REGISTERED NUMBER: 02210206 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

for

ABA Crane Hire Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

A Baggott

P A Baggott

A J L Baggott

SECRETARY:

P A Baggott

REGISTERED OFFICE:

Meriden House

6 Great Cornbow

Halesowen

West Midlands

B63 3AB

BUSINESS ADDRESS:

52 Sneyd Lane

Essington

Wolverhampton

WV11 2DU

REGISTERED NUMBER:

02210206 (England and Wales)

ACCOUNTANTS:

Hamiltons Group Limited

Chartered Certified Accountants

Meriden House

6 Great Cornbow

Halesowen

West Midlands

B63 3AB

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of ABA Crane Hire Limited for the year ended 30 June 2017 which comprise the Income Statement,

Statement of Financial Position, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of ABA Crane Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ABA Crane Hire Limited and state those matters that we have agreed to state to the Board of Directors of ABA Crane Hire Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ABA Crane Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ABA Crane Hire Limited. You consider that ABA Crane Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ABA Crane Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hamiltons Group Limited

Chartered Certified Accountants

Meriden House

6 Great Cornbow

Halesowen

West Midlands

B63 3AB

25 August 2017

FIXED ASSETS

Property, plant and equipment

4

7,682,675

6,779,786

CURRENT ASSETS

Debtors

5

88,755

16,463

Cash at bank

3,429

8,813

92,184

25,276

CREDITORS

Amounts falling due within one year

6

1,706,333

1,302,162

NET CURRENT LIABILITIES

(1,614,149

)

(1,276,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,068,526

5,502,900

CREDITORS

Amounts falling due after more than one year

7

(4,011,195

)

(3,763,594

)

PROVISIONS FOR LIABILITIES

9

(849,112

)

(793,916

)

NET ASSETS

1,208,219

945,390

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,208,217

945,388

SHAREHOLDERS' FUNDS

1,208,219

945,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 25 August 2017 and were signed on its behalf by:

P A Baggott - Director

1.	STATUTORY INFORMATION

ABA Crane Hire 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has adopted FRS 102 (Section 1A) for the first time in the year ended 30 June 2017.

The financial statements are presented in pound sterling which is the functional currency of the company and

rounded to the nearest £.

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

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

Plant and machinery

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment included in fixtures and fittings is depreciated at a rate of 25% straight line.

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.

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.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and credited to the

profit and loss account over the estimated useful life of the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2016

8,232,163

25,561

294,100

8,551,824

Additions

1,657,713

-

192,119

1,849,832

Disposals

(637,600

)

-

(127,715

)

(765,315

)

At 30 June 2017

9,252,276

25,561

358,504

9,636,341

DEPRECIATION

At 1 July 2016

1,610,835

25,032

136,171

1,772,038

Charge for year

509,381

109

60,781

570,271

Eliminated on disposal

(315,017

)

-

(73,626

)

(388,643

)

At 30 June 2017

1,805,199

25,141

123,326

1,953,666

NET BOOK VALUE

At 30 June 2017

7,447,077

420

235,178

7,682,675

At 30 June 2016

6,621,328

529

157,929

6,779,786

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

88,755

12,467

Directors' accounts

-

3,996

88,755

16,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

1,326,418

1,076,868

Amounts owed to related parties

308,492

129,247

Corporation tax

15,908

-

Social security and other taxes

-

74,536

Directors' accounts

35,404

-

Accruals and deferred income

2,750

4,150

Deferred government grants

17,361

17,361

1,706,333

1,302,162

Amounts owed to related parties do not bear interest, are unsecured and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

3,740,733

3,475,771

Deferred government grants

270,462

287,823

4,011,195

3,763,594

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

373,829

502,887

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

5,067,151

4,552,639

Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

849,112

793,916

Deferred

tax

£

Balance at 1 July 2016

793,916

Charge to Income Statement during year

55,196

Balance at 30 June 2017

849,112

The deferred tax provision has arisen due to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

11.	TRANSITION TO FRS 102

This is the first year that the company has presented its results under FRS 102 (Section 1A). The last financial

statements under the UK GAAP were for the year ended 30 June 2016. The date of transition to FRS 102 was 1

July 2015.