IRIS Accounts Production v24.1.9.2 03437641 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034376412023-03-31034376412024-03-31034376412023-04-012024-03-31034376412022-03-31034376412022-04-012023-03-31034376412023-03-3103437641ns15:EnglandWales2023-04-012024-03-3103437641ns14:PoundSterling2023-04-012024-03-3103437641ns10:Director12023-04-012024-03-3103437641ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103437641ns10:SmallEntities2023-04-012024-03-3103437641ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3103437641ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103437641ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103437641ns10:FullAccounts2023-04-012024-03-3103437641ns10:OrdinaryShareClass12023-04-012024-03-3103437641ns10:Director22023-04-012024-03-3103437641ns10:RegisteredOffice2023-04-012024-03-3103437641ns5:CurrentFinancialInstruments2024-03-3103437641ns5:CurrentFinancialInstruments2023-03-3103437641ns5:Non-currentFinancialInstruments2024-03-3103437641ns5:Non-currentFinancialInstruments2023-03-3103437641ns5:ShareCapital2024-03-3103437641ns5:ShareCapital2023-03-3103437641ns5:RetainedEarningsAccumulatedLosses2024-03-3103437641ns5:RetainedEarningsAccumulatedLosses2023-03-3103437641ns5:PlantMachinery2023-04-012024-03-3103437641ns5:FurnitureFittings2023-04-012024-03-3103437641ns5:MotorVehicles2023-04-012024-03-3103437641ns5:PlantMachinery2023-03-3103437641ns5:FurnitureFittings2023-03-3103437641ns5:MotorVehicles2023-03-3103437641ns5:PlantMachinery2024-03-3103437641ns5:FurnitureFittings2024-03-3103437641ns5:MotorVehicles2024-03-3103437641ns5:PlantMachinery2023-03-3103437641ns5:FurnitureFittings2023-03-3103437641ns5:MotorVehicles2023-03-3103437641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3103437641ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3103437641ns5:LeasedAssetsHeldAsLessee2023-03-3103437641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103437641ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103437641ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103437641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3103437641ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3103437641ns5:LeasedAssetsHeldAsLessee2024-03-3103437641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3103437641ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3103437641ns5:LeasedAssetsHeldAsLessee2023-03-3103437641ns5:CostValuation2023-03-3103437641ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103437641ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103437641ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103437641ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103437641ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3103437641ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3103437641ns5:HirePurchaseContracts2024-03-3103437641ns5:HirePurchaseContracts2023-03-3103437641ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 03437641 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Chris Allsop Crane Hire Limited

Chris Allsop Crane Hire Limited (Registered number: 03437641)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Chris Allsop Crane Hire Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R C Allsop
Mrs G E Allsop



REGISTERED OFFICE: Chris Allsop Industrial Park
Private Road 2
Colwick
Nottingham
Nottinghamshire
NG4 2JR



REGISTERED NUMBER: 03437641 (England and Wales)



ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD



BANKERS: Lloyds Bank plc
114 - 116 Colmore Row
Birmingham
West Midlands
B3 3BD

Chris Allsop Crane Hire Limited (Registered number: 03437641)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 102,561 132,585
Investments 5 100 100
102,661 132,685

CURRENT ASSETS
Debtors 6 1,384,905 1,328,423

CREDITORS
Amounts falling due within one year 7 (518,731 ) (483,482 )
NET CURRENT ASSETS 866,174 844,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,835

977,626

CREDITORS
Amounts falling due after more than one
year

8

(287,404

)

(343,740

)

PROVISIONS FOR LIABILITIES - (3,328 )
NET ASSETS 681,431 630,558

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 680,431 629,558
SHAREHOLDERS' FUNDS 681,431 630,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Chris Allsop Crane Hire Limited (Registered number: 03437641)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





R C Allsop - Director


Chris Allsop Crane Hire Limited (Registered number: 03437641)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Chris Allsop 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost, 20% on cost, 10% on cost and 10% on reducing balance
Fixtures and fittings - 33% on cost, 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance and 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Chris Allsop Crane Hire Limited (Registered number: 03437641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 269,481 8,892 16,430 294,803
Additions 583 1,316 - 1,899
At 31 March 2024 270,064 10,208 16,430 296,702
DEPRECIATION
At 1 April 2023 137,444 8,344 16,430 162,218
Charge for year 31,097 826 - 31,923
At 31 March 2024 168,541 9,170 16,430 194,141
NET BOOK VALUE
At 31 March 2024 101,523 1,038 - 102,561
At 31 March 2023 132,037 548 - 132,585

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 251,138 11,105 262,243
DEPRECIATION
At 1 April 2023 125,959 11,105 137,064
Charge for year 29,436 - 29,436
At 31 March 2024 155,395 11,105 166,500
NET BOOK VALUE
At 31 March 2024 95,743 - 95,743
At 31 March 2023 125,179 - 125,179

Chris Allsop Crane Hire Limited (Registered number: 03437641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,185 105,767
Amounts owed by group undertakings 731,161 722,315
Amounts owed by participating interests 459,140 494,794
Other debtors 5,419 5,547
1,384,905 1,328,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,878 18,426
Hire purchase contracts (see note 9) 91,848 86,000
Trade creditors 84,038 82,243
Amounts owed to participating interests 12,514 18,098
Amounts owed to associates 50,000 50,000
Taxation and social security 132,088 65,084
Other creditors 128,365 163,631
518,731 483,482

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,500 28,407
Hire purchase contracts (see note 9) 269,904 315,333
287,404 343,740

Chris Allsop Crane Hire Limited (Registered number: 03437641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 91,848 86,000
Between one and five years 269,904 315,333
361,752 401,333

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 361,752 401,333

Lloyds TSB Bank plc hold a debenture dated 18 February 2011 and an unlimited guarantee & letter set off dated 21 April 2009.

Hire purchase contracts are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

12. OTHER FINANCIAL COMMITMENTS

As at 31 March 2024, there were outstanding pension contributions of £793 (2022: £237).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chris Allsop Crane Hire 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 Chris Allsop Crane Hire Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Chris Allsop Crane Hire 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 Chris Allsop Crane Hire Limited and state those matters that we have agreed to state to the Board of Directors of Chris Allsop Crane Hire 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 Chris Allsop Crane Hire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chris Allsop Crane Hire 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 profit of Chris Allsop Crane Hire Limited. You consider that Chris Allsop Crane Hire 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 Chris Allsop Crane Hire 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


30 July 2024