Crest_Advisory_Services_Ltd_31_Jan_2026_companies_house_set_of

Crest Advisory Services Ltd

Report to the board of directors on the preparation of the unaudited statutory financial statements of Crest Advisory Services Ltd

Year ended

31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

Crest Advisory Services Ltd

for the year ended

31 January 2026

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.

It is your duty to ensure that

Crest Advisory Services Ltd

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Crest Advisory Services Ltd

. You consider that

Crest Advisory Services Ltd

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crest Advisory Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Clarity Accounting Limited

Chartered Certified Accountants

Office FF10, Brooklands House

58 Marlborough Road

Lancing

West Sussex

BN15 8AF

United Kingdom

Date:

30 October 2026

Crest Advisory Services Ltd

Statement of Financial Position

31 January 2026

		2026		2025
	Note	£		£
Fixed assets
Intangible assets	5	-		47
Tangible assets	6	1,253		1,977
		1,253		2,024
Current assets
Debtors	7	2,375		3,055
Cash at bank and in hand		2,006		3,247
		4,381		6,302
Creditors: amounts falling due within one year	8	(5,154	)	(8,123	)
Net current liabilities		(773	)	(1,821	)
Total assets less current liabilities		480		203
Capital and reserves
Called up share capital		1		1
Profit and loss account		479		202
Shareholders funds		480		203

For the year ending

31 January 2026

, 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 year 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

30 October 2026

, and are signed on behalf of the board by:

Mr M N Osborne

Director

Company registration number:

14608934

Crest Advisory Services Ltd

Notes to the Financial Statements

Year ended

31 January 2026

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

1 Oak Cottages

Brede

Rye

TN31 6DY

, 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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

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

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.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. 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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation 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:

Fixtures, fittings and equipment

25% straight line

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.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4 Average number of employees

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

(2025:

5 Intangible assets

	Other intangible assets
	£
Cost
At 1 February 2025	47
Disposals	(47	)
At 31 January 2026	-
Amortisation
At 1 February 2025 and 31 January 2026	-
Carrying amount
At 31 January 2026	-
At 31 January 2025	47

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 February 2025 and 31 January 2026	2,896
Depreciation
At 1 February 2025	919
Charge	724
At 31 January 2026	1,643
Carrying amount
At 31 January 2026	1,253
At 31 January 2025	1,977

7 Debtors

	2026		2025
	£		£
Other debtors	2,375		3,055

8 Creditors: amounts falling due within one year

	2026	2025
	£	£
Taxation and social security	3,413	6,442
Other creditors	1,741	1,681
	5,154	8,123

9 Directors' advances, credit and guarantees

Included in other debtors is £3,755 (2025 - £3,055) which is owed by Mr M N Osborne, the director of the company. The Loan is provided on an interest free basis and is repayable on demand.