IRIS Accounts Production v24.3.2.46 03462517 Board of Directors 1.5.23 30.4.24 30.4.24 true true false true true false false false true false Ordinary B 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034625172023-04-30034625172024-04-30034625172023-05-012024-04-30034625172022-04-30034625172022-05-012023-04-30034625172023-04-3003462517ns15:EnglandWales2023-05-012024-04-3003462517ns14:PoundSterling2023-05-012024-04-3003462517ns10:Director12023-05-012024-04-3003462517ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003462517ns10:FRS1022023-05-012024-04-3003462517ns10:Audited2023-05-012024-04-3003462517ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-05-012024-04-3003462517ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-05-012024-04-3003462517ns10:FullAccounts2023-05-012024-04-300346251712023-05-012024-04-3003462517ns10:OrdinaryShareClass22023-05-012024-04-3003462517ns10:OrdinaryShareClass12023-05-012024-04-3003462517ns10:Director22023-05-012024-04-3003462517ns10:Director32023-05-012024-04-3003462517ns10:Director42023-05-012024-04-3003462517ns10:CompanySecretary12023-05-012024-04-3003462517ns10:RegisteredOffice2023-05-012024-04-3003462517ns5:RetainedEarningsAccumulatedLosses2023-04-3003462517ns5:RetainedEarningsAccumulatedLosses2022-04-3003462517ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-3003462517ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-3003462517ns5:RetainedEarningsAccumulatedLosses2024-04-3003462517ns5:RetainedEarningsAccumulatedLosses2023-04-3003462517ns5:CurrentFinancialInstruments2024-04-3003462517ns5:CurrentFinancialInstruments2023-04-3003462517ns5:Non-currentFinancialInstruments2024-04-3003462517ns5:Non-currentFinancialInstruments2023-04-3003462517ns5:ShareCapital2024-04-3003462517ns5:ShareCapital2023-04-3003462517ns5:SharePremium2024-04-3003462517ns5:SharePremium2023-04-3003462517ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3003462517ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-300346251712023-05-012024-04-300346251712022-05-012023-04-3003462517ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003462517ns5:ReportableOperatingSegment12023-05-012024-04-3003462517ns5:ReportableOperatingSegment12022-05-012023-04-3003462517ns5:ReportableOperatingSegment22023-05-012024-04-3003462517ns5:ReportableOperatingSegment22022-05-012023-04-3003462517ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-05-012024-04-3003462517ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2022-05-012023-04-3003462517ns15:UnitedKingdom2023-05-012024-04-3003462517ns15:UnitedKingdom2022-05-012023-04-3003462517ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2023-05-012024-04-3003462517ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2022-05-012023-04-3003462517ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-05-012024-04-3003462517ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-05-012023-04-3003462517ns5:OwnedAssets2023-05-012024-04-3003462517ns5:OwnedAssets2022-05-012023-04-3003462517ns5:LeasedAssets2023-05-012024-04-3003462517ns5:LeasedAssets2022-05-012023-04-3003462517112023-05-012024-04-3003462517112022-05-012023-04-3003462517122023-05-012024-04-3003462517122022-05-012023-04-300346251722023-05-012024-04-300346251722022-05-012023-04-3003462517ns5:HirePurchaseContracts2023-05-012024-04-3003462517ns5:HirePurchaseContracts2022-05-012023-04-3003462517ns10:OrdinaryShareClass12022-05-012023-04-3003462517ns10:OrdinaryShareClass22022-05-012023-04-3003462517ns5:NetGoodwill2023-04-3003462517ns5:NetGoodwill2024-04-3003462517ns5:NetGoodwill2023-04-3003462517ns5:LandBuildings2023-04-3003462517ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-3003462517ns5:PlantMachinery2023-04-3003462517ns5:LandBuildings2023-05-012024-04-3003462517ns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3003462517ns5:PlantMachinery2023-05-012024-04-3003462517ns5:LandBuildings2024-04-3003462517ns5:ShortLeaseholdAssetsns5:LandBuildings2024-04-3003462517ns5:PlantMachinery2024-04-3003462517ns5:LandBuildings2023-04-3003462517ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-3003462517ns5:PlantMachinery2023-04-3003462517ns5:FurnitureFittings2023-04-3003462517ns5:MotorVehicles2023-04-3003462517ns5:FurnitureFittings2023-05-012024-04-3003462517ns5:MotorVehicles2023-05-012024-04-3003462517ns5:FurnitureFittings2024-04-3003462517ns5:MotorVehicles2024-04-3003462517ns5:FurnitureFittings2023-04-3003462517ns5:MotorVehicles2023-04-3003462517ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3003462517ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3003462517ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3003462517ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3003462517ns5:CostValuation2023-04-3003462517ns5:Subsidiary12023-05-012024-04-3003462517ns5:Subsidiary112023-05-012024-04-3003462517ns5:Subsidiary12024-04-3003462517ns5:Subsidiary12023-04-3003462517ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003462517ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003462517ns5:Non-currentFinancialInstruments2023-05-012024-04-3003462517ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003462517ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003462517ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3003462517ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3003462517ns5:HirePurchaseContracts2024-04-3003462517ns5:HirePurchaseContracts2023-04-3003462517ns5:WithinOneYear2024-04-3003462517ns5:WithinOneYear2023-04-3003462517ns5:BetweenOneFiveYears2024-04-3003462517ns5:BetweenOneFiveYears2023-04-3003462517ns5:AllPeriods2024-04-3003462517ns5:AllPeriods2023-04-3003462517ns5:Secured2024-04-3003462517ns5:Secured2023-04-3003462517ns5:DeferredTaxation2023-04-3003462517ns5:DeferredTaxation2023-05-012024-04-3003462517ns5:DeferredTaxation2024-04-3003462517ns10:OrdinaryShareClass22024-04-3003462517ns10:OrdinaryShareClass12024-04-3003462517ns5:SharePremium2023-04-3003462517ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-30
REGISTERED NUMBER: 03462517 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SOUTHERN CRANES & ACCESS LTD

