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Company No: 07586724 (England and Wales)

COMMERCIAL CRATE HIRE LIMITED

Unaudited Financial Statements
For the financial year ended 30 December 2023
Pages for filing with the registrar

COMMERCIAL CRATE HIRE LIMITED

Unaudited Financial Statements

For the financial year ended 30 December 2023

Contents

COMMERCIAL CRATE HIRE LIMITED

BALANCE SHEET

As at 30 December 2023
COMMERCIAL CRATE HIRE LIMITED

BALANCE SHEET (continued)

As at 30 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 11,665 15,554
11,665 15,554
Current assets
Debtors 4 29,844 400
Cash at bank and in hand 7,672 23,190
37,516 23,590
Creditors: amounts falling due within one year 5 ( 59,552) ( 46,334)
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 ( 13,054) ( 14,153)
Net liabilities ( 23,425) ( 21,343)
Capital and reserves
Called-up share capital 400 400
Profit and loss account ( 23,825 ) ( 21,743 )
Total shareholder's deficit ( 23,425) ( 21,343)

For the financial year ending 30 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 07586724) were approved and authorised for issue by the Board of Directors on 06 March 2025. They were signed on its behalf by:

M C Everson
Director
COMMERCIAL CRATE HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 December 2023
COMMERCIAL CRATE HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 December 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 31 December 2022 36,869 36,869
At 30 December 2023 36,869 36,869
Accumulated depreciation
At 31 December 2022 21,315 21,315
Charge for the financial year 3,889 3,889
At 30 December 2023 25,204 25,204
Net book value
At 30 December 2023 11,665 11,665
At 30 December 2022 15,554 15,554

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 29,444 0
Other debtors 400 400
29,844 400

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 1,650 2,206
Trade creditors 21,588 13,532
Amounts owed to Group undertakings 13,456 28,738
Other taxation and social security 248 295
Other creditors 22,610 1,563
59,552 46,334

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 13,054 14,153

There are no amounts included above in respect of which any security has been given by the small entity.

7. Ultimate controlling party

Parent Company:

GJD Holdings Limited
Unit 3 Bonville Trading Estate, Bonville Road, Bristol, England, BS4 5QU