SPECIALIST CONTRACT LIFTING LIMITED

Company Registration Number:
07274255 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

SPECIALIST CONTRACT LIFTING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

SPECIALIST CONTRACT LIFTING LIMITED

Company Information

for the Period Ended 30 June 2024




Director: A J Collins
Secretary: A J Collins
Registered office: 3
Banckside
Hartley
Longfield
Kent
DA3 7RD
Company Registration Number: 07274255 (England and Wales)

SPECIALIST CONTRACT LIFTING LIMITED

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal Activities

The principal activity of the company in the period under review continues to be that of providing crane hire and contract lifting services.

Political and charitable donations

During the year the company did not make any political or charitable contributions.

Directors

The directors shown below have held office during the whole of the period from 01 July 2023 to 30 June 2024
A J Collins

Secretary
A J Collins

This report was approved by the board of directors on 22 November 2024
And Signed On Behalf Of The Board By:

Name: A J Collins
Status: Director

SPECIALIST CONTRACT LIFTING LIMITED

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Turnover 141,625 436,653
Cost of sales ( 52,215 ) ( 160,641 )
Gross Profit or (Loss) 89,410 276,012
Administrative Expenses ( 54,357 ) ( 167,401 )
Operating Profit or (Loss) 35,053 108,611
Profit or (Loss) Before Tax 35,053 108,611
Tax on Profit ( 8,799 ) ( 27,261 )
Profit or (Loss) for Period 26,254 81,350

The notes form part of these financial statements

SPECIALIST CONTRACT LIFTING LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 28,561 35,767
Total fixed assets: 28,561 35,767
Current assets
Debtors: 6 39,730 54,640
Cash at bank and in hand: 976,572 1,035,625
Total current assets: 1,016,302 1,090,265
Creditors: amounts falling due within one year: 7 ( 122,891 ) ( 140,314 )
Net current assets (liabilities): 893,411 949,951
Total assets less current liabilities: 921,972 985,718
Total net assets (liabilities): 921,972 985,718

The notes form part of these financial statements

SPECIALIST CONTRACT LIFTING LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 921,872 985,618
Shareholders funds: 921,972 985,718

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 November 2024
And Signed On Behalf Of The Board By:

Name: A J Collins
Status: Director

The notes form part of these financial statements

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    The accounts have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Motor vehicles :- 25% on reducing balance; Plant and machinery :- 25% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed when circumstances indicate that the carrying value of an asset may not be fully recoverable.

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 2

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Dividends


2024
£

2023
£
Dividends paid 90,000 85,000

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 July 2023 55,189 84,932 140,121
Additions 2,315 - 2,315
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 June 2024 57,504 84,932 142,436
Depreciation
At 01 July 2023 44,075 60,279 104,354
Charge for year 3,358 6,163 9,521
On disposals - - -
Other adjustments - - -
At 30 June 2024 47,433 66,442 113,875
Net book value
At 30 June 2024 10,071 18,490 28,561
At 30 June 2023 11,114 24,653 35,767

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Debtors


2024
£

2023
£
Trade debtors 39,730 54,280
Other debtors 0 360
Total 39,730 54,640

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 32,625 45,118
Trade creditors 19,180 24,742
Taxation and social security 8,799 42,472
Other creditors 62,287 27,982
Total 122,891 140,314

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 8. Financial Commitments

    There were no capital commitments either contracted for or authorised by the director but not contracted for at 30 June 2024 (2023: £nil).

SPECIALIST CONTRACT LIFTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 9. Post balance sheet events

    There were no significant post balance sheet events.