Crystal Clear Group Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06034544 (England and Wales)

Audited Financial Statements

for the Period

29 April 2016 to 30 April 2017

for

CRYSTAL CLEAR GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Randall

Mrs S A Randall

Mr S Halford

Mr T Goldspink

SECRETARY:

Mrs S A Randall

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

06034544 (England and Wales)

AUDITORS:

Jeff Lermer & Associates

Chartered Accountants

Statutory Auditors

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

2,395,054

812,113

Tangible assets

5

2,506,603

2,567,698

4,901,657

3,379,811

CURRENT ASSETS

Stocks

320,495

276,882

Debtors

6

1,537,887

1,320,678

Cash at bank and in hand

7,147

7,879

1,865,529

1,605,439

CREDITORS

Amounts falling due within one year

7

2,146,437

2,073,002

NET CURRENT LIABILITIES

(280,908

)

(467,563

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,620,749

2,912,248

CREDITORS

Amounts falling due after more than one year

8

1,921,464

1,466,215

NET ASSETS

2,699,285

1,446,033

CAPITAL AND RESERVES

Called up share capital

450,000

450,000

Revaluation reserve

10

1,291,373

138,857

Retained earnings

957,912

857,176

SHAREHOLDERS' FUNDS

2,699,285

1,446,033

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 January 2018 and were signed on its behalf by:

Mr M J Randall - Director

1.	STATUTORY INFORMATION

Crystal Clear Group 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis, on the understanding that the

directors and shareholders will continue to financially support the company as there are

sufficient external funds available.

Turnover

Turnover, stated net of value added tax, represents amounts invoiced to third parties. The

company's turnover is derived from its principal activity carried out in the UK.

Income is recognised as stock is delivered to or collected by customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

No depreciation is provided in respect of freehold land and buildings as the charge would be

immaterial due to the long expected useful life and residual value of the land and buildings.

Stocks

These are valued on a first in first out basis at the lower of cost and net realisable value. In

respect of work in progress and finished goods, cost include overheads, transportation and

labour costs, where appropriate. Loose tools have been included in stock, where in the

opinion of the directors, it is reasonable to do so.

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their estimated

useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Rent receivable

Rents receivable are recognised evenly over the period to which the rent relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 90 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST OR VALUATION

At 29 April 2016

975,000

310,862

1,285,862

Additions

-

536,622

536,622

Revaluations

-

1,152,516

1,152,516

At 30 April 2017

975,000

2,000,000

2,975,000

AMORTISATION

At 29 April 2016

473,749

-

473,749

Charge for period

106,197

-

106,197

At 30 April 2017

579,946

-

579,946

NET BOOK VALUE

At 30 April 2017

395,054

2,000,000

2,395,054

At 28 April 2016

501,251

310,862

812,113

Cost or valuation at 30 April 2017 is represented by:

Other

intangible

Goodwill

assets

Totals

£

£

£

Valuation in 2015

975,000

-

975,000

Valuation in 2016

-

310,862

310,862

Valuation in 2017

-

1,689,138

1,689,138

975,000

2,000,000

2,975,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 29 April 2016

2,007,993

1,031,152

3,039,145

Additions

-

220,687

220,687

Disposals

-

(16,663

)

(16,663

)

At 30 April 2017

2,007,993

1,235,176

3,243,169

DEPRECIATION

At 29 April 2016

-

471,447

471,447

Charge for period

-

276,574

276,574

Eliminated on disposal

-

(11,455

)

(11,455

)

At 30 April 2017

-

736,566

736,566

NET BOOK VALUE

At 30 April 2017

2,007,993

498,610

2,506,603

At 28 April 2016

2,007,993

559,705

2,567,698

Included in cost or valuation of land and buildings is freehold land of £ 2,007,993 (2016 - £

2,007,993 ) which is not depreciated.

Cost or valuation at 30 April 2017 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2016

2,007,993

1,031,152

3,039,145

Valuation in 2017

-

204,024

204,024

2,007,993

1,235,176

3,243,169

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Plant and

machiner

etc

£

COST OR VALUATION

At 29 April 2016

and 30 April 2017

446,525

DEPRECIATION

At 29 April 2016

156,502

Charge for period

45,084

At 30 April 2017

201,586

NET BOOK VALUE

At 30 April 2017

244,939

At 28 April 2016

290,023

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

28.4.16

£

£

Trade debtors

1,261,925

1,105,602

Other debtors

275,962

215,076

1,537,887

1,320,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

28.4.16

£

£

Bank loans and overdrafts

325,222

50,133

Hire purchase contracts

69,992

70,391

Trade creditors

587,333

865,955

Taxation and social security

161,559

172,550

Other creditors

1,002,331

913,973

2,146,437

2,073,002

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

28.4.16

£

£

Bank loans

825,184

1,318,450

Hire purchase contracts

96,280

147,765

Trade creditors

1,000,000

-

1,921,464

1,466,215

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

456,861

438,928

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

28.4.16

£

£

Bank loans

948,598

1,368,583

The Mortgage is secured by a first legal charge of the company's freehold land and

buildings.

10.

RESERVES

Revaluati

reserve

£

At 29 April 2016

138,857

Revaluation in year

1,152,516

At 30 April 2017

1,291,373

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Lermer (Senior Statutory Auditor)

for and on behalf of Jeff Lermer & Associates

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £Nil (2016:£27,534) a director of the

company. The loan was interest free.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Randall.