| Registered Number:09035438 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Hawks Crane Hire Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Hawks Crane Hire Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
11,148,116
7,440,529
2
11,148,116
7,440,529
| Trade and other receivables |
1,104,528
1,300,470
3
296,426
| Cash and cash equivalents |
158,322
1,458,792
1,400,954
| Trade and other payables: amounts falling due within one |
| year |
(1,364,125)
(1,839,491)
4
36,829
(380,699)
Net current liabilities
| Total assets less current liabilities |
10,767,417
7,477,358
| Trade and other payables: amounts falling due after more |
| than one year |
(2,710,327)
(5,091,471)
5
(1,718,759)
(1,431,751)
| Provisions for liabilities |
3,957,187
Net assets
3,335,280
100
100
3,957,087
3,335,180
3,957,187
3,335,280
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 22 September 2025 and were signed by: |
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For the year ended 31 December 2024
Hawks Crane Hire Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Hawks Crane Hire Limited
Notes to the Financial Statements
Statutory Information
| Hawks Crane Hire Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 09035438. |
Green St Green Road
Dartford
Kent
DA2 8DP
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| The principal accounting policies adopted are set out below. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, for the hire of machines, excluding value added tax, Turnover is recognised in accordance with the hire agreements and any amounts of machine hire relating to a period after the balance sheet date are deferred to the year in which the hire period relates. Turnover also includes consideration receivable for crawler crane training provided to crane operators, excluding value added tax. This is recognised in the period in which the training was carried out. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences arising on translation in the period are included in profit or loss. |
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For the year ended 31 December 2024
Hawks Crane Hire Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its director and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Going concern
| At 31 December 2024, the company had net current liabilities of £380,699 (2023: net current assets of £36,829). The |
| director is of the opinion that the working capital available at 31 December 2024, which is reviewed on a regular |
| basis, together with the continued support from the company's lenders and shareholders will be sufficient to enable |
| the company to continue operating for at least the 12 months from the signing of these accounts, and pay its debts |
| as they fall due. The director has therefore concluded that the accounts should continue to be prepared on a going |
| concern basis. |
| 2. Property, plant and equipment |
Motor Vehicles
10,247,743
9,522
15,924
10,222,297
4,661,167
712
37,921
4,622,534
-
(8,130)
(578,833)
(586,963)
14,265,998
45,715
10,234
14,321,947
| Provision for depreciation and impairment |
2,807,214
5,025
10,136
2,792,053
Charge for year
632,823
1,554
6,109
625,160
(266,206)
-
(5,759)
(260,447)
3,173,831
6,579
10,486
3,156,766
11,109,232
35,229
3,655
11,148,116
7,430,244
5,788
4,497
7,440,529
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For the year ended 31 December 2024
Hawks Crane Hire Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
627,159
734,965
673,311
369,563
1,104,528
1,300,470
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
41,667
41,667
224,125
334,038
| Taxation and social security |
32,422
36,525
1,541,277
951,895
1,839,491
1,364,125
| Other creditors includes balances owed on hire purchase and finance leases used to acquire machines that are included in fixed assets, of £1,319,224. The loans are secured on the machines to which they relate. |
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
93,665
135,331
4,997,806
2,574,996
5,091,471
2,710,327
| Analysis of creditors falling due after more than five years: |
957,229
62,060
| Other creditors includes balances owed on hire purchase and finance leases used to acquire machines that are included in fixed assets, of £4,997,806 . The loans are secured on the machines to which they relate. |
| 6. Related party transactions |
| During the year the company loaned £212,500 to a company under common control of one of the directors. The |
| amount due as at 31 December 2024 was £482,500 (2023: £270,000).The loan is interest free and repayable on |
| demand. The balance outstanding is included in Other Debtors in note 5 to the accounts. |
| In addition the company received £6,500 repayment of a loan that was provided to a company in which the director |
| has significant influence, during the previous year. The balance outstanding at 31 December 2024 was £0 (2023: |
| £6,500). |
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For the year ended 31 December 2024
Hawks Crane Hire Limited
Notes to the Financial Statements Continued
| 7. Directors advances and guarantees |
Loaned
Repaid
Interest
Mr E D Hawkins
Repayable on demand
33,936
(75)
252,269
286,385
105
33,936
(75)
252,269
286,385
105
| 8. Guarantees and other financial commitments |
| At 31 December 2024 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2023
2024
| Operating leases which expire: |
14,144
16,170
37,722
23,579
37,723
53,892
| 9. Average number of persons employed |
During the year the average number of employees was 14 (2023 : 18)
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