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REGISTERED NUMBER: SC201641 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Caledonia Crane and Plant Hire Ltd

Caledonia Crane and Plant Hire Ltd (Registered number: SC201641)






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


Caledonia Crane and Plant Hire Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A Waldie
Ms S Waldie
Ms K Dixon





SECRETARY: Ms K Dixon





REGISTERED OFFICE: c/o McLay, McAlister & McGibbon Llp
145 St Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC201641 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Caledonia Crane and Plant Hire Ltd (Registered number: SC201641)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,081,981 1,018,790

CURRENT ASSETS
Stocks 19,000 22,000
Debtors 5 284,665 245,982
Cash at bank 425,070 254,160
728,735 522,142
CREDITORS
Amounts falling due within one year 6 (487,762 ) (465,927 )
NET CURRENT ASSETS 240,973 56,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,322,954

1,075,005

CREDITORS
Amounts falling due after more than one
year

7

(397,645

)

(273,975

)

PROVISIONS FOR LIABILITIES (270,495 ) (254,697 )
NET ASSETS 654,814 546,333

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 653,814 545,333
SHAREHOLDERS' FUNDS 654,814 546,333

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.

Caledonia Crane and Plant Hire Ltd (Registered number: SC201641)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Ms K Dixon - Director


Caledonia Crane and Plant Hire Ltd (Registered number: SC201641)

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

1. STATUTORY INFORMATION

Caledonia Crane and Plant Hire Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Mobile cranes -15% on cost
Plant and machinery -25% on cost
Motor vehicles -25% on cost
Fixtures and fittings -25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

Caledonia Crane and Plant Hire Ltd (Registered number: SC201641)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired

Cash and cash equivalent
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 1,307,985 1,716 46,649 1,356,350
Additions 533,206 1,464 57,159 591,829
Disposals (361,544 ) - (15,265 ) (376,809 )
At 30 November 2023 1,479,647 3,180 88,543 1,571,370
DEPRECIATION
At 1 December 2022 310,835 1,716 25,009 337,560
Charge for year 242,788 366 15,885 259,039
Eliminated on disposal (107,210 ) - - (107,210 )
At 30 November 2023 446,413 2,082 40,894 489,389
NET BOOK VALUE
At 30 November 2023 1,033,234 1,098 47,649 1,081,981
At 30 November 2022 997,150 - 21,640 1,018,790

Included within tangible fixed assets are assets held under hire purchase with a combined cost of £1,106,159 (2022; £735,734) and a Net Book Value of £720,649 (2022: £503,110).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 284,665 245,982

Caledonia Crane and Plant Hire Ltd (Registered number: SC201641)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 214,154 150,908
Trade creditors 38,676 58,932
Taxation and social security 66,501 97,179
Other creditors 168,431 158,908
487,762 465,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 397,645 273,975

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 611,799 424,883

The company's bank accounts are secured by way of a Bond and Floating Charge.
Assets held under hire purchase are secured against the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end an amount of £136,874 (2022: £133,874) was owed to the directors. These loans are interest free and repayable on demand.