Company Registration No. 14359871 (England and Wales)
Cornwall Cranes Ltd
Unaudited accounts
for the year ended 30 September 2024
Cornwall Cranes Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
58,024
49,176
Cash at bank and in hand
1,576
6,513
Creditors: amounts falling due within one year
(43,083)
(29,426)
Net current (liabilities)/assets
(32,884)
8,469
Total assets less current liabilities
25,140
57,645
Creditors: amounts falling due after more than one year
(14,494)
(29,700)
Profit and loss account
10,646
27,945
Shareholders' funds
10,646
27,945
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 February 2025 and were signed on its behalf by
Jordan Miles
Director
Company Registration No. 14359871
Cornwall Cranes Ltd
Notes to the Accounts
for the year ended 30 September 2024
Cornwall Cranes Ltd is a private company, limited by shares, registered in England and Wales, registration number 14359871. The registered office is 24 Hendra Close, Hendra, Stithians, Truro, Cornwall, TR3 7AL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
-
48,250
2,500
270
51,020
Additions
7,750
2,861
8,843
-
19,454
At 30 September 2024
7,750
51,111
11,343
270
70,474
At 1 October 2023
-
1,608
208
28
1,844
Charge for the year
129
9,568
861
48
10,606
At 30 September 2024
129
11,176
1,069
76
12,450
At 30 September 2024
7,621
39,935
10,274
194
58,024
At 30 September 2023
-
46,642
2,292
242
49,176
Cornwall Cranes Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
1,500
24,435
Deferred tax asset
5,094
-
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,306
10,800
Taxes and social security
(113)
1,558
Loans from directors
64
4,100
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,494
29,700
8
Transactions with related parties
At the year end, the company owed £64 to Mr J Miles, director. The loan is interest free and repayable after less than one year.
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).