Crayon Financial Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09176213 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Crayon Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Sethi

REGISTERED OFFICE:

1 Agincourt Villas

Uxbridge Road

Hillingdon

Middlesex

UB10 0NX

REGISTERED NUMBER:

09176213 (England and Wales)

ACCOUNTANTS:

SK Associates Ltd

1 Agincourt Villas

Uxbridge Road

Hillingdon

Middlesex

UB10 0NX

FIXED ASSETS

Tangible assets

4

28,583

35,688

CURRENT ASSETS

Debtors

5

526,735

552,395

Prepayments and accrued income

796

1,181

Cash at bank

3,073

9,777

530,604

563,353

CREDITORS

Amounts falling due within one year

6

143,408

175,628

NET CURRENT ASSETS

387,196

387,725

TOTAL ASSETS LESS CURRENT
LIABILITIES

415,779

423,413

CREDITORS

Amounts falling due after more than
one year

7

-

(19,449

)

PROVISIONS FOR LIABILITIES

(6,589

)

(6,589

)

NET ASSETS

409,190

397,375

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

409,090

397,275

409,190

397,375

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 11 September 2025 and were signed by:

S Sethi - Director

1.	STATUTORY INFORMATION

Crayon Financial Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Long leasehold

-

in accordance with the property

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 January 2024

and 31 December 2024

2,524

9,566

13,254

DEPRECIATION

At 1 January 2024

1,514

8,030

10,880

Charge for year

169

307

475

At 31 December 2024

1,683

8,337

11,355

NET BOOK VALUE

At 31 December 2024

841

1,229

1,899

At 31 December 2023

1,010

1,536

2,374

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

40,000

17,970

83,314

DEPRECIATION

At 1 January 2024

14,400

12,802

47,626

Charge for year

5,120

1,034

7,105

At 31 December 2024

19,520

13,836

54,731

NET BOOK VALUE

At 31 December 2024

20,480

4,134

28,583

At 31 December 2023

25,600

5,168

35,688

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

247,180

172,840

Other debtors

279,555

379,555

526,735

552,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

-

33,345

Trade creditors

20,570

Taxation and social security

4,216

15,299

Other creditors

118,622

106,414

143,408

175,628

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Bank loans

-

19,449

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

S Sethi

Balance outstanding at start of year

25,886

2,128

Amounts advanced

37,508

23,758

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

63,394

25,886