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REGISTERED NUMBER: 06128204 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

Q CRANE HIRE LIMITED

Q CRANE HIRE LIMITED (REGISTERED NUMBER: 06128204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Q CRANE HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: Mr A J P Quinn
Ms J A Quinn





SECRETARY: Ms J A Quinn





REGISTERED OFFICE: 1 Stampstone Street
Oldham
Lancashire
OL1 3PW





REGISTERED NUMBER: 06128204 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

Q CRANE HIRE LIMITED (REGISTERED NUMBER: 06128204)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,204,151 1,204,151

CURRENT ASSETS
Debtors 5 558,343 451,843

CREDITORS
Amounts falling due within one year 6 10,347 132,097
NET CURRENT ASSETS 547,996 319,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,752,147

1,523,897

CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Retained earnings 1,749,147 1,520,897
1,752,147 1,523,897

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

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

The directors acknowledge their 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.

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.

Q CRANE HIRE LIMITED (REGISTERED NUMBER: 06128204)

BALANCE SHEET - continued
31ST AUGUST 2023



The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2024 and were signed on its behalf by:





Mr A J P Quinn - Director


Q CRANE HIRE LIMITED (REGISTERED NUMBER: 06128204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Q Crane Hire 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Q CRANE HIRE LIMITED (REGISTERED NUMBER: 06128204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st September 2022
and 31st August 2023 1,204,151
NET BOOK VALUE
At 31st August 2023 1,204,151
At 31st August 2022 1,204,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 558,332 451,832
Other debtors 11 11
558,343 451,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 100,000
Other creditors 10,347 32,097
10,347 132,097

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal 31/8/23 31/8/22
value:
2,250 Ordinary 'A' £1 2,250 2,250
150 Ordinary 'B' £1 150 150
450 Ordinary 'C' £1 450 450
50 Ordinary 'D' £1 50 50
50 Ordinary 'E' £1 50 50
50 Ordinary 'F' £1 50 50
3,000 3,000

The shares carry differential rights to dividends, but in all other respects rank pari passu.