| Island Crane Hire (IOW) Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Island Crane Hire (IOW) Limited for the year ended 31 March 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Island Crane Hire (IOW) Limited for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
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|
| Cochrane & Co Chartered Accountants |
| 38 Kings Road |
| Lee-on-the-Solent |
| Hampshire |
| PO13 9NU |
|
| 23 December 2025 |
|
| Island Crane Hire (IOW) Limited |
| Registered number: |
06424728 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
413,553 |
|
|
413,553 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,937 |
|
|
6,142 |
|
| Creditors: amounts falling due within one year |
4 |
|
(182,376) |
|
|
(182,342) |
|
| Net current liabilities |
|
|
|
(177,439) |
|
|
(176,200) |
|
| Net assets |
|
|
|
236,114 |
|
|
237,353 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
30 |
|
|
30 |
| Share premium |
|
|
|
107,970 |
|
|
107,970 |
| Profit and loss account |
|
|
|
128,114 |
|
|
129,353 |
|
| Shareholders' funds |
|
|
|
236,114 |
|
|
237,353 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
|
|
| C Parker |
| Director |
| Approved by the board on 23 December 2025 |
|
| Island Crane Hire (IOW) Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Exemption from preparation of consolidated accounts |
|
The company and it's subsidiary (Island Crane Hire Limited) comprise a small group. The company has taken advantage of the exemption provided by Section 248 of the Companies act 2006 not to prepare group accounts. |
|
|
Income |
|
The company receives investment income in the form of dividends from it's wholly owned subsidiary, together with interest on savings. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Going concern |
|
Despite the net current liability position, the director has prepared the accounts on a going concern basis. The current liability is a debt due to the 100% owned subsidiary. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2024 |
413,553 |
|
|
At 31 March 2025 |
413,553 |
|
|
|
|
|
|
|
|
|
|
The company held 100% of the share capital of Island Crane Hire Limited, a company incorporated in the UK. Island Crane Hire Limited's registered office is Comers Mill, Forest Road, Newport, Isle of Wight, PO30 5LY. |
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
182,376 |
|
182,342 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling party |
|
|
C Parker holds the controlling interest in the company. |
|
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| 6 |
Other information |
|
|
Island Crane Hire (IOW) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Comers Mill |
|
Forest Road |
|
Newport |
|
Isle of Wight |
|
PO30 5LY |