Company Registration No. 01055587 (England and Wales)
K G A CRANES LTD
Unaudited accounts
for the year ended 31 May 2023
K G A CRANES LTD
Unaudited accounts
Contents
K G A CRANES LTD
Company Information
for the year ended 31 May 2023
Directors
Michael Peter THOMASON
Robert THOMASON
Company Number
01055587 (England and Wales)
Registered Office
UNIT 8
ATTENBURYS LANE
TIMPERLEY
CHESHIRE
WA14 5QE
K G A CRANES LTD
Statement of financial position
as at 31 May 2023
Tangible assets
37,526
18,391
Cash at bank and in hand
40,681
37,878
Creditors: amounts falling due within one year
(50,864)
(50,098)
Net current assets
127,076
138,188
Total assets less current liabilities
164,602
156,579
Creditors: amounts falling due after more than one year
-
(19,116)
Provisions for liabilities
Deferred tax
(9,382)
(3,254)
Net assets
155,220
134,209
Called up share capital
1,500
1,500
Profit and loss account
153,720
132,709
Shareholders' funds
155,220
134,209
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
Michael Peter THOMASON
Director
Company Registration No. 01055587
K G A CRANES LTD
Notes to the Accounts
for the year ended 31 May 2023
K G A CRANES LTD is a private company, limited by shares, registered in England and Wales, registration number 01055587. The registered office is UNIT 8, ATTENBURYS LANE, TIMPERLEY, CHESHIRE, WA14 5QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2022
15,303
32,690
1,800
3,696
53,489
Additions
4,129
23,987
-
2,497
30,613
At 31 May 2023
19,432
56,677
1,800
6,193
84,102
At 1 June 2022
4,854
26,872
1,351
2,021
35,098
Charge for the year
2,916
7,451
67
1,044
11,478
At 31 May 2023
7,770
34,323
1,418
3,065
46,576
At 31 May 2023
11,662
22,354
382
3,128
37,526
At 31 May 2022
10,449
5,818
449
1,675
18,391
K G A CRANES LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
62,178
75,327
Amounts due from group undertakings etc.
74,581
74,581
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,784
-
Trade creditors
19,561
17,702
Taxes and social security
19,870
20,997
7
Creditors: amounts falling due after more than one year
2023
2022
The company is under the control of BKA Group Ltd
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).