JMC Cranes & Rigging Ltd
Registered number: SC507019
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 998 -
Current assets
Debtors 4 10,000 15,068
Cash at bank and in hand 1,722 248
11,722 15,316
Creditors: amounts falling due within one year 5 (32,400) (15,281)
Net current (liabilities)/assets (20,678) 35
Total assets less current liabilities (19,680) 35
Creditors: amounts falling due after more than one year 6 (89) (1)
Net (liabilities)/assets (19,769) 34
Capital and reserves
Called up share capital 10 10
Profit and loss account (19,779) 24
Shareholder's funds (19,769) 34
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J McIlduff
Director
Approved by the board on 12 February 2025
JMC Cranes & Rigging Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,094
At 31 May 2024 1,094
Depreciation
Charge for the year 96
At 31 May 2024 96
Net book value
At 31 May 2024 998
4 Debtors 2024 2023
£ £
Other debtors 10,000 15,068
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 31,680 14,561
Other creditors 720 720
32,400 15,281
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 89 1
7 Other information
JMC Cranes & Rigging Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
27 Broomlands Gardens
Erskine
PA8 7BL
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