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Registration number: 13744053

Concrete Cranes Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Concrete Cranes Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Concrete Cranes Ltd

(Registration number: 13744053)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

4,082

6,212

Tangible assets

6

18,270

9,499

 

22,352

15,711

Current assets

 

Debtors

7

9,466

19,967

Cash at bank and in hand

 

3,100

127

 

12,566

20,094

Creditors: Amounts falling due within one year

8

(32,362)

(33,725)

Net current liabilities

 

(19,796)

(13,631)

Total assets less current liabilities

 

2,556

2,080

Provisions for liabilities

(1,804)

(1,805)

Net assets

 

752

275

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

652

175

Shareholders' funds

 

752

275

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 April 2025
 

 

Concrete Cranes Ltd

(Registration number: 13744053)
Balance Sheet as at 30 November 2024

Mr N A Armitage
Company secretary and director

   
     
 

Concrete Cranes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
4 Thames Lawn Mews
St Peter’s Street
Marlow
Bucks
SL7 1QA

These financial statements were authorised for issue by the director on 29 April 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

 

Concrete Cranes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

33% straight line

Equipment

33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 5 years

 

Concrete Cranes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

2,494

7,788

Amortisation expense

2,130

2,130

 

Concrete Cranes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2023

10,650

10,650

At 30 November 2024

10,650

10,650

Amortisation

At 1 December 2023

4,438

4,438

Amortisation charge

2,130

2,130

At 30 November 2024

6,568

6,568

Carrying amount

At 30 November 2024

4,082

4,082

At 30 November 2023

6,212

6,212

6

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2023

2,916

21,523

24,439

Additions

1,265

10,000

11,265

At 30 November 2024

4,181

31,523

35,704

Depreciation

At 1 December 2023

687

14,253

14,940

Charge for the year

1,042

1,452

2,494

At 30 November 2024

1,729

15,705

17,434

Carrying amount

At 30 November 2024

2,452

15,818

18,270

At 30 November 2023

2,229

7,270

9,499

 

Concrete Cranes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

4,466

-

Other debtors

5,000

19,967

 

9,466

19,967

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

14,667

-

Trade creditors

 

85

23

Taxation and social security

 

10,358

26,119

Accruals and deferred income

 

1,050

975

Other creditors

 

6,202

6,608

 

32,362

33,725

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

14,667

-