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 8

Balance Sheet 9

Cash Flow Statement 10

Notes to the Financial Statements 11


SOUTHERN CRANES & ACCESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C S Sadler
M P Sadler
R Sadler
K Prince





SECRETARY: A Sadler





REGISTERED OFFICE: Winterfields Farm
Wiggonholt
Pulborough
West Sussex
RH20 2EJ





REGISTERED NUMBER: 03462517 (England and Wales)





AUDITORS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their strategic report for the year ended 30 April 2024.

REVIEW OF BUSINESS
This financial year has seen improvement with increased turnover attributable to growth in the construction sector in general and our own investment into new machinery such as the Roto Telehandlers and Spider Cranes.

We have continued with our current replacement programme maintaining our modern fleet of machines. We will continue to expand in the coming year.

1. Gross profit which has risen to £6,135,121 (35%) from £5,794,879 (35%).
2. Results before tax have risen to a profit of £2,551,999 from £2,467,376.

We have continued with our commitment to health and safety best practice throughout our business as we seek to improve the services we deliver and maintain our low accident frequency rate. It is our belief that a good strong health and safety performance is key to achieving an efficient and cost-effective business environment.

PRINCIPAL RISKS AND UNCERTAINTIES
In recent years, there has been a growing concern about the environmental impact of traditional heavy oil powered vehicles as well as a UK government commitment to phase out the sale of these vehicles by 2035. As a result, Southern Cranes and Access is investing in improving its environmental credentials in alternative modes of powered plant, equipment and transport that are more eco-friendly.

Although it is not possible to replace all our existing fleet with electric or alternative fuelled equipment, we have made a considerable investment into electric powered cranes.

The electric powered spider cranes, also known as mini-cranes, are a type of compact lifting equipment that has become increasingly popular due to their ability to lift heavy loads in confined spaces as well as being particularly useful for construction and maintenance projects in urban areas where space is limited. These compliment our mobile tower cranes that can run on both their existing diesel engines but also on a mains electrical supply when operating on site.

However, these investments into electric vehicles alone will not provide a meaningful benefit if we consume fossil fuels to recharge them, so as part of this, company strategy involves investigating and sourcing alternative energy supply with the company exploring installation of photovoltaic solar panels to capture the sun's energy and convert it into electricity.

This year we also made an investment in new machines to revitalise our existing fleet with new greener, more efficient models where there are no opportunities to invest in electric powered plant.

