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Registration number: 09443985

Crystal Vehicle Rental Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Crystal Vehicle Rental Services Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Crystal Vehicle Rental Services Limited

(Registration number: 09443985)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 5 | 48,070 | 48,070
Debtors | 6 | 28,884 | 47,049
Cash at bank and in hand |  | 2,535 | 10,594
|  | 79,489 | 105,713
Creditors: Amounts falling due within one year | 7 | (49,892) | (61,920)
Total assets less current liabilities |  | 29,597 | 43,793
Creditors: Amounts falling due after more than one year | 7 | (38,938) | (41,371)
Net (liabilities)/assets |  | (9,341) | 2,422
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (9,441) | 2,322
Shareholders' (deficit)/funds |  | (9,341) | 2,422

Crystal Vehicle Rental Services Limited

(Registration number: 09443985)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:

......................................... Mr QA Jameel Director

Crystal Vehicle Rental Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Rawson Street
Farnworth
Bolton
BL4 7RJ
United Kingdom

These financial statements were authorised for issue by the Board on 26 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders that they will continue to give financial support to the company for twelve months from the date of signing these accounts.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above may not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Crystal Vehicle Rental Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 25% Reducing balance method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Crystal Vehicle Rental Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Tangible assets

| Plant & Machinery £ | Total £
Cost or valuation
At 1 March 2024 | 4,500 | 4,500
At 28 February 2025 | 4,500 | 4,500
Depreciation
At 1 March 2024 | 4,500 | 4,500
At 28 February 2025 | 4,500 | 4,500
Carrying amount
At 28 February 2025 | - | -

Crystal Vehicle Rental Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 48,070 | 48,070

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 8 | 26,169 | 26,169
Other debtors |  | 2,715 | 20,880
|  | 28,884 | 47,049

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 8 | 26,169 | 26,169
Other debtors |  | 2,715 | 20,880
|  | 28,884 | 47,049

Crystal Vehicle Rental Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 6,371 | 10,310
Trade creditors |  | 35,914 | 31,185
Taxation and social security |  | 6,007 | 18,605
Accruals and deferred income |  | 1,600 | 1,600
Other creditors |  | - | 220
|  | 49,892 | 61,920

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 38,938 | 41,371

8 | Related party transactions

Transactions with directors

2025 | At 1 March 2024 £ | Advances to director £ | Repayments by director £ | At 28 February 2025 £
Mr QA Jameel
Balance owed to the director | (20,880) | (23,577) | 47,172 | 2,715