| Cristal Group International Ltd |
| Registered number: |
10664219 |
| Balance Sheet |
| as at 31 December 2020 |
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
72,188 |
|
|
108,366 |
| Cash at bank and in hand |
|
|
24 |
|
|
935 |
|
|
|
72,212 |
|
|
109,301 |
|
| Creditors: amounts falling due within one year |
4 |
|
(80,155) |
|
|
(110,053) |
|
| Net current liabilities |
|
|
|
(7,943) |
|
|
(752) |
|
| Net liabilities |
|
|
|
(7,943) |
|
|
(752) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10,000 |
|
|
10,000 |
| Profit and loss account |
|
|
|
(17,943) |
|
|
(10,752) |
|
| Shareholders' funds |
|
|
|
(7,943) |
|
|
(752) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D Lasse |
| Director |
| Approved by the board on 15 February 2021 |
|
| Cristal Group International Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade debtors |
43,210 |
|
64,602 |
|
Other debtors |
28,978 |
|
43,764 |
|
|
|
|
|
|
72,188 |
|
108,366 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade creditors |
78,645 |
|
107,025 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
1,228 |
|
Taxation and social security costs |
1,510 |
|
- |
|
Other creditors |
- |
|
1,800 |
|
|
|
|
|
|
80,155 |
|
110,053 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
2020 |
|
2019 |
|
Tenbury International Ltd |
|
David Lasse, is a company director of both Tenbury International Ltd and Cristal Group International Ltd |
|
During the year, Tenbury International Ltd invoiced Cristal Group International Ltd for an amount of £5,400 in respect of accountancy fees. All transactions were conducted at arms length. |
|
Amount due to the related party |
- |
|
1,200 |
|
|
Tenbury Secretaries Ltd |
|
David Lasse, is a company director of both Tenbury Secretaries Ltd and Cristal Group International Ltd |
|
During the year, Tenbury Secretaries Ltd invoiced Cristal Group International Ltd for an amount of £1,213 in respect of secretarial fees. All transactions were conducted at arms length. |
|
Amount due to the related party |
- |
|
- |
|
|
Tenbury Executives Ltd |
|
David Lasse, is a company director of both Tenbury Executives Ltd and Cristal Group International Ltd |
|
During the year, Tenbury Executives Ltd invoiced Cristal Group International Ltd for an amount of £4,000 in respect of secretarial fees. All transactions were conducted at arms length. |
|
Amount due to the related party |
- |
|
5,000 |
|
|
| 6 |
Going concern |
|
|
The accounts have been prepared on the going concern basis. The shareholders have confirmed |
|
that they will continue to provide finance to enable the company to meet its financial obligations |
|
for a period of at least one year. |
|
|
| 7 |
Controlling party |
|
|
Kevin Alili-Rivaton, a director of the company, controls the company by virtue of his 75% shareholding. |
|
|
| 8 |
Other information |
|
|
Cristal Group International Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Brenchley House |
|
School Road |
|
Charing |
|
Kent |
|
TN27 0JW |
