Cryoniss Ltd. - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11235556 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Cryoniss Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs S Houghton

G Houghton

P Hargreaves

A Sherlock

S R Burrows

REGISTERED OFFICE:

19f19 Mereside

Alderley Park

Macclesfield

Cheshire

SK10 4TG

REGISTERED NUMBER:

11235556 (England and Wales)

ACCOUNTANTS:

Prime Accountancy (Merseyside) Limited

64 Mill Lane

West Derby

Liverpool

Merseyside

L12 7JB

FIXED ASSETS

Intangible assets

4

7,406

5,754

Tangible assets

5

67,921

39,220

75,327

44,974

CURRENT ASSETS

Debtors

6

105,939

18,027

Cash at bank

269,862

-

375,801

18,027

CREDITORS

Amounts falling due within one year

7

142,545

98,151

NET CURRENT ASSETS/(LIABILITIES)

233,256

(80,124

)

TOTAL ASSETS LESS CURRENT LIABILITIES

308,583

(35,150

)

CREDITORS

Amounts falling due after more than one year

8

(129,073

)

(155,787

)

PROVISIONS FOR LIABILITIES

(6,401

)

(1,839

)

NET ASSETS/(LIABILITIES)

173,109

(192,776

)

CAPITAL AND RESERVES

Called up share capital

190

100

Capital contribution reserves

785,000

-

Retained earnings

(612,081

)

(192,876

)

173,109

(192,776

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 24 November 2022 and were signed on its behalf by:

Mrs S Houghton - Director

S R Burrows - Director

1.	STATUTORY INFORMATION

Cryoniss 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 15% on reducing balance, 10% on reducing balance and 5% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2021

6,000

Additions

2,000

At 31 March 2022

8,000

AMORTISATION

At 1 April 2021

246

Charge for year

348

At 31 March 2022

594

NET BOOK VALUE

At 31 March 2022

7,406

At 31 March 2021

5,754

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

45,368

Additions

33,983

At 31 March 2022

79,351

DEPRECIATION

At 1 April 2021

6,148

Charge for year

5,282

At 31 March 2022

11,430

NET BOOK VALUE

At 31 March 2022

67,921

At 31 March 2021

39,220

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

56,155

11,614

Other debtors

49,784

6,413

105,939

18,027

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

3,233

24,867

Taxation and social security

13,163

465

Other creditors

126,149

72,819

142,545

98,151

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

37,332

40,000

Hire purchase contracts

21,960

-

Other creditors

69,781

115,787

129,073

155,787

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

30,000

9.	RELATED PARTY DISCLOSURES

Investment totalling £785,000 was received from related parties during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Prime Accountancy (Merseyside) Limited

64 Mill Lane

West Derby

Liverpool

Merseyside

L12 7JB

Date: .............................................