United Crane Services Limited - Accounts to registrar (filleted) - small 18.2
United Crane Services Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2019 |
for |
United Crane Services Limited |
United Crane Services Limited (Registered number: 02056025) |
Contents of the Financial Statements |
for the year ended 30 June 2019 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
United Crane Services Limited |
Company Information |
for the year ended 30 June 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
& Statutory Auditor |
2 President Buildings |
Sheffield |
South Yorkshire |
S4 7UQ |
United Crane Services Limited (Registered number: 02056025) |
Statement of Financial Position |
30 June 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
United Crane Services Limited (Registered number: 02056025) |
Statement of Financial Position - continued |
30 June 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 11 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
United Crane Services Limited (Registered number: 02056025) |
Notes to the Financial Statements |
for the year ended 30 June 2019 |
1. | STATUTORY INFORMATION |
United Crane Services Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Long leasehold | - |
Plant and machinery | - |
Motor vehicles | - |
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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 statement of financial position date. |
United Crane Services Limited (Registered number: 02056025) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2019 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the statement of financial position date. Transactions in foreign currencies are translated into sterling |
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account |
in arriving at the operating result. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is |
the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
United Crane Services Limited (Registered number: 02056025) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2019 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Long | Plant and | Motor |
leasehold | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2018 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 June 2019 |
DEPRECIATION |
At 1 July 2018 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 30 June 2018 |
Cost or valuation at 30 June 2018 is as follows: |
£ |
At cost - |
At valuation 20,000 |
Valued at open market value by the directors on 30 April 2009. |
If the land and buildings had not been included at valuation they would have been included under the |
historical cost convention as follows: |
2019 2018 |
£ £ |
Cost 19,514 19,514 |
Accumulated depreciation (7,483) (7,283) |
Net book value 12,031 12,231 |
United Crane Services Limited (Registered number: 02056025) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2019 |
4. | PROPERTY, PLANT AND EQUIPMENT - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 July 2018 |
Additions |
At 30 June 2019 |
DEPRECIATION |
At 1 July 2018 |
Charge for year |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 30 June 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
The bank loans and overdraft are secured by a fixed and floating charge over the assets of the |
company. |
The hire purchase creditors are secured on the assets concerned. |
United Crane Services Limited (Registered number: 02056025) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2019 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts (see note 8) |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase |
contracts |
2019 | 2018 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable |
operating leases |
2019 | 2018 |
£ | £ |
Within one year |
Between one and five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2019 | 2018 |
£ | £ |
RBS Factoring Account | 87,501 | 86,056 |
10. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax | 4,322 | 5,226 |
United Crane Services Limited (Registered number: 02056025) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2019 |
10. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 July 2018 |
Credit to Income Statement during year | ( |
) |
Balance at 30 June 2019 |
11. | RESERVES |
Revaluation |
reserve |
£ |
At 1 July 2018 |
and 30 June 2019 |
12. | RELATED PARTY DISCLOSURES |
The following loans (from)/to directors subsisted during the years ended 30 June 2019 and 30 June |
2018: |
2019 2018 |
£ £ |
Balance outstanding at start of year 665 (3,994) |
Amounts advanced 50,338 31,459 |
Amounts repaid (70,570) (26,800) |
Balance outstanding at end of year (19,567) 665 |
All loans are interest free and repayable on demand. |
At the year end Whiteley Lifting and Engineering Services Limited owed United Crane Services |
Limited £nil (2018 : £nil), net of a bad debt provision of £36,453 (2018 : £36,453). |