To further add to this, we have diversified the business strategy, expanding into the film and media sector with an investment in Rotating Telescopic Handlers. These Rotating Telehandlers (Roto) offer continuous 360-degree reach capabilities combined with impressive load heights, efficient load handling and incredible versatility combining the advantages of a telehandler, a crane and an access platform in one unit.

ON BEHALF OF THE BOARD:





C S Sadler - Director


29 January 2025

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of both operated and non-operated cranes and access equipment for hire.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 was £267,291 (2023: £368,906).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

C S Sadler
M P Sadler
R Sadler
K Prince

FINANCIAL INSTRUMENTS
The directors believe the company is exposed to normal levels of price risk, credit and interest rate risk, liquidity risk and cash flow risks and manage these through standard risk management objectives and policies without the use of hedging or other advanced financial instruments.

DISCLOSURE IN THE STRATEGIC REPORT
The company's business activities, along with relevant factors likely to affect its future development and position, are set out in the strategic report.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


AUDITORS
The auditors, Lewis Brownlee (Chichester) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





C S Sadler - Director


29 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SOUTHERN CRANES & ACCESS LTD


Opinion
We have audited the financial statements of Southern Cranes & Access Ltd (the 'company') for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SOUTHERN CRANES & ACCESS LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other
management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial
statements or the operations of the company, including legislation such as the Companies Act 2006, taxation
legislation and the Health and Safety at Work Act;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence, where applicable; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SOUTHERN CRANES & ACCESS LTD

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in the
accounting policies were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors, where applicable.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Sam Ede BFP FCA FCCA (Senior Statutory Auditor)
for and on behalf of Lewis Brownlee (Chichester) Limited
Chartered Accountants
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

29 January 2025

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £ £

TURNOVER 3 17,446,591 16,580,779

Cost of sales 11,311,470 10,785,900
GROSS PROFIT 6,135,121 5,794,879

Administrative expenses 3,426,889 3,141,473
2,708,232 2,653,406

Other operating income 4 327,588 281,094
OPERATING PROFIT 6 3,035,820 2,934,500

Interest receivable and similar income 61,494 15,848
3,097,314 2,950,348

Interest payable and similar expenses 7 545,315 482,972
PROFIT BEFORE TAXATION 2,551,999 2,467,376

Tax on profit 8 592,920 96,379
PROFIT FOR THE FINANCIAL YEAR 1,959,079 2,370,997

Retained earnings at beginning of year 10,411,568 8,409,477

Dividends 9 (267,291 ) (368,906 )

RETAINED EARNINGS AT END OF YEAR 12,103,356 10,411,568

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 22,197,201 19,373,931
Investments 12 62,000 62,000
22,259,201 19,435,931

CURRENT ASSETS
Stocks 13 101,662 101,690
Debtors 14 3,080,364 3,744,208
Cash at bank 2,272,484 2,559,966
5,454,510 6,405,864
CREDITORS
Amounts falling due within one year 15 5,218,727 5,511,386
NET CURRENT ASSETS 235,783 894,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,494,984

20,330,409

CREDITORS
Amounts falling due after more than one year 16 (7,514,868 ) (7,635,001 )

PROVISIONS FOR LIABILITIES 20 (2,653,398 ) (2,060,478 )
NET ASSETS 12,326,718 10,634,930

CAPITAL AND RESERVES
Called up share capital 21 840 840
Share premium 22 70,193 70,193
Other reserves 22 152,329 152,329
Retained earnings 22 12,103,356 10,411,568
SHAREHOLDERS' FUNDS 12,326,718 10,634,930

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





C S Sadler - Director


SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £ £
Cash flows from operating activities
Cash generated from operations 25 6,133,796 4,741,591
Interest paid (10,020 ) 27
Interest element of hire purchase payments
paid

(535,295

)

(482,414

)
Tax paid - 97,469
Net cash from operating activities 5,588,481 4,356,673

Cash flows from investing activities
Purchase of tangible fixed assets (3,208,206 ) (1,157,104 )
Sale of tangible fixed assets 2,563,272 1,727,897
Interest received 61,494 15,848
Net cash from investing activities (583,440 ) 586,641

Cash flows from financing activities
Net capital repayments on HP contracts (5,152,161 ) (3,903,659 )
Amount introduced by directors 243,772 1,389
Amount withdrawn by directors (151,644 ) (42,824 )
Net advances from related parties - 64,456
Equity dividends paid (267,291 ) (321,743 )
Net cash from financing activities (5,327,324 ) (4,202,381 )

(Decrease)/increase in cash and cash equivalents (322,283 ) 740,933
Cash and cash equivalents at beginning
of year

26

2,542,019

1,801,086
Effect of foreign exchange rate changes 15,459 -
Cash and cash equivalents at end of year 26 2,235,195 2,542,019

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Southern Cranes & Access Ltd 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£), which is also the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Southern Cranes and Access Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the exemption under Section 405 of the Companies Act 2006 not to prepare consolidated financial statements.

