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REGISTERED NUMBER: 07232097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

JR CRANE SERVICES LTD

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JR CRANE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: J Robey





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 07232097 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528,188 151,958

CURRENT ASSETS
Debtors 5 2,051,375 1,645,187
Cash at bank and in hand 394,838 383,910
2,446,213 2,029,097
CREDITORS
Amounts falling due within one year 6 513,129 296,120
NET CURRENT ASSETS 1,933,084 1,732,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,461,272

1,884,935

CREDITORS
Amounts falling due after more than one
year

7

(260,895

)

(31,308

)

PROVISIONS FOR LIABILITIES (22,594 ) (18,014 )
NET ASSETS 2,177,783 1,835,613

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,177,583 1,835,413
SHAREHOLDERS' FUNDS 2,177,783 1,835,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

BALANCE SHEET - continued
30 APRIL 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 11 October 2023 and were signed by:





J Robey - Director


JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

JR Crane Services Ltd 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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - 15% 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.

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.

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.

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Computer
Freehold Plant and Motor & office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 - 475 240,632 33,277 274,384
Additions 388,484 - 13,995 16,416 418,895
Disposals - (475 ) (9,095 ) - (9,570 )
At 30 April 2023 388,484 - 245,532 49,693 683,709
DEPRECIATION
At 1 May 2022 - 309 109,337 12,780 122,426
Charge for year 1,493 25 35,460 4,358 41,336
Eliminated on disposal - (334 ) (7,907 ) - (8,241 )
At 30 April 2023 1,493 - 136,890 17,138 155,521
NET BOOK VALUE
At 30 April 2023 386,991 - 108,642 32,555 528,188
At 30 April 2022 - 166 131,295 20,497 151,958

Included in cost of land and buildings is freehold land of £ 260,000 (2022 - £ 0 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,140,282 762,658
Other debtors 911,093 882,529
2,051,375 1,645,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,169 -
Hire purchase contracts 23,173 21,799
Trade creditors 341,755 211,804
Taxation and social security 120,274 57,702
Other creditors 9,758 4,815
513,129 296,120

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 246,604 -
Hire purchase contracts 14,291 31,308
260,895 31,308

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 154,762 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 264,773 -
Hire purchase contracts 37,464 53,107
302,237 53,107

The hire purchase creditor is secured on the assets to which they relate.

The bank loan is secured by way of a fixed and floating charge over all of the company's assets.

9. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £ Nil (2022: £1,050).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
J Robey
Balance outstanding at start of year 116,428 113,228
Amounts advanced 112,820 117,200
Amounts repaid (117,000 ) (114,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,248 116,428

Interest of £1,626, at the rate of 2% p.a to 5 April 2023 and at 2.25% p.a. thereafter, was charged on the above loan and is included in the balance.