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REGISTERED NUMBER: SC722408 (Scotland)















Cranetek Services (Aberdeen) Ltd

Financial Statements For The Year Ended 31 December 2024






Cranetek Services (Aberdeen) Ltd (Registered number: SC722408)






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

Chartered Accountants' Report 7

Cranetek Services (Aberdeen) Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTORS: B Pitcher
C A Turner





REGISTERED OFFICE: 14 Hillhead Gardens
Ellon
Aberdeenshire
AB41 9HH





REGISTERED NUMBER: SC722408 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Cranetek Services (Aberdeen) Ltd (Registered number: SC722408)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 213,305 4,244

CURRENT ASSETS
Stocks 4,742 3,241
Debtors 5 521,907 623,473
Cash at bank 126,294 150,904
652,943 777,618
CREDITORS
Amounts falling due within one year 6 184,037 318,403
NET CURRENT ASSETS 468,906 459,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

682,211

463,459

PROVISIONS FOR LIABILITIES 8 49,529 998
NET ASSETS 632,682 462,461

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 632,680 462,459
SHAREHOLDERS' FUNDS 632,682 462,461

Cranetek Services (Aberdeen) Ltd (Registered number: SC722408)

Balance Sheet - continued
31 December 2024


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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:




B Pitcher - Director



C A Turner - Director


Cranetek Services (Aberdeen) Ltd (Registered number: SC722408)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cranetek Services (Aberdeen) 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 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.
Equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Cranetek Services (Aberdeen) Ltd (Registered number: SC722408)

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

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 January 2024 4,940
Additions 249,768
At 31 December 2024 254,708
DEPRECIATION
At 1 January 2024 696
Charge for year 40,707
At 31 December 2024 41,403
NET BOOK VALUE
At 31 December 2024 213,305
At 31 December 2023 4,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 299,308 320,158
Other debtors 222,599 303,315
521,907 623,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 64,228 84,150
Taxation and social security 56,597 146,323
Other creditors 63,212 87,930
184,037 318,403

7. SECURED DEBTS

Peak Cashflow Ltd has a floating charge over the assets in the company

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 49,529 998

Deferred
tax
£   
Balance at 1 January 2024 998
Provided during year 48,531
Balance at 31 December 2024 49,529

Cranetek Services (Aberdeen) Ltd (Registered number: SC722408)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 January 2024 462,459
Profit for the year 248,321
Dividends (78,100 )
At 31 December 2024 632,680

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £78,100 (2023 - £66,408) were paid to the directors .

B Pitcher
is a director in the company


Included in other creditors is an interest free directors loan. There are no repayment terms.

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date 524 223

C A Turner
is a director in the company


Included in other creditors is an interest free directors loan. There are no repayment terms.

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date 524 757

12. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cranetek Services (Aberdeen) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cranetek Services (Aberdeen) Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cranetek Services (Aberdeen) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cranetek Services (Aberdeen) Ltd and state those matters that we have agreed to state to the Board of Directors of Cranetek Services (Aberdeen) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cranetek Services (Aberdeen) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cranetek Services (Aberdeen) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cranetek Services (Aberdeen) Ltd. You consider that Cranetek Services (Aberdeen) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cranetek Services (Aberdeen) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


11 June 2025