Crystal Vapours Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 08375291

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	5	2,305		1,892
Debtors	6	18,665		20,831
Cash at bank and in hand		7,213		484

		28,183		23,207
Creditors: Amounts Falling Due Within One Year	7	(72,416 )		(72,286 )

NET CURRENT ASSETS (LIABILITIES)			(44,233 )		(49,079 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(44,233 )		(49,079 )

NET LIABILITIES			(44,233 )		(49,079 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(44,333 )		(49,179 )

SHAREHOLDERS' FUNDS			(44,233)		(49,079)

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K S Tidey

Director

17 August 2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Crystal Vapours Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08375291 . The registered office is C/O Founders Law Limited, 1 Temple Avenue, London, EC4Y 0HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis. In assessing the appropriateness of the going concern basis, the director has considered the company’s financial position, current trading performance and cash flow requirements for a period of at least twelve months from the date of approval of these financial statements. Although the company has net liabilities at the balance sheet date, it returned to profitability during the year and continues to trade. The director has considered the company’s forecast cash flows and expected future trading and is satisfied that the company will be able to meet its liabilities as they fall due. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings	25% Straight Line
Computer equipment	33% Straight Line

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Crystal Vapours Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 3)

4. Tangible Assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
As at 1 June 2025	465	8,308	8,773

As at 31 May 2026	465	8,308	8,773

Depreciation
As at 1 June 2025	465	8,308	8,773

As at 31 May 2026	465	8,308	8,773

Net Book Value
As at 31 May 2026	-	-	-

As at 1 June 2025	-	-	-

5. Stocks

	2026	2025
	£	£
Finished goods	2,305	1,892

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	-	1,029
Deferred tax current asset	18,665	19,802

	18,665	20,831

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	187	-
Other creditors	71,989	70,661
Taxation and social security	240	1,625

	72,416	72,286

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Crystal Vapours Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

The following related party transactions were undertaken during the year:

During the period prior to their resignation on 10 September 2025, a former director withdrew amounts totalling £4,829 (2025: £20,351) and introduced amounts totalling £4,122 (2025: £37,100) in respect of their director’s loan account.

As part of the share sale completed during the year, the balance outstanding on the former director’s loan account was assigned to the new director and shareholder. Accordingly, the amount outstanding at 31 May 2026 of £67,105 (2025: £67,812) is payable to the current director and is included within other creditors.

No dividends were paid during the year in respect of shareholdings (2025: £Nil).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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