Significant judgements and estimates
Application of the accounting policies in the preparation of the financial statements requires the directors to apply judgement involving assumptions and estimates concerning future results and other developments, including the likelihood, timing or amount of future transactions or events. There can be no assurance that actual results will not materially differ from those estimates.

Estimates and underlying expectations are continually evaluated and are based on historical experience and other factors, including expectations of future events that are reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

The directors have made the following judgements:

- Determine the rates of depreciation on cranes in plant and machinery. The policy not to depreciate cranes below 30% of cost and to reduce the depreciation rate to 10% if over 3 years is based on the knowledge of the directors of the economic viability and expected future financial performance of the asset.

- Determine whether leases entered into by the company are operating leases or finance leases/hire purchase contracts. These decisions depend on an assessment of whether the risk and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are addressed below:

Useful economic lives of plant and machinery:
The annual depreciation charge for plant and machinery is sensitive to changes in the estimated useful economic lives and residual values of the assets. Tangible fixed assets are depreciated over their useful lives taking into account residual value, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. These factors contain a degree of estimation, this being the remaining life of the asset based on the current condition and residual values based on future market conditions. See the 'Tangible fixed assets' note for the carrying amount of plant and machinery, and 'Tangible fixed assets' accounting policy for the depreciation policy used.

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year arising from ordinary activities of the business. The revenue streams are: equipment hire with operator, equipment hire without operator, contract lift work, and the re-hire of cranes.

Revenue comprises the agreed fees, plus any additional variations, and is recognised over the period that the service relates to. The revenue is recognised when it is probable that the company will receive the consideration due under the transaction.

Rental income is recognised in the period to which it relates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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:

Freehold property-at varying rates on cost
Short leasehold-in accordance with property lease
Plant and machinery-at varying rates on cost between 20% - 36%
Fixtures and fittings-25% on cost
Motor vehicles-25% on cost

Cranes which are included in plant and machinery are depreciated, after estimated residual values, at 12.5% on cost reducing to 10% on cost if over 3 years old.

Land is not depreciated.

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

Assets are reviewed for any impairment to their value to below cost, and written down accordingly if appropriate.

Stocks
Stocks are consumable items valued at cost less any provision required for obsolescence and damage.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. 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 using the sum of digits method.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Financial instruments
Trade and other debtors
Trade and other debtors are initially measured at cost and thereafter stated at amortised cost using the effective interest method, less any impairment except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at cost and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£ £
Hiring plant and equipment 16,882,256 15,997,341
Rehired plant and equipment 564,335 583,438
17,446,591 16,580,779

An analysis of turnover by geographical market is given below:

2024 2023
£ £
United Kingdom 17,446,591 16,580,779
17,446,591 16,580,779

4. OTHER OPERATING INCOME
2024 2023
£ £
Sundry receipts 327,588 281,094

5. EMPLOYEES AND DIRECTORS
2024 2023
£ £
Wages and salaries 5,376,068 4,911,601
Social security costs 596,185 561,124
Other pension costs 434,015 89,932
6,406,268 5,562,657

The average number of employees during the year was as follows:
2024 2023

Operational staff 72 66
Administrative staff 30 31
102 97

2024 2023
£ £
Directors' remuneration 55,337 29,643
Directors' pension contributions to money purchase schemes 330,227 -

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

The directors are considered to be the only key management personnel.

