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REGISTERED NUMBER: SC412520 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Skene Crane Repairs Ltd.

Skene Crane Repairs Ltd. (Registered number: SC412520)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skene Crane Repairs Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S J Skene
Mrs L E Skene





REGISTERED OFFICE: 6 Cairnbulg Way
Ellon
Aberdeenshire
AB41 9GU





REGISTERED NUMBER: SC412520 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Skene Crane Repairs Ltd. (Registered number: SC412520)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,823 17,072

CURRENT ASSETS
Debtors 5 37,950 41,350
Cash at bank 17,837 12,538
55,787 53,888
CREDITORS
Amounts falling due within one year 6 41,865 45,030
NET CURRENT ASSETS 13,922 8,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,745

25,930

CREDITORS
Amounts falling due after more than one
year

7

(4,894

)

(8,157

)

PROVISIONS FOR LIABILITIES (2,568 ) (3,210 )
NET ASSETS 19,283 14,563

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,183 14,463
SHAREHOLDERS' FUNDS 19,283 14,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Skene Crane Repairs Ltd. (Registered number: SC412520)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:





Mr S J Skene - Director


Skene Crane Repairs Ltd. (Registered number: SC412520)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Skene Crane Repairs Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

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.
Tools - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

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.

Skene Crane Repairs Ltd. (Registered number: SC412520)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Tools fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 3,379 4,712 32,700 948 41,739
DEPRECIATION
At 1 January 2024 2,992 3,221 17,506 948 24,667
Charge for year 77 373 3,799 - 4,249
At 31 December 2024 3,069 3,594 21,305 948 28,916
NET BOOK VALUE
At 31 December 2024 310 1,118 11,395 - 12,823
At 31 December 2023 387 1,491 15,194 - 17,072

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 32,700
Transfer to ownership (18,200 )
At 31 December 2024 14,500
DEPRECIATION
At 1 January 2024 17,506
Charge for year 2,719
Transfer to ownership (13,881 )
At 31 December 2024 6,344
NET BOOK VALUE
At 31 December 2024 8,156
At 31 December 2023 15,194

Skene Crane Repairs Ltd. (Registered number: SC412520)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 37,139 41,033
Other debtors 811 317
37,950 41,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 3,263 5,444
Trade creditors 1,988 5,374
Taxation and social security 32,130 30,191
Other creditors 4,484 4,021
41,865 45,030

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 4,894 8,157

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S J Skene.