REGISTERED NUMBER: 04961014 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

CRYSTAL FINANCIAL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J G R Shah

SECRETARY:

N Shah

REGISTERED OFFICE:

Congress House

Lyon Road

Harrow

Middlesex

HA1 2EJ

REGISTERED NUMBER:

04961014 (England and Wales)

ACCOUNTANTS:

Haria & Co

121 Somervell Road

South Harrow

Middlesex

HA2 8TZ

FIXED ASSETS

Intangible assets

4

1

27,592

Tangible assets

5

1,274

1,698

1,275

29,290

CURRENT ASSETS

Debtors

6

912,051

427,951

Cash at bank and in hand

229,137

470,526

1,141,188

898,477

CREDITORS

Amounts falling due within one year

7

330,417

271,274

NET CURRENT ASSETS

810,771

627,203

TOTAL ASSETS LESS CURRENT LIABILITIES

812,046

656,493

PROVISIONS FOR LIABILITIES

107

107

NET ASSETS

811,939

656,386

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

811,689

656,136

SHAREHOLDERS' FUNDS

811,939

656,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

J G R Shah - Director

1.	STATUTORY INFORMATION

Crystal Financial Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents net commissions and fees received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and not provided

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

473,000

AMORTISATION

At 1 January 2024

445,408

Charge for year

27,591

At 31 December 2024

472,999

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

27,592

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

17,980

DEPRECIATION

At 1 January 2024

16,282

Charge for year

424

At 31 December 2024

16,706

NET BOOK VALUE

At 31 December 2024

1,274

At 31 December 2023

1,698

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

912,051

427,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

17,701

16,826

Taxation and social security

214,602

168,250

Other creditors

98,114

86,198

330,417

271,274

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY