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Registered number: 05582564
Croft Crane Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Key Accountancy Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05582564
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,894 79,969
64,894 79,969
CURRENT ASSETS
Stocks 5 - 26,000
Debtors 6 174,229 152,299
Cash at bank and in hand 120,769 90,221
294,998 268,520
Creditors: Amounts Falling Due Within One Year 7 (65,588 ) (89,962 )
NET CURRENT ASSETS (LIABILITIES) 229,410 178,558
TOTAL ASSETS LESS CURRENT LIABILITIES 294,304 258,527
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,213 ) (6,624 )
NET ASSETS 289,091 251,903
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 288,991 251,803
SHAREHOLDERS' FUNDS 289,091 251,903
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Page 2
For the year ending 31 October 2025 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
Mrs M K Harrison
Director
16 April 2026
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
Croft Crane Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05582564 . The registered office is 130 Fairfield, Cheadle Road, Tean, Staffordshire, ST10 4DN.
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. 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:
Leasehold 10 years straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 5 years straight line
2.4. Leasing and Hire Purchase Contracts
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.
2.5. 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.
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2.6. 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.
2.7. 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: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 109,897 86,078 29,745 -
Additions - 310 - 180
Disposals - - (18,250 ) -
As at 31 October 2025 109,897 86,388 11,495 180
Depreciation
As at 1 November 2024 56,720 68,111 23,253 -
Provided during the period 9,140 2,714 1,563 45
Disposals - - (16,049 ) -
As at 31 October 2025 65,860 70,825 8,767 45
Net Book Value
As at 31 October 2025 44,037 15,563 2,728 135
As at 1 November 2024 53,177 17,967 6,492 -
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Computer Equipment Total
£ £
Cost
As at 1 November 2024 2,847 228,567
Additions 790 1,280
Disposals - (18,250 )
As at 31 October 2025 3,637 211,597
Depreciation
As at 1 November 2024 514 148,598
Provided during the period 692 14,154
Disposals - (16,049 )
As at 31 October 2025 1,206 146,703
Net Book Value
As at 31 October 2025 2,431 64,894
As at 1 November 2024 2,333 79,969
5. Stocks
2025 2024
£ £
Stock - 26,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 115,472 147,318
Other debtors 58,757 4,981
174,229 152,299
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,997 38,736
Bank loans and overdrafts - 3,327
Other creditors 3,744 6,609
Taxation and social security 52,847 41,290
65,588 89,962
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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