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REGISTERED NUMBER: 06976882 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Vacuum and Crane Ltd

Vacuum and Crane Ltd (Registered number: 06976882)






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


Vacuum and Crane Ltd

Company Information
for the year ended 31 July 2024







DIRECTOR: S Young





REGISTERED OFFICE: Unit 7
Wilden Industrial Estate
Stourport-on-Severn
Worcestershire
DY13 9JY





REGISTERED NUMBER: 06976882 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Vacuum and Crane Ltd (Registered number: 06976882)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 226,839 210,915
226,839 210,915

CURRENT ASSETS
Debtors 6 354,773 569,242
Cash at bank 3,300 5,741
358,073 574,983
CREDITORS
Amounts falling due within one year 7 416,695 604,396
NET CURRENT LIABILITIES (58,622 ) (29,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,217

181,502

CREDITORS
Amounts falling due after more than one
year

8

(121,902

)

(128,583

)

PROVISIONS FOR LIABILITIES (45,966 ) (52,729 )
NET ASSETS 349 190

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 245 86
SHAREHOLDERS' FUNDS 349 190

Vacuum and Crane Ltd (Registered number: 06976882)

Balance Sheet - continued
31 July 2024


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 director acknowledges his 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.

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 director and authorised for issue on 18 March 2025 and were signed by:





S Young - Director


Vacuum and Crane Ltd (Registered number: 06976882)

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

1. STATUTORY INFORMATION

Vacuum and Crane 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 (£).


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.

The presentation currency of the financial statements is sterling (£) and they are rounded to the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and straight line over 15 years

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.


Vacuum and Crane Ltd (Registered number: 06976882)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate having regard to the circumstances outlined in a note to the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Vacuum and Crane Ltd (Registered number: 06976882)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 2,950
AMORTISATION
At 1 August 2023
and 31 July 2024 2,950
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 731,056
Additions 39,730
At 31 July 2024 770,786
DEPRECIATION
At 1 August 2023 520,141
Charge for year 23,806
At 31 July 2024 543,947
NET BOOK VALUE
At 31 July 2024 226,839
At 31 July 2023 210,915

Vacuum and Crane Ltd (Registered number: 06976882)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 240,700
Transfer to ownership (113,700 )
At 31 July 2024 127,000
DEPRECIATION
At 1 August 2023 115,138
Charge for year 7,249
Transfer to ownership (65,589 )
At 31 July 2024 56,798
NET BOOK VALUE
At 31 July 2024 70,202
At 31 July 2023 125,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 137,922 203,570
Other debtors 216,851 365,672
354,773 569,242

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 20,302 13,136
Hire purchase contracts 11,516 46,677
Trade creditors 81,982 100,861
Taxation and social security 153,390 203,661
Other creditors 149,505 240,061
416,695 604,396

Vacuum and Crane Ltd (Registered number: 06976882)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 13,437 23,978
Hire purchase contracts 39,383 6,193
Other creditors 69,082 98,412
121,902 128,583

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 33,739 37,114
Hire purchase contracts 50,899 52,870
Factoring company 102,859 155,517
Other loans 97,252 128,038
284,749 373,539

The bank loans are secured, together with personal guarantees of the director.

The factoring amount due to Skipton Building Society is secured by a fixed and floating charge over the assets of the company.

The hire purchase amounts are secured over the assets of the company, together with personal guarantees of the director.

The other loans are secured by a fixed and floating charge over the assets of the company.

10. OTHER FINANCIAL COMMITMENTS

The company has lease commitments at balance sheet date of £24,038 (2023 - £3,213).

Vacuum and Crane Ltd (Registered number: 06976882)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S Young
Balance outstanding at start of year 281,150 216,856
Amounts advanced 76,854 64,294
Amounts repaid (191,747 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 166,257 281,150