CREST_LABS_LTD_31_Oct_2025_companies_house_set_of

Crest Labs Ltd

Statement of Financial Position

31 October 2025

		31 Oct 2025
	Note	£
Fixed assets
Intangible assets	5	1,813
Current assets
Debtors	6	826
Cash at bank and in hand		8,782
		9,608
Creditors: amounts falling due within one year	7	(4,673	)
Net current assets		4,935
Total assets less current liabilities		6,748
Capital and reserves
Called up share capital		1
Profit and loss account		6,747
Shareholders funds		6,748

For the period ending

31 October 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 financial statements for the period in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

25 March 2026

, and are signed on behalf of the board by:



Mr G R Marsden	Mrs M N Osborne
Director	Director

Company registration number:

15795586

Crest Labs Ltd

Notes to the Financial Statements

Period ended

31 October 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Suite Ff10 Brooklands House

58 Marlborough Road

Lancing

West Sussex

BN15 8AF

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Other intangible assets

Not amortised

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

4 Average number of employees

The average number of persons employed by the company during the period was

5 Intangible assets

	Other intangible assets
	£
Cost
At 22 June 2024	-
Additions	10,752
Disposals	(8,939	)
At 31 October 2025	1,813
Amortisation
At 22 June 2024 and 31 October 2025	-
Carrying amount
At 31 October 2025	1,813

6 Debtors

	31 Oct 2025
	£
Trade debtors	826

7 Creditors: amounts falling due within one year

	31 Oct 2025
	£
Taxation and social security	1,898
Other creditors	2,775
	4,673

8 Directors' advances, credit and guarantees

Included in other creditors is £426, which is owed to Mr G Marsden, the director of the company and also included in other creditors is £409, which is owed to Mr M Osborne, the director of the company. These loans are provided on an interest free basis and are repayable on demand.