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REGISTERED NUMBER: 04418675 (England and Wales)
























Berry Cranes Limited

Financial Statements for the Year Ended 31st May 2024






Berry Cranes Limited (Registered number: 04418675)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Berry Cranes Limited

Company Information
for the Year Ended 31st May 2024







Director: N Berry





Registered office: Unit 2 Jacks Hill Estate
Watling Street
Towcester
Northampton
NN12 8ET





Registered number: 04418675 (England and Wales)





Accountants: A.J. Lewis
Chartered Accountant
Lewis & Son Accountants Limited
37 Stoke Road
Blisworth
Northampton
NN7 3BZ

Berry Cranes Limited (Registered number: 04418675)

Abridged Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 3 2,342,855 2,455,681
Investments 4 1,206,275 1,206,275
3,549,130 3,661,956

Current assets
Stocks 10,450 7,050
Debtors 219,438 415,496
Cash at bank and in hand 1,400,211 1,274,169
1,630,099 1,696,715
Creditors
Amounts falling due within one year 1,817,111 2,001,137
Net current liabilities (187,012 ) (304,422 )
Total assets less current liabilities 3,362,118 3,357,534

Creditors
Amounts falling due after more than one
year

(355,989

)

(277,196

)

Provisions for liabilities (575,279 ) (498,174 )
Net assets 2,430,850 2,582,164

Capital and reserves
Called up share capital 100 100
Retained earnings 2,430,750 2,582,064
2,430,850 2,582,164

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

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

Berry Cranes Limited (Registered number: 04418675)

Abridged Balance Sheet - continued
31st May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31st May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 23rd August 2024 and were signed by:





N Berry - Director


Berry Cranes Limited (Registered number: 04418675)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. 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.

Preparation of consolidated financial statements
The financial statements contain information about Berry Cranes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
The company recognises revenue to the extent that it obtains the right to consideration exchange for its performance under the contract. The right to consideration arises when some, but not necessarily all, of the contractual obligations have been fulfilled.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Stock and work in progress
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 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.


Berry Cranes Limited (Registered number: 04418675)

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


1. Accounting policies - continued
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.

Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pension costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Deferred tax
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

2. Employees and directors

The average number of employees during the year was 16 (2023 - 15 ) .

Berry Cranes Limited (Registered number: 04418675)

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


3. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1st June 2023 3,092,471 190,309 3,282,780
Additions 546,565 98,725 645,290
Disposals (657,182 ) (128,997 ) (786,179 )
At 31st May 2024 2,981,854 160,037 3,141,891
Depreciation
At 1st June 2023 792,537 34,562 827,099
Charge for year 367,764 21,268 389,032
Eliminated on disposal (388,368 ) (28,727 ) (417,095 )
At 31st May 2024 771,933 27,103 799,036
Net book value
At 31st May 2024 2,209,921 132,934 2,342,855
At 31st May 2023 2,299,934 155,747 2,455,681

4. Fixed asset investments

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1st June 2023
and 31st May 2024 1,206,275
Net book value
At 31st May 2024 1,206,275
At 31st May 2023 1,206,275

5. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 624,392 457,529