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REGISTERED NUMBER: 07232097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

JR CRANE SERVICES LTD

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




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 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,163 528,188

CURRENT ASSETS
Debtors 5 1,947,776 2,051,375
Cash at bank and in hand 583,240 394,838
2,531,016 2,446,213
CREDITORS
Amounts falling due within one year 6 399,844 513,129
NET CURRENT ASSETS 2,131,172 1,933,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,622,335

2,461,272

CREDITORS
Amounts falling due after more than one
year

7

(123,046

)

(260,895

)

PROVISIONS FOR LIABILITIES (15,336 ) (22,594 )
NET ASSETS 2,483,953 2,177,783

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,483,753 2,177,583
SHAREHOLDERS' FUNDS 2,483,953 2,177,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 2024


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 19 July 2024 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 2024

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Computer
Freehold Motor & office
property vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 388,484 245,532 49,693 683,709
Additions - - 1,170 1,170
Disposals - (14,284 ) (99 ) (14,383 )
At 30 April 2024 388,484 231,248 50,764 670,496
DEPRECIATION
At 1 May 2023 1,493 136,890 17,138 155,521
Charge for year 2,569 27,160 5,032 34,761
Eliminated on disposal - (10,894 ) (55 ) (10,949 )
At 30 April 2024 4,062 153,156 22,115 179,333
NET BOOK VALUE
At 30 April 2024 384,422 78,092 28,649 491,163
At 30 April 2023 386,991 108,642 32,555 528,188

Included in cost of land and buildings is freehold land of £ 260,000 (2023 - £ 260,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 727,362 1,140,282
Other debtors 1,220,414 911,093
1,947,776 2,051,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,249 18,169
Hire purchase contracts 13,685 23,173
Trade creditors 208,190 341,755
Taxation and social security 147,839 120,274
Other creditors 8,881 9,758
399,844 513,129

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 122,116 246,604
Hire purchase contracts 930 14,291
123,046 260,895

JR CRANE SERVICES LTD (REGISTERED NUMBER: 07232097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 17,954 154,762

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 143,365 264,773
Hire purchase contracts 14,615 37,464
157,980 302,237

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. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
J Robey
Balance outstanding at start of year 112,248 116,428
Amounts advanced 143,518 112,820
Amounts repaid (113,000 ) (117,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 142,766 112,248

Interest of £2,669 at the rate of 2% p.a was charged on the above loan in the year and is included in the balance.