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REGISTERED NUMBER: 09699977 (England and Wales)















Marsden Crane Services Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Marsden Crane Services Ltd (Registered number: 09699977)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marsden Crane Services Ltd

Company Information
for the year ended 31 July 2024







DIRECTORS: L Marsden
D Marsden
B Marsden





REGISTERED OFFICE: 38 Church Lane
Wrightington
Wigan
Lancashire
WN6 9SL





REGISTERED NUMBER: 09699977 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Marsden Crane Services Ltd (Registered number: 09699977)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,379,891 2,727,675

CURRENT ASSETS
Debtors 5 699,513 822,905
Cash at bank 577,626 312,574
1,277,139 1,135,479
CREDITORS
Amounts falling due within one year 6 532,325 427,080
NET CURRENT ASSETS 744,814 708,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,124,705

3,436,074

CREDITORS
Amounts falling due after more than one
year

7

(711,325

)

(914,692

)

PROVISIONS FOR LIABILITIES 9 (831,102 ) (621,870 )
NET ASSETS 2,582,278 1,899,512

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 2,581,978 1,899,212
SHAREHOLDERS' FUNDS 2,582,278 1,899,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Marsden Crane Services Ltd (Registered number: 09699977)

Balance Sheet - continued
31 July 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





L Marsden - Director


Marsden Crane Services Ltd (Registered number: 09699977)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Marsden Crane Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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

Marsden Crane Services Ltd (Registered number: 09699977)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 August 2023 5,162,079 93,645 5,255,724
Additions 1,513,453 81,592 1,595,045
Disposals (360,738 ) - (360,738 )
At 31 July 2024 6,314,794 175,237 6,490,031
DEPRECIATION
At 1 August 2023 2,483,145 44,904 2,528,049
Charge for year 820,535 32,584 853,119
Eliminated on disposal (271,028 ) - (271,028 )
At 31 July 2024 3,032,652 77,488 3,110,140
NET BOOK VALUE
At 31 July 2024 3,282,142 97,749 3,379,891
At 31 July 2023 2,678,934 48,741 2,727,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 678,677 810,449
Prepayments 20,836 12,456
699,513 822,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 182,789 179,735
Trade creditors 159,693 100,893
Corporation tax 59,209 -
Social security and other taxes 27,300 39,193
VAT 96,077 100,736
Other creditors 257 1,023
Accrued expenses 7,000 5,500
532,325 427,080

Marsden Crane Services Ltd (Registered number: 09699977)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other loans 28,000 58,000
Hire purchase contracts 141,805 314,792
Directors' loan accounts 541,520 541,900
711,325 914,692

Included within other creditors are directors loans of £541,520 (2023: £541,900) which are interest free and have no fixed repayment terms.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 324,594 494,527

The hire purchase creditors are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 637,963 630,128
Other timing differences 193,139 (8,258 )
831,102 621,870

Deferred tax
£
Balance at 1 August 2023 621,870
Provided during year 209,232
Balance at 31 July 2024 831,102

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
300 Ordinary £1 300 300

11. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the directors.