INCRYSTALS LIMITED - Filleted accounts

Registered number

05812060

INCRYSTALS LIMITED

Filleted Accounts

30 April 2025

INCRYSTALS LIMITED
Registered number:		05812060
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		46,462			52,125

Current assets
Stocks		84,290			84,290
Debtors	4	138,899			288,667
Cash at bank and in hand		469,880			196,864
		693,069			569,821

Creditors: amounts falling due within one year	5	(278,342)			(232,122)

Net current assets			414,727			337,699

Net assets			461,189			389,824

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			460,189			388,824

Shareholders' funds			461,189			389,824

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Anitha Ketreddy
Director
Approved by the board on 30 April 2026

INCRYSTALS LIMITED
Notes to the Accounts
for the year ended 30 April 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.












	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		21		20


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 May 2024				97,254
	Additions				2,156
	At 30 April 2025				99,410

	Depreciation
	At 1 May 2024				45,129
	Charge for the year				7,819
	At 30 April 2025				52,948

	Net book value
	At 30 April 2025				46,462
	At 30 April 2024				52,125


4	Debtors		2025		2024
£				£

	Trade debtors		53,951		224,794
	Other debtors		84,948		63,873
			138,899		288,667


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		3,464		13,534
	Obligations under finance lease and hire purchase contracts		-		12,103
	Trade creditors		37,026		36,244
	Taxation and social security costs		128,679		146,038
	Other creditors		109,173		24,203
			278,342		232,122


6	Other information

	INCRYSTALS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Pentax House
	South Hill Avenue
	South Harrow
	HA20DU