Company registration number 10382702 (England and Wales)
CRYSTAL CARE SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
CRYSTAL CARE SERVICES LTD
COMPANY INFORMATION
Directors
Ms J Y Houghton
Mrs J P Houghton
Mr G G Houghton
Company number
10382702
Registered office
Houghton House New Road
Team Valley Trading Estate
Gateshead
Tyne and Wear
United Kingdom
NE11 0JU
Accountants
Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle Upon Tyne
Tyne and Wear
England
NE2 1TJ
CRYSTAL CARE SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CRYSTAL CARE SERVICES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,226,182
Investments
4
20,096
1,246,278
Current assets
Debtors
5
125,653
1,472,464
Cash at bank and in hand
536,154
287,970
661,807
1,760,434
Creditors: amounts falling due within one year
6
(881,263)
(336,178)
Net current (liabilities)/assets
(219,456)
1,424,256
Total assets less current liabilities
(219,456)
2,670,534
Creditors: amounts falling due after more than one year
7
(2,048,293)
Net (liabilities)/assets
(219,456)
622,241
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(219,556)
622,141
Total equity
(219,456)
622,241
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CRYSTAL CARE SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 September 2023 and are signed on its behalf by:
Mrs J P Houghton
Director
Company Registration No. 10382702
CRYSTAL CARE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information
Crystal Care Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Houghton House New Road, Team Valley Trading Estate, Gateshead, Tyne and Wear, United Kingdom, NE11 0JU.
1.1
Reporting period
The company has extended its accounting reference date from 30 June to 31 December in order to comply with the new group reporting period. Therefore, the current accounting period is 18 months compared to 12 months for the previous period and so the previous year figures are not directly comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in UK sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The financial statements have been prepared on a going concern basis which, in the opinion of the directors, is the appropriate basis. The company's ability to continue trading is dependent upon the ongoing support of its shareholderstrue and other related parties. In the event that the company is unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount.
1.4
Turnover
Turnover represents care home residents' fees receivable (exempt from value added tax) which are recognised either under the terms of contracts with local authorities or under the terms of short term letting arrangements.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% on cost
Fixtures and fittings
15% on cost
Computer equipment
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
CRYSTAL CARE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
1.7
Impairment of fixed assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
1.8
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current and deferred taxation assets and liabilities are not discounted.
Current tax
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.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
1.11
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
CRYSTAL CARE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 5 -
1.12
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2022
2021
Number
Number
Total
36
52
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 July 2021
1,348,554
20,282
5,855
1,374,691
Additions
540
1,290
1,830
Disposals
(1,349,094)
(21,572)
(5,855)
(1,376,521)
At 31 December 2022
Depreciation and impairment
At 1 July 2021
140,781
7,265
463
148,509
Depreciation charged in the period
29,221
2,326
1,449
32,996
Eliminated in respect of disposals
(170,002)
(9,591)
(1,912)
(181,505)
At 31 December 2022
Carrying amount
At 31 December 2022
At 30 June 2021
1,207,773
13,017
5,392
1,226,182
4
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
20,096
CRYSTAL CARE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 July 2021
20,096
Disposals
(20,096)
At 31 December 2022
-
Carrying amount
At 31 December 2022
-
At 30 June 2021
20,096
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
42,286
Amounts owed by group undertakings
1,394,646
Other debtors
125,653
Prepayments and accrued income
32,256
125,653
1,469,188
Deferred tax asset (note )
3,276
125,653
1,472,464
6
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
105,694
Trade creditors
17,344
Corporation tax
57,735
Other taxation and social security
528,275
12,804
Other creditors
350,346
27,111
Accruals and deferred income
2,642
115,490
881,263
336,178
CRYSTAL CARE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
- 7 -
7
Creditors: amounts falling due after more than one year
2022
2021
Notes
£
£
Bank loans and overdrafts
1,404,387
Other creditors
643,906
2,048,293
8
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Related party transactions
Transactions with related parties
During the period the company entered into the following transactions with related parties:
Management charges payable
Central accounts charge payable
2022
2021
2022
2021
£
£
£
£
Other related parties
19,500
18,000
26,611
32,212
The following amounts were outstanding at the reporting end date:
2022
2021
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
643,906
Other related parties
322,270
-
2022
2021
Amounts due from related parties
£
£
Other related parties
125,653
-
2022-12-312021-07-01false29 September 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMs J Y HoughtonMrs J P HoughtonMr G G Houghton103827022021-07-012022-12-3110382702bus:Director12021-07-012022-12-3110382702bus:Director22021-07-012022-12-3110382702bus:Director32021-07-012022-12-3110382702bus:RegisteredOffice2021-07-012022-12-31103827022022-12-31103827022021-06-3010382702core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-3110382702core:FurnitureFittings2022-12-3110382702core:ComputerEquipment2022-12-3110382702core:LandBuildingscore:OwnedOrFreeholdAssets2021-06-3010382702core:FurnitureFittings2021-06-3010382702core:ComputerEquipment2021-06-3010382702core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3110382702core:CurrentFinancialInstrumentscore:WithinOneYear2021-06-3010382702core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3110382702core:Non-currentFinancialInstrumentscore:AfterOneYear2021-06-3010382702core:CurrentFinancialInstruments2022-12-3110382702core:CurrentFinancialInstruments2021-06-3010382702core:Non-currentFinancialInstruments2022-12-3110382702core:Non-currentFinancialInstruments2021-06-3010382702core:ShareCapital2022-12-3110382702core:ShareCapital2021-06-3010382702core:RetainedEarningsAccumulatedLosses2022-12-3110382702core:RetainedEarningsAccumulatedLosses2021-06-3010382702core:LandBuildingscore:OwnedOrFreeholdAssets2021-07-012022-12-3110382702core:FurnitureFittings2021-07-012022-12-3110382702core:ComputerEquipment2021-07-012022-12-31103827022020-07-012021-06-3010382702core:LandBuildingscore:OwnedOrFreeholdAssets2021-06-3010382702core:FurnitureFittings2021-06-3010382702core:ComputerEquipment2021-06-30103827022021-06-3010382702core:Non-currentFinancialInstruments12022-12-3110382702core:Non-currentFinancialInstruments12021-06-3010382702core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2022-12-3110382702bus:PrivateLimitedCompanyLtd2021-07-012022-12-3110382702bus:SmallCompaniesRegimeForAccounts2021-07-012022-12-3110382702bus:FRS1022021-07-012022-12-3110382702bus:AuditExemptWithAccountantsReport2021-07-012022-12-3110382702bus:FullAccounts2021-07-012022-12-31xbrli:purexbrli:sharesiso4217:GBP