D Crane Plant Hire Limited Filleted accounts for Companies House (small and micro)
D Crane Plant Hire Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08795268
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STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Intangible assets |
5 |
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Tangible assets |
6 |
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--------- |
--------- |
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CURRENT ASSETS
Debtors |
7 |
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Cash at bank and in hand |
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--------- |
--------- |
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CREDITORS: amounts falling due within one year |
8 |
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--------- |
--------- |
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NET CURRENT ASSETS |
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--------- |
--------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
9 |
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PROVISIONS
Taxation including deferred tax |
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--------- |
--------- |
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NET ASSETS |
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--------- |
--------- |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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--------- |
--------- |
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SHAREHOLDERS FUNDS |
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--------- |
--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
08795268
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2022
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fleetcroft, Fleet Street Lane, Ribchester, Preston, Lancashire, PR3 3XE.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
(a)
Basis of preparation
(b)
Government grants
Government grants or assistance of a revenue nature are recognised in the same period as the related expenditure. Where the grant is for the purpose of giving immediate financial support with no future related costs the income is recognised in the period in which it becomes receivable.
(c)
Revenue recognition
(d)
Taxation
(e)
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
Over 10 years |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(f)
Tangible assets
(g)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
- |
15% per annum reducing balance |
|
Motor Vehicles |
- |
25% per annum reducing balance |
|
Fixtures, Fittings & Equipment |
- |
10% per annum reducing balance |
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(h)
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Finance charges are allocated to each period on a straight line basis.
(i)
Provisions
(j)
Financial instruments
Basic financial instruments are recognised at amortised cost.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
5
(2021:
5
).
5.
INTANGIBLE ASSETS
Goodwill |
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£ |
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Cost |
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At 1 April 2021 and 31 March 2022 |
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-------- |
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Amortisation |
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At 1 April 2021 |
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Charge for the year |
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-------- |
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At 31 March 2022 |
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-------- |
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Carrying amount |
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At 31 March 2022 |
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-------- |
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At 31 March 2021 |
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-------- |
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6.
TANGIBLE ASSETS
Plant & Machinery |
Motor Vehicles |
Fixtures, Fittings & Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2021 |
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28,534 |
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Additions |
|
– |
5,812 |
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Disposals |
(
|
– |
– |
(
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------------ |
-------- |
-------- |
------------ |
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At 31 March 2022 |
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34,346 |
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------------ |
-------- |
-------- |
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Depreciation |
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At 1 April 2021 |
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9,173 |
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Charge for the year |
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2,149 |
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Disposals |
(
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– |
– |
(
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------------ |
-------- |
-------- |
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At 31 March 2022 |
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11,322 |
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Carrying amount |
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At 31 March 2022 |
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23,024 |
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------------ |
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At 31 March 2021 |
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19,361 |
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7.
DEBTORS
2022 |
2021 |
|
£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
– |
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Corporation tax repayable |
– |
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Other debtors |
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– |
--------- |
-------- |
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--------- |
-------- |
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8.
CREDITORS:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
|
Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
|
– |
Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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--------- |
-------- |
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--------- |
-------- |
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Obligations under finance leases and hire purchase contracts are secured.
9.
CREDITORS:
amounts falling due after more than one year
2022 |
2021 |
|
£ |
£ |
|
Bank loans and overdrafts |
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Obligations under finance leases and hire purchase contracts |
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Directors loan accounts |
250,000 |
275,000 |
--------- |
--------- |
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Obligations under finance leases and hire purchase contracts are secured.
10.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102 Section 1A.
11.
RELATED PARTY TRANSACTIONS
The company was under the control of the directors, Mr D.J. Crane and Mrs
S.J. Crane
, throughout the year. There are no transactions with related parties that require disclosure under FRS 102 Section 1A.