REGISTERED NUMBER: 07569004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CRESTEL PROJECTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L Haldron

H Lavers

S Fitzjohn

M Fitzjohn

REGISTERED OFFICE:

Croft Chambers

11 Bancroft

Hitchin

Herts

SG5 1JQ

REGISTERED NUMBER:

07569004 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

5

363,661

206,153

CURRENT ASSETS

Stocks

6

187,000

52,000

Debtors

7

2,522,806

1,714,984

Cash at bank

1,894,038

1,549,791

4,603,844

3,316,775

CREDITORS

Amounts falling due within one year

8

2,541,872

1,443,361

NET CURRENT ASSETS

2,061,972

1,873,414

TOTAL ASSETS LESS CURRENT LIABILITIES

2,425,633

2,079,567

CREDITORS

Amounts falling due after more than one year

9

(172,512

)

(26,531

)

PROVISIONS FOR LIABILITIES

(29,849

)

(16,508

)

NET ASSETS

2,223,272

2,036,528

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,223,172

2,036,428

SHAREHOLDERS' FUNDS

2,223,272

2,036,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

S Fitzjohn - Director

1.	STATUTORY INFORMATION

Crestel Projects Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

536

309,013

11,468

321,017

Additions

-

218,592

16,636

235,228

Disposals

-

(5,000

)

-

(5,000

)

At 31 March 2025

536

522,605

28,104

551,245

DEPRECIATION

At 1 April 2024

464

106,536

7,864

114,864

Charge for year

18

74,072

2,963

77,053

Eliminated on disposal

-

(4,333

)

-

(4,333

)

At 31 March 2025

482

176,275

10,827

187,584

NET BOOK VALUE

At 31 March 2025

54

346,330

17,277

363,661

At 31 March 2024

72

202,477

3,604

206,153

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

82,438

Additions

204,096

Reclassification/transfer

17,826

At 31 March 2025

304,360

DEPRECIATION

At 1 April 2024

21,730

Charge for year

38,494

Reclassification/transfer

4,107

At 31 March 2025

64,331

NET BOOK VALUE

At 31 March 2025

240,029

At 31 March 2024

60,708

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

2,000

2,000

Work-in-progress

185,000

50,000

187,000

52,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,038,988

1,276,867

Amounts owed by group undertakings

335,617

335,617

Other debtors

148,201

102,500

2,522,806

1,714,984

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

72,980

22,771

Trade creditors

1,713,968

753,017

Amounts owed to group undertakings

70,000

-

Tax

49,529

69,749

Social security and other taxes

12,371

8,391

Pension liability

16

283

VAT

271,724

125,359

Other creditors

44,249

141,136

Directors' current accounts

64,210

80,000

Accruals and deferred income

242,825

242,655

2,541,872

1,443,361

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

172,512

26,531

10.	RELATED PARTY DISCLOSURES

Accent Park Ltd, a company owned by the owners of Crestel Projects Ltd, owed Crestel Projects Ltd £335,617 at the year end (2024: £335,617).

Amorvida Partnership, of which H Lavers, an owner of Crestel Projects Ltd, is a partner, was owed by Crestel Projects Ltd £70,000 at the year end (2024: £NIL).

11.	ULTIMATE CONTROLLING PARTY

Not one shareholder owns more than 50% share capital and therefore all directors control the company in unison.