REGISTERED NUMBER: 07960996 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 May 2025

for

John Sutch Cranes Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditor

4

Income Statement

7

Balance Sheet

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTORS:

A Lowrie

E Sutch

J Sutch

H Sutch-Ware

SECRETARY:

E Sutch

REGISTERED OFFICE:

Bridle House

1 Bridle Way

Bootle

Merseyside

L30 4UG

REGISTERED NUMBER:

07960996 (England and Wales)

AUDITOR:

DJH Audit Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

L25QQ

BANKERS:

HSBC

99-101 Lord Street

Liverpool

L2 6PG

The directors present their report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of other specialised construction activities not elsewhere classified.

REVIEW OF BUSINESS

DIVIDENDS

The total distribution of dividends for the year ended 31 May 2025 was £224,742.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2024 to the date of this report.

A Lowrie

E Sutch

J Sutch

H Sutch-Ware

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

AUDITOR

The auditor, DJH Audit Limited, will be proposed for re-appointment in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

J Sutch - Director

15 December 2025

Opinion

I have audited the financial statements of John Sutch Cranes Limited (the 'company') for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In my opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

I conducted my audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. My responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of my report. I am independent of the company in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Conclusions relating to going concern

In auditing the financial statements, I have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

My responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and my Report of the Auditor thereon.

My opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in my report, I do not express any form of assurance conclusion thereon.

In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears to be materially misstated. If I identify such material inconsistencies or apparent material misstatements, I am required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In my opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which I am required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, I have not identified material misstatements in the Report of the Directors.

I have nothing to report in respect of the following matters where the Companies Act 2006 requires me to report to you if, in my opinion:

-	adequate accounting records have not been kept, or returns adequate for my audit have not been received from branches not visited by me; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	I have not received all the information and explanations I require for my audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditor that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which my procedures are capable of detecting irregularities, including fraud is detailed below:

-

Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

-

Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

-

Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable law and regulations;

-

Challenging assumptions and judgements made by management in its significant accounting estimates;

-

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

Our audit did not identify any significant matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of my responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of my Report of the Auditor.

Use of my report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. My audit work has been undertaken so that I might state to the company's members those matters I am required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's members as a body, for my audit work, for this report, or for the opinions I have formed.

Timothy Cherry FCCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

L25QQ

15 December 2025

TURNOVER

10,395,805

11,247,408

Cost of sales

7,965,760

8,914,399

GROSS PROFIT

2,430,045

2,333,009

Administrative expenses

2,031,813

1,981,998

398,232

351,011

Other operating income

97

2,950

OPERATING PROFIT

398,329

353,961

Interest receivable and similar income

2,242

3,427

400,571

357,388

Interest payable and similar expenses

13,346

5,066

PROFIT BEFORE TAXATION

387,225

352,322

Tax on profit

138,876

55,296

PROFIT FOR THE FINANCIAL YEAR

248,349

297,026

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

459,390

592,302

459,390

592,302

CURRENT ASSETS

Stocks

82,000

19,364

Debtors

6

2,400,557

2,687,986

2,482,557

2,707,350

CREDITORS

Amounts falling due within one year

7

1,119,297

1,074,020

NET CURRENT ASSETS

1,363,260

1,633,330

TOTAL ASSETS LESS CURRENT LIABILITIES

1,822,650

2,225,632

CREDITORS

Amounts falling due after more than one year

8

(777,867

)

(1,186,548

)

PROVISIONS FOR LIABILITIES

(27,948

)

(45,856

)

NET ASSETS

1,016,835

993,228

CAPITAL AND RESERVES

Called up share capital

10

1,266

1,266

Capital redemption reserve

11

38

38

Retained earnings

11

1,015,531

991,924

1,016,835

993,228

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

J Sutch - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 June 2023

1,266

935,543

38

936,847

Changes in equity

Dividends

-

(240,645

)

-

(240,645

)

Total comprehensive income

-

297,026

-

297,026

Balance at 31 May 2024

1,266

991,924

38

993,228

Changes in equity

Dividends

-

(224,742

)

-

(224,742

)

Total comprehensive income

-

248,349

-

248,349

Balance at 31 May 2025

1,266

1,015,531

38

1,016,835

1.	STATUTORY INFORMATION

John Sutch Cranes 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 presentational currency of the financial statements is the Pound Sterling. Monetary amounts in these financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover

Turnover represents amounts receivable for services provided during the year net of VAT and trade discounts.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are initially measured at costs and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Items of crane equipment purchased at a cost of more than £1,000 each are capitalised and depreciated, otherwise their costs are immediately written off as revenue expenditure.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

25% on cost

Plant and machinery

25% on cost

Computer equipment

25% on cost

Motor vehicles

25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified are current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially as transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated future cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial instruments are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Group relief

Since more than 75% of the ordinary share capital of the company is owned and controlled by its parent company, J S Fleet Services Limited, both companies are eligible for group relief of losses. Under this arrangement, tax losses of one company are surrendered and offset against the taxable profits of the other company so as to minimise the total amount of corporation tax payable by the group companies.

