Registered number
11358723
East Anglia Crane Services Limited
Filleted Accounts
31 May 2023
East Anglia Crane Services Limited
Registered number: 11358723
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,803 12,277
Current assets
Debtors 4 4,565 2,292
Cash at bank and in hand 35,873 38,947
40,438 41,239
Creditors: amounts falling due within one year 5 (24,218) (20,551)
Net current assets 16,220 20,688
Total assets less current liabilities 24,023 32,965
Creditors: amounts falling due after more than one year 6 (20,432) (25,790)
Net assets 3,591 7,175
Capital and reserves
Profit and loss account 3,591 7,175
Shareholders' funds 3,591 7,175
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alan Groom
Director
Approved by the board on 27 December 2023
East Anglia Crane Services Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 1,791 25,568 27,359
At 31 May 2023 1,791 25,568 27,359
Depreciation
At 1 June 2022 893 14,189 15,082
Charge for the year 224 4,250 4,474
At 31 May 2023 1,117 18,439 19,556
Net book value
At 31 May 2023 674 7,129 7,803
At 31 May 2022 898 11,379 12,277
4 Debtors 2023 2022
£ £
Trade debtors 4,565 2,292
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors (84) -
Taxation and social security costs 22,880 20,168
Other creditors 1,422 383
24,218 20,551
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 20,432 25,790
7 Other information
East Anglia Crane Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
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