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£ £
Hire of plant and machinery 93,107 97,530
Depreciation - owned assets 914,171 459,652
Depreciation - assets on hire purchase contracts 2,571,243 2,397,862
Profit on disposal of fixed assets (862,437 ) (765,479 )
Auditors' remuneration 22,000 22,000
Foreign exchange differences (140,725 ) 159,145
Auditors' remuneration for non-audit services 19,836 9,387
Under-provision of auditors' remuneration for non-audit services 9,500 -

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£ £
Other interest paid 10,020 558
Hire purchase interest 535,295 482,414
545,315 482,972

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£ £
Deferred tax 592,920 96,379
Tax on profit 592,920 96,379

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£ £
Profit before tax 2,551,999 2,467,376
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

638,000

616,844

Effects of:
Expenses not deductible for tax purposes 16,648 19,499
Impact of super deduction - (539,964 )
Adjustment to deferred tax in respect of previous periods (61,728 ) -
Total tax charge 592,920 96,379

9. DIVIDENDS
2024 2023
£ £
Ordinary A shares of £1 each
Interim 179,931 152,706
Ordinary B shares of £1 each
Interim 87,360 216,200
267,291 368,906

10. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 130,000
AMORTISATION
At 1 May 2023
and 30 April 2024 130,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£ £ £
COST
At 1 May 2023 1,086,870 86,798 30,455,401
Additions 88,115 - 7,605,055
Disposals - - (4,333,957 )
At 30 April 2024 1,174,985 86,798 33,726,499
DEPRECIATION
At 1 May 2023 56,887 79,191 12,573,170
Charge for year 38,684 913 3,229,462
Eliminated on disposal - - (2,633,122 )
At 30 April 2024 95,571 80,104 13,169,510
NET BOOK VALUE
At 30 April 2024 1,079,414 6,694 20,556,989
At 30 April 2023 1,029,983 7,607 17,882,231

Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 May 2023 194,567 1,339,427 33,163,063
Additions - 316,349 8,009,519
Disposals - (82,468 ) (4,416,425 )
At 30 April 2024 194,567 1,573,308 36,756,157
DEPRECIATION
At 1 May 2023 180,692 899,192 13,789,132
Charge for year 4,919 211,436 3,485,414
Eliminated on disposal - (82,468 ) (2,715,590 )
At 30 April 2024 185,611 1,028,160 14,558,956
NET BOOK VALUE
At 30 April 2024 8,956 545,148 22,197,201
At 30 April 2023 13,875 440,235 19,373,931

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
COST
At 1 May 2023 20,251,549
Additions 4,801,312
Disposals (2,155,966 )
Reclassification/transfer (2,290,931 )
At 30 April 2024 20,605,964
DEPRECIATION
At 1 May 2023 5,671,235
Charge for year 2,571,243
Eliminated on disposal (1,097,755 )
Reclassification/transfer (1,460,579 )
At 30 April 2024 5,684,144
NET BOOK VALUE
At 30 April 2024 14,921,820
At 30 April 2023 14,580,314

12. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 May 2023
and 30 April 2024 62,000
NET BOOK VALUE
At 30 April 2024 62,000
At 30 April 2023 62,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Southern Contract Lifting Ltd
Registered office: Winterfields Farm, Wiggonholt, Pulborough, West Sussex, RH20 2EJ
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£ £
Aggregate capital and reserves 62,000 62,000

Southern Contract Lifting Ltd was dormant throughout the years ended 30 April 2024 and 30 April 2023.

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


13. STOCKS
2024 2023
£ £
Stocks 101,662 101,690

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,365,519 2,720,969
Other debtors 117,012 124,866
Directors' current accounts 4,399 -
Corporation tax 18,077 18,077
VAT 125,552 467,721
Prepayments and accrued income 449,805 412,575
3,080,364 3,744,208

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 17) 37,289 17,947
Other loans (see note 17) - 345
Hire purchase contracts (see note 18) 3,448,311 3,804,294
Trade creditors 684,138 700,327
Social security and other taxes 131,091 173,884
Other creditors 578,067 611,234
Directors' current accounts 161,795 65,268
Accruals and deferred income 178,036 138,087
5,218,727 5,511,386

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 18) 7,514,868 7,635,001

The balances under hire purchase contracts are secured on the assets concerned.

17. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 37,289 17,947
Other loans - 345
37,289 18,292

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 3,448,311 3,804,294
Between one and five years 7,514,868 7,635,001
10,963,179 11,439,295

Non-cancellable
operating leases
2024 2023
£ £
Within one year 224,011 224,354
Between one and five years 449,252 666,026
673,263 890,380

19. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 37,289 17,947
Hire purchase contracts 10,963,179 11,439,295
11,000,468 11,457,242

Hire purchase liabilities are secured over the assets to which they relate.

