Crystalink Jewellery Manu Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01045249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

CRYSTALINK JEWELLERY MANUFACTURING

LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Green

Mrs S Green

SECRETARY:

Mrs S Green

REGISTERED OFFICE:

35 Hall Street

Hockley

Birmingham

B18 6BS

REGISTERED NUMBER:

01045249 (England and Wales)

ACCOUNTANTS:

Holder Blackthorn LLP

Blackthorn House

St Pauls Square

Birmingham

B3 1RL

FIXED ASSETS

Tangible assets

4

2,209

2,599

CURRENT ASSETS

Stocks

358,150

417,601

Debtors

1,955

5,086

Cash at bank and in hand

175,811

149,572

535,916

572,259

CREDITORS

Amounts falling due within one year

243,342

290,225

NET CURRENT ASSETS

292,574

282,034

TOTAL ASSETS LESS CURRENT LIABILITIES

294,783

284,633

CREDITORS

Amounts falling due after more than one year

44,167

-

NET ASSETS

250,616

284,633

CAPITAL AND RESERVES

Called up share capital

5

5,000

5,000

Retained earnings

245,616

279,633

SHAREHOLDERS' FUNDS

250,616

284,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2021 and were signed on its behalf by:

C D Green - Director

1.	STATUTORY INFORMATION

Crystalink Jewellery Manufacturing Limited 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.

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

-

15% on reducing balance

Fixtures and fittings

-

33% on cost

Government grants

Grants received under the various covid-19 support measures are recognised using the performance model. A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds are received or receivable. A grant that imposes specified future performance-related conditions is recognised in income only when the performance-related conditions are met. Any grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 where the amount is material.

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.

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 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

34,464

Additions

207

At 31 December 2020

34,671

DEPRECIATION

At 1 January 2020

31,865

Charge for year

597

At 31 December 2020

32,462

NET BOOK VALUE

At 31 December 2020

2,209

At 31 December 2019

2,599

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

5,000

Ordinary

£1

5,000

5,000

6.	OTHER FINANCIAL COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are as follows:

2020

2019

£

Not later than one year

20,000

20,000

Later than one and not later than five years

80,000

80,000

Later than five years

21,667

41,667

121,667

141,667