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Registered number: 05319226
T J Crane Hire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
GAROB Accounting Solutions
Llanerch Cottage Yr Ochr
Froncysyllte
Llangollen
LL20 7RS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05319226
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 541,853 378,055
541,853 378,055
CURRENT ASSETS
Stocks 5 12,607 12,607
Debtors 6 119,993 102,980
Cash at bank and in hand 47,291 109,402
179,891 224,989
Creditors: Amounts Falling Due Within One Year 7 (119,713 ) (101,392 )
NET CURRENT ASSETS (LIABILITIES) 60,178 123,597
TOTAL ASSETS LESS CURRENT LIABILITIES 602,031 501,652
Creditors: Amounts Falling Due After More Than One Year 8 (155,230 ) (79,333 )
NET ASSETS 446,801 422,319
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 446,701 422,219
SHAREHOLDERS' FUNDS 446,801 422,319
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Jones
Director
27th December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
T J Crane Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05319226 . The registered office is Tj Crane Hire Ltd Bersham Enterprise Centre, Colliery Road, Rhostyllen, Wrexham, Clwyd, LL14 4EG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20
Motor Vehicles 20
Fixtures & Fittings 20
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5
2024 2023
Office and administration 5 5
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 795,940 45,989 5,917 847,846
Additions 250,000 16,000 - 266,000
Disposals (185,000 ) - - (185,000 )
As at 31 December 2024 860,940 61,989 5,917 928,846
Depreciation
As at 1 January 2024 430,447 32,663 6,681 469,791
Provided during the period 78,093 2,665 131 80,889
Disposals (163,687 ) - - (163,687 )
As at 31 December 2024 344,853 35,328 6,812 386,993
Net Book Value
As at 31 December 2024 516,087 26,661 (895 ) 541,853
As at 1 January 2024 365,493 13,326 (764 ) 378,055
5. Stocks
2024 2023
£ £
Materials 11,107 11,107
Work in progress 1,500 1,500
12,607 12,607
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 119,993 102,980
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 16,400 29,280
Corporation tax - 15,323
Other taxes and social security 6,297 -
VAT 13,087 12,631
Crane Finance (Current liabilities - creditors < 1 year) 76,298 40,000
Accruals and deferred income 1,890 1,890
Directors' loan accounts 5,741 2,268
119,713 101,392
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Crane Finance (Long term liabilities - creditors > 1 year) 155,230 79,333
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5