No payment is made between the companies in respect of group relief.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

Leases

Leases are classified as finance leases whenever the terms of the leases transfer substantially all of 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. Te related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term o the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Retirement benefits

The company operates a defined pension contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expenses when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Distributions to equity holders

Dividends to the company's shareholders are recognised as a liability in the financial statements in the period in which they are approved and are recorded in the statement of changes in equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2024 - 86 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

800,000

AMORTISATION

At 1 June 2024

and 31 May 2025

800,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

725,529

45,780

757,929

224,257

1,753,495

Additions

6,435

-

155,415

-

161,850

Disposals

-

-

(137,925

)

-

(137,925

)

At 31 May 2025

731,964

45,780

775,419

224,257

1,777,420

DEPRECIATION

At 1 June 2024

426,576

24,099

521,222

189,296

1,161,193

Charge for year

23,729

8,963

190,894

18,019

241,605

Eliminated on disposal

-

-

(84,768

)

-

(84,768

)

At 31 May 2025

450,305

33,062

627,348

207,315

1,318,030

NET BOOK VALUE

At 31 May 2025

281,659

12,718

148,071

16,942

459,390

At 31 May 2024

298,953

21,681

236,707

34,961

592,302

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The net book value of assets held under finance leases amounts to £82,485 (2024: £128,017).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

1,534,895

1,856,109

Other debtors

561,323

584,294

Prepayments and accrued income

304,339

247,583

2,400,557

2,687,986

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

195,510

358,954

Finance leases (see note 9)

49,232

53,720

Trade creditors

438,197

445,742

Tax

156,784

-

Social security and other taxes

196,466

114,898

Other creditors

45,741

41,373

Accruals and deferred income

37,367

59,333

1,119,297

1,074,020

The bank overdraft of £195,510 (2024 - £358,954) is secured by way of fixed floating charge dated 23 March 2022 on the assets of the company and by a Limited Guarantee given by the director's Mr J & Mrs E Sutch to the value of £250,000.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Finance leases (see note 9)

59,659

31,655

Amounts owed to group undertakings

718,208

1,154,893

777,867

1,186,548

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31.5.25

31.5.24

£

£

Net obligations repayable:

Within one year

49,232

53,720

Between one and five years

59,659

31,655

108,891

85,375

Non-cancellable

operating leases

31.5.25

31.5.24

£

£

Within one year

47,187

65,093

Between one and five years

64,800

111,987

111,987

177,080

The aggregate obligations (current and non-current) of £108,891 (2024 - £85,375) under finance leases and hire purchase agreements are secured against the assets to which they relate. The maturity of the obligations is disclosed above.

Finance lease payments represent rentals payable by the company for certain items of motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayments basis and no arrangements have been entered into for contingent rental payments.

10.	CALLED UP SHARE CAPITAL

Called up share capital represents the nominal value of shares that have been issued.

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 June 2024

991,924

38

991,962

Profit for the year

248,349

248,349

Dividends

(224,742

)

(224,742

)

At 31 May 2025

1,015,531

38

1,015,569

Retained earnings includes all current and prior period retained profits and losses.

Capital redemption reserve includes the nominal value of shares repurchased and still held at the end of the year.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £224,742 (2024 - £240,645) were paid in the year in respect of shares held by the company's directors.

At 31 May 2025, the Director's of the company had made interest free loans to the company amounting to £Nil (2024 - £Nil).

At 31 May 2025, the Director's of the company had received interest free loans from the company amounting to £Nil (2024 - £39,267).

13.	RELATED PARTY DISCLOSURES

The parent company of John Sutch Cranes Limited is J S Fleet Limited.

In the year, J S Fleet Limited charged rent of £144,000 (2024 - £144,000) and made crane hire rent of £2,220,000 (2024 - £2,260,000) to John Sutch Cranes Limited.

Included in creditors is the sum of £718,208 (2024 - £1,154,893) owed to the direct parent company.

J Sutch Holdings Limited is the ultimate parent company of John Sutch Cranes Limited. The smallest group for which consolidated accounts are prepared which include John Sutch Cranes is J Sutch Holdings Limited.

J Sutch Holdings Limited is a company incorporated in England & Wales whose accounts are publicly available.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J & Mrs E Sutch.

During the year, J Sutch Holdings Limited became the new ultimate parent company. It was incorporated on 19 March 2024.