Spence Crane Hire Limited - Filleted accounts

Registered number

05544914

Spence Crane Hire Limited

Filleted Accounts

31 August 2025

Spence Crane Hire Limited
Registered number:		05544914
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,244,989			2,375,072

Current assets
Debtors	4	329,707			364,234
Cash at bank and in hand		1,895,988			1,375,831
		2,225,695			1,740,065

Creditors: amounts falling due within one year	5	(1,150,765)			(337,925)

Net current assets			1,074,930			1,402,140

Net assets			4,319,919			3,777,212

Capital and reserves
Called up share capital			1			1
Profit and loss account			4,319,918			3,777,211

Shareholder's funds			4,319,919			3,777,212

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 member has 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.




J L Spence
Director
Approved by the board on 30 March 2026

Spence Crane Hire Limited
Notes to the Accounts
for the year ended 31 August 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).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Computer and equipment			25% reducing balance
	Motor vehicle			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		16


3	Tangible fixed assets
		Land and buildings		Plant and machinery and office equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	188,198		3,630,130		36,165		3,854,493
	Additions	-		1,848,867		258,443		2,107,310
	Disposals	-		(505,983)		(5,000)		(510,983)
	At 31 August 2025	188,198		4,973,014		289,608		5,450,820

	Depreciation
	At 1 September 2024	-		1,466,912		12,509		1,479,421
	Charge for the year	-		949,656		69,275		1,018,931
	On disposals	-		(292,521)		-		(292,521)
	At 31 August 2025	-		2,124,047		81,784		2,205,831

	Net book value
	At 31 August 2025	188,198		2,848,967		207,824		3,244,989
	At 31 August 2024	188,198		2,163,218		23,656		2,375,072


4	Debtors					2025		2024
£							£

	Trade debtors					323,073		358,180
	Prepayments and other debtors					6,634		6,054
						329,707		364,234

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Directors' loan account					34,903		7,784
	Trade creditors					41,105		35,229
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					721,926		229,517
	Suspense account					-		-
	Taxation and social security costs					55,758		63,160
	Other creditors					297,073		2,235
						1,150,765		337,925

5	Related party disclosures
	The controlling party is Spence Cranes Limited as it holds 100% of the issued ordinary share capital in the company.


	The joint controlling parties are J L and S M Spence as they hold 100% ownership of the company.


	Spence Crane Hire Partnership
	Mr J Spence and Mrs S Spence are partners of Spence Crane Hire Partnership. As at 31 August 2025, Spence Crane Hire Limited had a loan of £721,926 (2024: £229,517 loan to Spence Crane Hire Partnership) from Spence Crane Hire Partnership.
	Throughout the year the company had an agreement with Spence Crane Hire Partnership, to rent Cranes.


	Rental charges during the year were £140,000 (2024 : £620,000), contracted on a normal

6	Other information
	Spence Crane Hire Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Mill
	Kingsteignton Road
	Newton Abbot
	Devon
	TQ12 2QA