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REGISTERED NUMBER: 06660386 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st January 2023

for

Icap Cranes Limited

Icap Cranes Limited (Registered number: 06660386)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icap Cranes Limited

Company Information
for the Year Ended 31st January 2023







DIRECTOR: Mr M Hull





REGISTERED OFFICE: Curzon St. Business Centre
Curzon Street
Burton on Trent
Staffordshire
DE14 2DH





REGISTERED NUMBER: 06660386 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
Curzon St. Business Centre
Curzon Street
Burton on Trent
Staffordshire
DE14 2DH

Icap Cranes Limited (Registered number: 06660386)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,009 90,304

CURRENT ASSETS
Debtors 5 239,235 372,763
Cash at bank 29,206 73,341
268,441 446,104
CREDITORS
Amounts falling due within one year 6 86,930 267,673
NET CURRENT ASSETS 181,511 178,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,520

268,735

PROVISIONS FOR LIABILITIES 17,158 17,158
NET ASSETS 250,362 251,577

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 250,361 251,576
SHAREHOLDERS' FUNDS 250,362 251,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Icap Cranes Limited (Registered number: 06660386)

Balance Sheet - continued
31st January 2023


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 director and authorised for issue on 27th October 2023 and were signed by:





Mr M Hull - Director


Icap Cranes Limited (Registered number: 06660386)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

Icap Cranes 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.

Turnover is recognised when goods have been dispatched or services provided resulting in the company obtaining the right to consideration.

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 - 20% 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.

Icap Cranes Limited (Registered number: 06660386)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2022 126,193 196 90,372 216,761
Additions 508 - 16,700 17,208
At 31st January 2023 126,701 196 107,072 233,969
DEPRECIATION
At 1st February 2022 98,657 86 27,714 126,457
Charge for year 5,609 22 15,872 21,503
At 31st January 2023 104,266 108 43,586 147,960
NET BOOK VALUE
At 31st January 2023 22,435 88 63,486 86,009
At 31st January 2022 27,536 110 62,658 90,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 239,235 372,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 75,284 175,382
Taxation and social security 5,455 60,863
Other creditors 6,191 31,428
86,930 267,673