Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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11,665 | 15,554 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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37,516 | 23,590 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (22,036) | (22,744) | ||
Total assets less current liabilities | (10,371) | (7,190) | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholder's deficit | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Commercial Crate Hire Limited (registered number:
M C Everson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Commercial Crate Hire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3 Bonville Road, Bonville Trading Estate, Bristol, BS4 5QU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the balance sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £23,425 having made a loss of £2,082 in the year to December 2023. The Company is supported through loans from the Parent Company and another intergroup company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company.
The directors expect the company to be able to continue to pay its debts as they fall due for a period of 12 months from approval of these financial statements and have prepared these financial statements on the going concern basis. However, there are material uncertainties about future trading and cash flow that cast significant doubt on the company’s ability to continue as a going concern.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 31 December 2022 |
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At 30 December 2023 |
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Accumulated depreciation | |||
At 31 December 2022 |
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Charge for the financial year |
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At 30 December 2023 |
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Net book value | |||
At 30 December 2023 |
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At 30 December 2022 |
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2023 | 2022 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Other debtors |
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£ | £ | ||
Bank loans |
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Trade creditors |
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Amounts owed to Group undertakings |
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Other taxation and social security |
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Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans |
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Parent Company:
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Unit 3 Bonville Trading Estate, Bonville Road, Bristol, England, BS4 5QU |