Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31No description of principal activity2023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09369421 2023-01-01 2023-12-31 09369421 2022-01-01 2022-12-31 09369421 2023-12-31 09369421 2022-12-31 09369421 c:Director1 2023-01-01 2023-12-31 09369421 d:CurrentFinancialInstruments 2023-12-31 09369421 d:CurrentFinancialInstruments 2022-12-31 09369421 d:Non-currentFinancialInstruments 2023-12-31 09369421 d:Non-currentFinancialInstruments 2022-12-31 09369421 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09369421 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09369421 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09369421 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09369421 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09369421 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09369421 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09369421 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09369421 d:ShareCapital 2023-12-31 09369421 d:ShareCapital 2022-12-31 09369421 d:RetainedEarningsAccumulatedLosses 2023-12-31 09369421 d:RetainedEarningsAccumulatedLosses 2022-12-31 09369421 c:FRS102 2023-01-01 2023-12-31 09369421 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09369421 c:FullAccounts 2023-01-01 2023-12-31 09369421 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09369421 2 2023-01-01 2023-12-31 09369421 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09369421









CRYSTAL SOLVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CRYSTAL SOLVE LIMITED
REGISTERED NUMBER: 09369421

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
111,377
131,669

Cash at bank and in hand
 5 
4,013
274

  
115,390
131,943

Creditors: amounts falling due within one year
 6 
(128,861)
(116,080)

Net current (liabilities)/assets
  
 
 
(13,471)
 
 
15,863

Total assets less current liabilities
  
(13,471)
15,863

Creditors: amounts falling due after more than one year
 7 
(20,616)
(25,465)

  

Net liabilities
  
(34,087)
(9,602)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(34,088)
(9,603)

  
(34,087)
(9,602)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 June 2025.




Page 1

 
CRYSTAL SOLVE LIMITED
REGISTERED NUMBER: 09369421
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

................................................
Obinna Ugochukwu Osuagwu
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CRYSTAL SOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The legal form of the entity is a private company limited by share capital, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CRYSTAL SOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
CRYSTAL SOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
111,377
131,669

111,377
131,669



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,013
274

4,013
274



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,904
8,881

Corporation tax
-
5,526

Other taxation and social security
89,057
59,022

Other creditors
25,950
38,451

Accruals and deferred income
5,950
4,200

128,861
116,080



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,688
19,749

Other loans
928
5,716

20,616
25,465


Page 5

 
CRYSTAL SOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,904
8,881


7,904
8,881

Amounts falling due 1-2 years

Bank loans
10,107
9,676


10,107
9,676

Amounts falling due 2-5 years

Bank loans
9,581
10,073

Other loans
928
5,716


10,509
15,789


28,520
34,346


 
Page 6