Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31122024-01-01falseprovision of cranes, parts, service and hire of cranes to customers12falsetruefalse 04468386 2024-01-01 2024-12-31 04468386 2023-01-01 2023-12-31 04468386 2024-12-31 04468386 2023-12-31 04468386 c:Director1 2024-01-01 2024-12-31 04468386 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 04468386 d:Buildings d:LongLeaseholdAssets 2024-12-31 04468386 d:Buildings d:LongLeaseholdAssets 2023-12-31 04468386 d:PlantMachinery 2024-01-01 2024-12-31 04468386 d:PlantMachinery 2024-12-31 04468386 d:PlantMachinery 2023-12-31 04468386 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04468386 d:MotorVehicles 2024-01-01 2024-12-31 04468386 d:MotorVehicles 2024-12-31 04468386 d:MotorVehicles 2023-12-31 04468386 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04468386 d:FurnitureFittings 2024-01-01 2024-12-31 04468386 d:FurnitureFittings 2024-12-31 04468386 d:FurnitureFittings 2023-12-31 04468386 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04468386 d:ComputerEquipment 2024-01-01 2024-12-31 04468386 d:ComputerEquipment 2024-12-31 04468386 d:ComputerEquipment 2023-12-31 04468386 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04468386 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04468386 d:CurrentFinancialInstruments 2024-12-31 04468386 d:CurrentFinancialInstruments 2023-12-31 04468386 d:Non-currentFinancialInstruments 2024-12-31 04468386 d:Non-currentFinancialInstruments 2023-12-31 04468386 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04468386 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04468386 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04468386 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04468386 d:ShareCapital 2024-12-31 04468386 d:ShareCapital 2023-12-31 04468386 d:RetainedEarningsAccumulatedLosses 2024-12-31 04468386 d:RetainedEarningsAccumulatedLosses 2023-12-31 04468386 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04468386 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04468386 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 04468386 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 04468386 c:FRS102 2024-01-01 2024-12-31 04468386 c:Audited 2024-01-01 2024-12-31 04468386 c:FullAccounts 2024-01-01 2024-12-31 04468386 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04468386 d:WithinOneYear 2024-12-31 04468386 d:WithinOneYear 2023-12-31 04468386 d:BetweenOneFiveYears 2024-12-31 04468386 d:BetweenOneFiveYears 2023-12-31 04468386 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04468386 2 2024-01-01 2024-12-31 04468386 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 04468386
















KRANLYFT UK LIMITED




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


































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KRANLYFT UK LIMITED
REGISTERED NUMBER:04468386

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£000
£000

Fixed assets
  

Tangible assets
 4 
558
401

  
558
401

Current assets
  

Stocks
 5 
2,392
1,365

Debtors: amounts falling due within one year
 6 
951
3,261

Cash at bank and in hand
 7 
1,345
2

  
4,688
4,628

Creditors: amounts falling due within one year
 8 
(1,143)
(1,493)

Net current assets
  
 
 
3,545
 
 
3,135

Total assets less current liabilities
  
4,103
3,536

Creditors: amounts falling due after more than one year
 9 
(51)
-

Provisions for liabilities
  

Deferred tax
 10 
(104)
(81)

Other provisions
 11 
(45)
(45)

  
 
 
(149)
 
 
(126)

Net assets
  
3,903
3,410


Capital and reserves
  

Called up share capital 
  
50
50

Profit and loss account
  
3,853
3,360

  
3,903
3,410


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Jurgen Vater
Director

Date: 3 March 2025

Page 1


KRANLYFT UK LIMITED
REGISTERED NUMBER:04468386
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Kranlyft UK Ltd, Unit 1, IO Centre, Cabot Park, Avonmouth, Bristol, BS11 0QL is a company limited by shares and incorporated and domiciled in England, registration number 4468386.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. 
The Directors have prepared forecasts for a period of 12 months from the date of approval of these financial statements which indicate that the Company will have sufficient funds to meet its liabilities as they fall due for that period.
The Directors are happy that in order to maintain the company's high liquidity, they will actively work to reduce capital tied up in inventories, primarily with regard to cranes. The key customers are not in the struggling sectors and have shown solvency by paying the invoices on time. There are no external lending facilities nor bank covenants. Even if customers should have payment difficulties in the upcoming 12 month, the Company has full financial support from Group. 
Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