There is a charge over all of the assets of the company as they have been pledged as security in respect of the company's banking facilities.

20. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 2,653,398 2,060,478

Deferred tax
£
Balance at 1 May 2023 2,060,478
Charge to Statement of Comprehensive Income during year 592,920
Balance at 30 April 2024 2,653,398

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


20. PROVISIONS FOR LIABILITIES - continued

The deferred tax liability is made up of the following components:

£
Accelerated capital allowances5,121,498
Tax losses carried forward (2,465,887)
Unpaid employer pension contributions (2,213)
2,653,398

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
140 Ordinary B £1 140 140

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
700 Ordinary A £1 700 700

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to vote at meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.

22. RESERVES
Retained Share Other
earnings premium reserves Totals
£ £ £ £

At 1 May 2023 10,411,568 70,193 152,329 10,634,090
Profit for the year 1,959,079 - - 1,959,079
Dividends (267,291 ) - - (267,291 )
At 30 April 2024 12,103,356 70,193 152,329 12,325,878

23. PENSION COMMITMENTS

The company operates a defined contribution scheme. At the balance sheet date, outstanding pension contributions were £18,599 (2023: £18,912).

SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


24. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £232,479 (2023: £252,635) to a company under common control. No interest was charged on the loan during the current or previous year. During the year, the company made sales of £47,562 (2023: £132,710) to and purchases of £472,434 (2023: £315,952) from the company under common control.

At the balance sheet date, the company owed £62,000 (2023: £62,000) to its subsidiary Southern Contract Lifting Ltd. The company acquired the net assets of the subsidiary as a result of the merger between the two companies. No interest was charged on the loan in the current or previous year.

During the year, directors were made advances of £98,173 (2023: £Nil) and made repayments of £93,774 (2023: £Nil). Directors’ current account balances at the balance sheet date are shown in notes 14 and 15, all balances have no fixed terms of repayment and interest is charged at the HMRC official rate or at 2% above the HMRC official rate.

25. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£ £
Profit before taxation 2,551,999 2,467,376
Depreciation charges 3,485,414 2,857,409
Profit on disposal of fixed assets (862,437 ) (765,479 )
Foreign exchange (gains)/losses (140,725 ) 159,145
Finance costs 545,315 482,972
Finance income (61,494 ) (15,848 )
5,518,072 5,185,575
Decrease/(increase) in stocks 28 (3,490 )
Decrease/(increase) in trade and other debtors 668,242 (642,266 )
(Decrease)/increase in trade and other creditors (52,546 ) 201,772
Cash generated from operations 6,133,796 4,741,591

26. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30/4/24 1/5/23
£ £
Cash and cash equivalents 2,272,484 2,559,966
Bank overdrafts (37,289 ) (17,947 )
2,235,195 2,542,019
Year ended 30 April 2023
30/4/23 1/5/22
£ £
Cash and cash equivalents 2,559,966 1,842,713
Bank overdrafts (17,947 ) (41,627 )
2,542,019 1,801,086


SOUTHERN CRANES & ACCESS LTD (REGISTERED NUMBER: 03462517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


27. ANALYSIS OF CHANGES IN NET DEBT

Other
Foreign non-cash
At 1/5/23 Cash flow exchange changes At 30/4/24
£ £ £ £ £
Net cash
Cash at bank 2,559,966 (287,482 ) - 2,272,484
Bank overdrafts (17,947 ) (19,342 ) - (37,289 )
2,542,019 (306,824 ) - 2,235,195
Debt
Finance leases (11,439,295 ) 5,152,161 125,267 (4,801,312 ) (10,963,179 )
Debts falling due
within 1 year (345 ) 345 - - -
(11,439,640 ) 5,152,506 125,267 (4,801,312 ) (10,963,179 )
Total (8,897,621 ) 4,845,682 125,267 (4,801,312 ) (8,727,984 )

28. MAJOR NON-CASH TRANSACTIONS

During the year the company has acquired tangible fixed assets totalling £4,801,312 (2023: £6,298,059) under hire purchase contracts.