REGISTERED NUMBER: 04590067 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

KRYSTELINE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Whettingsteel

REGISTERED OFFICE:

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

REGISTERED NUMBER:

04590067 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

BANKERS:

Barclays Bank PLC

Bristol & Somerset Business Centre

PO Box 324 (Patchway)

Park House

Newbrick Road

Stoke Gifford

BS34 8ZJ

FIXED ASSETS

Intangible assets

4

32,645

32,645

Tangible assets

5

4,645

4,645

37,290

37,290

CURRENT ASSETS

Stocks

32,426

32,426

Debtors

6

137,367

137,367

169,793

169,793

CREDITORS

Amounts falling due within one year

7

(316,113

)

(316,113

)

NET CURRENT LIABILITIES

(146,320

)

(146,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(109,030

)

(109,030

)

CREDITORS

Amounts falling due after more than one year

8

(498,700

)

(498,700

)

NET LIABILITIES

(607,730

)

(607,730

)

CAPITAL AND RESERVES

Called up share capital

1,668,376

1,668,376

Share premium

99,900

99,900

Retained earnings

(2,376,006

)

(2,376,006

)

SHAREHOLDERS' FUNDS

(607,730

)

(607,730

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 and authorised for issue by the director and authorised for issue on 24th September 2025 and were signed by:

Mr S Whettingsteel - Director

1.	STATUTORY INFORMATION

Krysteline Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

GOING CONCERN

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

33% on cost

Fixtures, fittings and equipment

-

25% straight line basis

Motor vehicles

-

25% on reducing balance

STOCKS

Stock is valued at the lower of cost and net realisable value.

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.

RESEARCH AND DEVELOPMENT

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In the situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

licences

costs

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

144,497

340,591

485,088

AMORTISATION

At 1st January 2024

and 31st December 2024

111,852

340,591

452,443

NET BOOK VALUE

At 31st December 2024

32,645

-

32,645

At 31st December 2023

32,645

-

32,645

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

Plant and

and

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2024

and 31st December 2024

6,870

13,300

23,230

7,495

50,895

DEPRECIATION

At 1st January 2024

and 31st December 2024

6,870

13,300

22,581

3,499

46,250

NET BOOK VALUE

At 31st December 2024

-

-

649

3,996

4,645

At 31st December 2023

-

-

649

3,996

4,645

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Deferred tax asset

Accelerated capital allowances

122,822

122,822

Prepayments

14,545

14,545

137,367

137,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

26,095

26,095

Other loans

7,420

7,420

Hire purchase contracts

670

670

Trade creditors

114,224

114,224

Social security and other taxes

2,756

2,756

Nest pension

574

574

Other creditors

95,499

95,499

Accruals and deferred income

68,875

68,875

316,113

316,113

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Shareholder loans

251,125

251,125

Other creditors

247,575

247,575

498,700

498,700

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank overdrafts

26,095

26,095

10.	ULTIMATE CONTROLLING PARTY

There is no controlling party.