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REGISTERED NUMBER: 01848222 (England and Wales)















CRANEGRADE LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2024






CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CRANEGRADE LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTORS: D C Turner
R D Turner





SECRETARY: Mrs J P Turner





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 01848222 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1

CURRENT ASSETS
Stocks 20,509 15,130
Debtors 5 101,710 72,054
Cash at bank 15,345 2,807
137,564 89,991
CREDITORS
Amounts falling due within one year 6 157,856 165,078
NET CURRENT LIABILITIES (20,292 ) (75,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,292

)

(75,086

)

CREDITORS
Amounts falling due after more than one
year

7

26,391

31,946
NET LIABILITIES (46,683 ) (107,032 )

CAPITAL AND RESERVES
Called up share capital 8 7,500 7,500
Retained earnings (54,183 ) (114,532 )
SHAREHOLDERS' FUNDS (46,683 ) (107,032 )

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

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

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Balance Sheet - continued
30 November 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 28 August 2025 and were signed on its behalf by:





R D Turner - Director


CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

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


1. STATUTORY INFORMATION

Cranegrade Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on cost

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.

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Going concern
As noted in the Report of the Directors the company will continue to be supported by the directors over the forthcoming year and for that reason the directors believe that the ongoing adoption of the going concern basis for the preparation of the financial statements to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 1,457
Disposals (1,307 )
At 30 November 2024 150
DEPRECIATION
At 1 December 2023 1,456
Eliminated on disposal (1,306 )
At 30 November 2024 150
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 84,201 56,527
Other debtors 17,509 15,527
101,710 72,054

CRANEGRADE LIMITED (REGISTERED NUMBER: 01848222)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 94,186 95,000
Taxation and social security 21,040 24,085
Other creditors 37,074 40,437
157,856 165,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 26,390 31,945
Other creditors 1 1
26,391 31,946

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,167 9,722

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
7,500 Ordinary 1.00 7,500 7,500

9. RELATED PARTY DISCLOSURES

The amount due by the company to D C Turner as at 30 November 2024 was £20,512 (2023: D C Turner £28,465 and to R Turner £1,150).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C Turner.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cranegrade Limited


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 Cranegrade Limited for the year ended 30 November 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 Cranegrade Limited, 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 Cranegrade Limited and state those matters that we have agreed to state to the Board of Directors of Cranegrade Limited, 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 Cranegrade Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cranegrade Limited 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 Cranegrade Limited. You consider that Cranegrade Limited 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 Cranegrade Limited. 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


28 August 2025