31st December 2024 19 7,118 7,137
At 31st December 2023 24 10,608 10,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 63,543 95,331
Other debtors 19,228 20,143
82,771 115,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 14,654 23,577
Amounts owed to group undertakings 94,622 18,915
Taxation and social security 64,161 33,354
Other creditors 58,974 18,396
232,411 94,242

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 3,432 6,864
Between one and five years - 3,432
3,432 10,296

CRYSTAL MOUNTAIN PRODUCTS LIMITED (REGISTERED NUMBER: 04350097)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
400,001 Ordinary £1.00 400,001 400,001

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Butt (Senior Statutory Auditor)
for and on behalf of KAY JOHNSON GEE LIMITED

10. POST BALANCE SHEET EVENTS

Post year end, the company was sold to Trefle Group Sarl Limited, a company which is registered
in France. The transfer of ownership was completed 1 January 2025.

11. ULTIMATE CONTROLLING PARTY

During the period of these accounts, the company was a wholly owned subsidiary of Crystal Mountain Products Limited which is registered in Canada, a company of which Mr D Rivard is a director and shareholder.

The parent company of the largest and smallest group that includes the company and for which group financial statements are prepared is Crystal Mountain Products Limited, this also the ultimate holding company. Copies of these financial statements can be obtained from the registered office at Carnegie Drive, Suite 234, St Albert, Alberta, Canada, T8N 5A7.

From 1 January 2025 the company was a wholly owned subsidiary of Trefle Group Sarl Limited which is registered in France.