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REGISTERED NUMBER: 12437377 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28th February 2023

for

Fairbank Crane Hire Ltd

Fairbank Crane Hire Ltd (Registered number: 12437377)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fairbank Crane Hire Ltd

Company Information
for the Year Ended 28th February 2023







DIRECTOR: T M Fairbank





REGISTERED OFFICE: 8 Southbank
Wootton Rivers
Marlborough
Wiltshire
SN8 4NW





REGISTERED NUMBER: 12437377 (England and Wales)





ACCOUNTANTS: Bew & Co Limited
Chartered Accountants
130 High Street
Marlborough
Wiltshire
SN8 1LZ

Fairbank Crane Hire Ltd (Registered number: 12437377)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,788 42,069

CURRENT ASSETS
Debtors 5 29,253 27,201
Cash at bank 46,392 45,618
75,645 72,819
CREDITORS
Amounts falling due within one year 6 27,542 39,011
NET CURRENT ASSETS 48,103 33,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,891

75,877

CREDITORS
Amounts falling due after more than one
year

7

(58,050

)

(19,650

)

PROVISIONS FOR LIABILITIES (21,810 ) (7,994 )
NET ASSETS 83,031 48,233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,931 48,133
83,031 48,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

Fairbank Crane Hire Ltd (Registered number: 12437377)

Balance Sheet - continued
28th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2023 and were signed by:





T M Fairbank - Director


Fairbank Crane Hire Ltd (Registered number: 12437377)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Fairbank Crane Hire 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Fairbank Crane Hire Ltd (Registered number: 12437377)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 53,475
Additions 81,485
At 28th February 2023 134,960
DEPRECIATION
At 1st March 2022 11,406
Charge for year 8,766
At 28th February 2023 20,172
NET BOOK VALUE
At 28th February 2023 114,788
At 28th February 2022 42,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 9,895 22,500
Other debtors 19,358 4,701
29,253 27,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 21,000 9,000
Trade creditors - 749
Taxation and social security 3,633 3,577
Other creditors 2,909 25,685
27,542 39,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 58,050 19,650