Crystal Wealth Management Limited

(Registration number: 04931573)
Balance Sheet as at 31 March 2025

	Note	2025 £	As restated 2024 £
Fixed assets
Tangible assets	6	8,504	6,350
Current assets
Debtors	7	104,871	95,186
Cash at bank and in hand		166,340	513,992
		271,211	609,178
Creditors: Amounts falling due within one year	8	(265,958)	(222,984)
Net current assets		5,253	386,194
Net assets		13,757	392,544
Capital and reserves
Called up share capital	10	450	520
Capital redemption reserve		150	80
Retained earnings		13,157	391,944
Total equity		13,757	392,544

Crystal Wealth Management Limited

(Registration number: 04931573)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 15 December 2025 and signed on its behalf by:
 

.........................................

C J Hughes
Director

Crystal Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Statutory information

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

The address of its registered office is:
Unit 12 Henfield Business Park
Westerleigh Road
Bristol
BS36 2UP

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, has been fully amortised over its estimated useful life of five years.

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

Fixtures and fittings	25% on reducing balance
Computer equipment	33% on cost

Crystal Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

 Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Crystal Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 19 (2024 - 25).

4	Prior year adjustment

During the preparation of the financial statements for the year ended 31 March 2025, it was identified that certain transactions in the prior year had been incorrectly recorded. The errors related to:
• Dividends: Dividend distributions of £50,000 were incorrectly allocated to reserves.
• Director’s Loan Account: Movements on the director’s loan account were misclassified, by £50,000.

The adjustments were necessary to reflect the correct position of dividends declared and director’s loan balances at 31 March 2024. The director’s loan account was paid within 9 months of the year end date.

There is no impact on cash flows or profit for the current year.

Crystal Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Intangible fixed assets

	Goodwill  £	Total £
Cost
At 1 April 2024	93,164	93,164
At 31 March 2025	93,164	93,164
Amortisation
At 1 April 2024	93,164	93,164
At 31 March 2025	93,164	93,164
Net book value
At 31 March 2025	-	-
At 31 March 2024	-	-

6	Tangible fixed assets

	Fixtures and fittings  £	Computer equipment  £	Total £
Cost
At 1 April 2024	3,169	25,368	28,537
Additions	716	1,744	2,460
At 31 March 2025	3,885	27,112	30,997
Depreciation
At 1 April 2024	2,783	19,404	22,187
Charge for the year	149	157	306
At 31 March 2025	2,932	19,561	22,493
Net book value
At 31 March 2025	953	7,551	8,504
At 31 March 2024	386	5,964	6,350

Crystal Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Debtors: amounts falling due within one year

	2025 £	As restated 2024 £
Trade debtors	28,080	39,336
Prepayments	2,114	450
Other debtors	74,677	5,400
Directors' loan accounts	-	50,000
	104,871	95,186

The director's loan account was repaid within 9 months of the year end date.

8

Creditors

	2025 £	2024 £
Amounts falling due within one year
Taxation and social security	7,858	7,931
Other creditors	688	1,795
Accruals	25,177	42,470
Corporation tax	132,235	170,788
Directors' loan accounts	100,000	-
	265,958	222,984

The director's loan account is unsecured, interest free and repayable on demand.

9	Leasing agreements

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Later than one year and not later than five years	19,800	21,600
Later than five years	-	19,800
	19,800	41,400

Crystal Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	50	50	50	50
Ordinary B shares of £1 each	50	50	50	50
Ordinary C shares of £1 each	50	50	50	50
Ordinary D shares of £1 each	50	50	50	50
Ordinary E shares of £1 each	-	-	50	50
Ordinary F shares of £1 each	50	50	50	50
Ordinary G shares of £1 each	60	60	60	60
Ordinary H shares of £1 each	40	40	40	40
Ordinary I shares of £1 each	-	-	12	12
Ordinary J shares of £1 each	-	-	8	8
Ordinary K shares of £1 each	50	50	50	50
Ordinary L shares of £1 each	50	50	50	50
	450	450	520	520

On 10 June 2024 the company purchased 20 of its own ordinary shares for a consideration of £96,000.

On 29 October 2024 the company purchased 50 of its own shares for a consideration of £335,000.

These shares were subsequently cancelled.