 
2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.4

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold Improvements
-
10 years
Plant and machinery
-
3 to 4 years
Motor vehicles
-
3 years
Fixtures and fittings
-
4 years (or the shorter of the lease term of the property in which they are held)
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.10

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for
Page 6


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)


2.15
FINANCIAL INSTRUMENTS (CONTINUED)

impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


EMPLOYEES

2024
2023
£000
£000

Wages and salaries
593
530

Social security costs
73
66

Cost of defined contribution scheme
26
23

692
619


The average monthly number of employees, including directors, during the year was 12 (2023: 12).

Page 8


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Leasehold improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£000
£000
£000
£000
£000
£000



COST OR VALUATION


At 1 January 2024
115
485
92
13
78
783


Additions
-
228
102
-
1
331


Disposals
-
(133)
(48)
-
-
(181)



At 31 December 2024

115
580
146
13
79
933



DEPRECIATION


At 1 January 2024
115
106
73
13
75
382


Charge for the Year on owned assets
-
43
24
-
4
71


Disposals
-
(30)
(48)
-
-
(78)



At 31 December 2024

115
119
49
13
79
375



NET BOOK VALUE



At 31 December 2024
-
461
97
-
-
558



At 31 December 2023
-
379
19
-
3
401


5.


STOCKS

2024
2023
£000
£000

Finished goods and goods for resale
2,392
1,365

2,392
1,365





 

Page 9


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


DEBTORS

2024
2023
£000
£000


Trade debtors
119
338

Amounts owed by group undertakings
672
2,814

Other debtors
47
-

Prepayments and accrued income
113
109

951
3,261



7.


CASH AND CASH EQUIVALENTS

2024
2023
£000
£000

Cash at bank and in hand
1,345
2

1,345
2



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£000
£000

Trade creditors
58
77

Amounts owed to group undertakings
54
6

Corporation tax
-
74

Other taxation and social security
226
999

Obligations under finance lease and hire purchase contracts
15
-

Other creditors
3
5

Accruals and deferred income
787
332

1,143
1,493



9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£000
£000

Net obligations under finance leases and hire purchase contracts
51
-

51
-


Page 10


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


DEFERRED TAXATION




2024


£000






At beginning of year
(82)


Charged to profit or loss
(22)



AT END OF YEAR
(104)

The provision for deferred taxation is made up as follows:

2024
2023
£000
£000


Accelerated capital allowances
(104)
(82)

(104)
(82)


11.


PROVISIONS




Dilapidation Provision

£000





At 1 January 2024
45



AT 31 DECEMBER 2024
45


12.


PENSION COMMITMENTS

The company makes contributions into employees' personal pension schemes. The pension charge for the year represents contributions payable by the company and amounted to £  26,413 (2023: £  23,381)
Contributions amounting to £  3,007 (2023:£  3,443) were payable to the scheme at year end and are included in creditors.

Page 11


KRANLYFT UK LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


COMMITMENTS UNDER OPERATING LEASES

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£000
£000


Not later than 1 year
85
94

Later than 1 year and not later than 5 years
170
188

255
282


14.


RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemption available under FRS102 Section 33 1.A to not disclose transactions with wholly owned group undertakings. 


15.


CONTROLLING PARTY

The Company is a subsidiary undertaking of AB Kranlyft. The ultimate controlling party is J2L Holdings which is incorporated in Sweden. 
The consolidated financial statements of this group are available to the public and may be obtained from the registered office at Box 55517, 102 04 Stockholm, Sweden.

16.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the Year ended 31 December 2024 was unqualified.

The audit report was signed on 20 March 2025 by Ria Burridge FCCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 12