Delta Tower Cranes Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Delta Tower Cranes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04597934 . The registered office is Unit 7 Waterside Drive, Langley Business Park, Slough, Berkshire, SL3 6EZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A review of fixed assets by category is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A review by category of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out regularly. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

2.3. 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 rendering of services. Turnover is reduced for estimated rebates and other similar allowances.

2.4. 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	25% & 10% on cost
Motor Vehicles	25% on cost
Computer Equipment	25% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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Delta Tower Cranes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

2.8. 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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	1,701,642	121,709	18,249	1,841,600
Additions	194,000	-	-	194,000

As at 31 March 2025	1,895,642	121,709	18,249	2,035,600

...CONTINUED

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Delta Tower Cranes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	622,494	73,522	13,126	709,142
Provided during the period	122,772	30,432	2,928	156,132

As at 31 March 2025	745,266	103,954	16,054	865,274

Net Book Value
As at 31 March 2025	1,150,376	17,755	2,195	1,170,326

As at 1 April 2024	1,079,148	48,187	5,123	1,132,458

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	15,491	40,485

5. Stocks

	2025	2024
	£	£
Stock	4,000	28,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	393,136	632,614
Other debtors	89,650	73,747

	482,786	706,361

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	19,878	17,552
Trade creditors	183,847	195,199
Bank loans and overdrafts	36,000	36,000
Other creditors	1,462,864	1,469,508
Taxation and social security	6,911	5,666

	1,709,500	1,723,925

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,886	36,993
Bank loans	33,000	69,000

	48,886	105,993

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Delta Tower Cranes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	35,764	54,545
Bank loans and overdrafts	69,000	105,000

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	19,878	17,552
Later than one year and not later than five years	15,886	36,993

	35,764	54,545

	35,764	54,545

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	209,977	184,738
Tax losses carried forward	(204,054 )	(146,880 )

	5,923	37,858

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary A shares of £ 1.00 each	100	100
100 Ordinary B shares of £ 1.00 each	100	100
100 Ordinary C shares of £ 1.00 each	100	100

	300	300

All shares are entitled to full voting and capital distribution rightts. The directors may declare and pay dividends in respect of any class of share without obligation to declare or pay any dividend on any other class of shares.

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Delta Tower Cranes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

13. Related Party Transactions

During the year under review the Company hired cranes from Baldwins Crane Hire Limited to the value of £177,938 (2024 £233,375) and was charged £75,000 (2024 £100,000) for management fees. Tower cranes were purchased from Baldwins Crane Hire Limited for £194,000.

Included within:	2025	2024
	£	£
Trade creditors	81,375	9,090
Other creditors	1,345,451	1,363,067
Trade creditors	(36,750)	-
	1,390,076	1,372,157

R J Baldwin and W R Baldwin are directors and shareholdes and L Baldwin is a director of Baldwins Crane Hire Limited.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,170,326		1,132,458

			1,170,326		1,132,458
CURRENT ASSETS
Stocks	5	4,000		28,000
Debtors	6	482,786		706,361
Cash at bank and in hand		171,953		189,683

		658,739		924,044
Creditors: Amounts Falling Due Within One Year	7	(1,709,500 )		(1,723,925 )

NET CURRENT ASSETS (LIABILITIES)			(1,050,761 )		(799,881 )

TOTAL ASSETS LESS CURRENT LIABILITIES			119,565		332,577

Creditors: Amounts Falling Due After More Than One Year	8		(48,886 )		(105,993 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(5,923 )		(37,858 )

NET ASSETS			64,756		188,726

CAPITAL AND RESERVES
Called up share capital	12		300		300
Profit and Loss Account			64,456		188,426

SHAREHOLDERS' FUNDS			64,756		188,726