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REGISTERED NUMBER: SC486621 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Alltruck Crane Repairs & Sales Ltd

Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,067,891 742,860

CURRENT ASSETS
Stocks 508,407 327,918
Debtors 5 337,150 383,703
Cash at bank and in hand 701,854 412,437
1,547,411 1,124,058
CREDITORS
Amounts falling due within one year 6 (1,059,602 ) (633,776 )
NET CURRENT ASSETS 487,809 490,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,555,700

1,233,142

CREDITORS
Amounts falling due after more than one
year

7

(256,565

)

(342,750

)

PROVISIONS FOR LIABILITIES (259,285 ) (181,137 )
NET ASSETS 1,039,850 709,255

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 100 100
Retained earnings 1,039,550 708,955
SHAREHOLDERS' FUNDS 1,039,850 709,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




D Smith - Director



M Shaw - Director


Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Alltruck Crane Repairs & Sales Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC486621. The registered office is 42 Stirling Street, Denny, Stirlingshire, FK6 6DJ.

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 net invoiced sales of goods and services in respect of commercial crane sale and repair services excluding value added tax. Sales are recognised at the point at which the goods are transferred and the service is complete.

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.
Short leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 18,368 89,950 10,746
Additions - 45,927 2,372
Disposals - - -
At 30 September 2024 18,368 135,877 13,118
DEPRECIATION
At 1 October 2023 1,901 50,999 6,740
Charge for year 368 15,084 1,327
Eliminated on disposal - - -
At 30 September 2024 2,269 66,083 8,067
NET BOOK VALUE
At 30 September 2024 16,099 69,794 5,051
At 30 September 2023 16,467 38,951 4,006

Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 1,035,587 12,630 1,167,281
Additions 443,699 71,300 563,298
Disposals (93,945 ) - (93,945 )
At 30 September 2024 1,385,341 83,930 1,636,634
DEPRECIATION
At 1 October 2023 356,691 8,090 424,421
Charge for year 151,906 5,809 174,494
Eliminated on disposal (30,172 ) - (30,172 )
At 30 September 2024 478,425 13,899 568,743
NET BOOK VALUE
At 30 September 2024 906,916 70,031 1,067,891
At 30 September 2023 678,896 4,540 742,860

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 895,778
Additions 152,295
Disposals (88,445 )
Transfer to ownership (13,500 )
At 30 September 2024 946,128
DEPRECIATION
At 1 October 2023 324,673
Charge for year 117,261
Eliminated on disposal (26,443 )
Transfer to ownership (8,310 )
At 30 September 2024 407,181
NET BOOK VALUE
At 30 September 2024 538,947
At 30 September 2023 571,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 321,432 356,732
Other debtors 15,718 26,971
337,150 383,703

Alltruck Crane Repairs & Sales Ltd (Registered number: SC486621)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 184,093 168,349
Trade creditors 643,823 409,682
Taxation and social security 59,597 46,905
Other creditors 172,089 8,840
1,059,602 633,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 256,565 342,750

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 440,658 511,099

Hire purchase creditors are secured on the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the following amounts were advanced to director:-

M Shaw £10,000 (2023:- £Nil)