IRIS Accounts Production v24.1.0.578 01848222 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018482222022-11-30018482222023-11-30018482222022-12-012023-11-30018482222021-11-30018482222021-12-012022-11-30018482222022-11-3001848222ns15:EnglandWales2022-12-012023-11-3001848222ns14:PoundSterling2022-12-012023-11-3001848222ns10:Director12022-12-012023-11-3001848222ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3001848222ns10:SmallEntities2022-12-012023-11-3001848222ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3001848222ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3001848222ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3001848222ns10:FullAccounts2022-12-012023-11-3001848222ns10:OrdinaryShareClass12022-12-012023-11-3001848222ns10:Director22022-12-012023-11-3001848222ns10:CompanySecretary12022-12-012023-11-3001848222ns10:RegisteredOffice2022-12-012023-11-3001848222ns5:CurrentFinancialInstruments2023-11-3001848222ns5:CurrentFinancialInstruments2022-11-3001848222ns5:Non-currentFinancialInstruments2023-11-3001848222ns5:Non-currentFinancialInstruments2022-11-3001848222ns5:ShareCapital2023-11-3001848222ns5:ShareCapital2022-11-3001848222ns5:RetainedEarningsAccumulatedLosses2023-11-3001848222ns5:RetainedEarningsAccumulatedLosses2022-11-3001848222ns5:PlantMachinery2022-12-012023-11-3001848222ns5:PlantMachinery2022-11-3001848222ns5:PlantMachinery2023-11-3001848222ns5:PlantMachinery2022-11-3001848222ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3001848222ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3001848222ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 01848222 (England and Wales)















CRANEGRADE LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2023






CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CRANEGRADE LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D C Turner
R D Turner





SECRETARY: Mrs J P Turner





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 01848222 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Stocks 15,130 16,363
Debtors 5 72,054 81,628
Cash at bank 2,807 2,774
89,991 100,765
CREDITORS
Amounts falling due within one year 6 165,078 138,918
NET CURRENT LIABILITIES (75,087 ) (38,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(75,086

)

(38,152

)

CREDITORS
Amounts falling due after more than one
year

7

31,946

37,502
NET LIABILITIES (107,032 ) (75,654 )

CAPITAL AND RESERVES
Called up share capital 8 7,500 7,500
Retained earnings (114,532 ) (83,154 )
SHAREHOLDERS' FUNDS (107,032 ) (75,654 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





R D Turner - Director


CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Cranegrade 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.

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 cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 1,457
DEPRECIATION
At 1 December 2022
and 30 November 2023 1,456
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 56,527 66,464
Other debtors 15,527 15,164
72,054 81,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 95,000 61,689
Taxation and social security 24,085 26,873
Other creditors 40,437 44,800
165,078 138,918

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 31,945 37,501
Other creditors 1 1
31,946 37,502

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,722 15,278

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
7,500 Ordinary 1.00 7,500 7,500

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C Turner.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cranegrade Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cranegrade Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cranegrade Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cranegrade Limited and state those matters that we have agreed to state to the Board of Directors of Cranegrade Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cranegrade Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cranegrade Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cranegrade Limited. You consider that Cranegrade Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cranegrade Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


25 July 2024