REGISTERED NUMBER: 05651377 (England and Wales)

A & B Crane and Electrical Services

Limited

Unaudited Financial Statements For The Year Ended 31 March 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Simpson

D Murphy

SECRETARY:

Mrs K E Simpson

REGISTERED OFFICE:

Holmes Lock Works

Steel Street

Holmes

ROTHERHAM

South Yorkshire

S61 1DF

REGISTERED NUMBER:

05651377 (England and Wales)

ACCOUNTANTS:

Allotts Business Services Ltd

Chartered Accountants

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

738,848

387,408

Investments

6

1

1

738,850

387,410

CURRENT ASSETS

Stocks

26,540

24,830

Debtors

473,863

367,712

Cash at bank and in hand

15,699

195,570

516,102

588,112

CREDITORS

Amounts falling due within one year

334,339

378,276

NET CURRENT ASSETS

181,763

209,836

TOTAL ASSETS LESS CURRENT LIABILITIES

920,613

597,246

CREDITORS

Amounts falling due after more than one year

7

(496,527

)

(194,830

)

PROVISIONS FOR LIABILITIES

(10,280

)

(10,500

)

NET ASSETS

413,806

391,916

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

413,706

391,816

SHAREHOLDERS' FUNDS

413,806

391,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 October 2018 and were signed on its behalf by:

D Simpson - Director

1.	STATUTORY INFORMATION

A & B Crane and Electrical Services 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.

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

nearest £.

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.

Turnover

Turnover represents the value of work done for which the company has earned the right to consideration in exchange

for performance. Turnover and profit appropriate to the stage of completion are recognised as a contract progresses.

Amounts recognised as turnover in excess of amounts invoiced are recorded as amounts recoverable on contracts

within debtors.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of business in 2015, is being written off over its

estimated useful life.

Patents & licences

Purchased Intangible assets are capitalised and depreciated on a straight line basis over their useful economic life.

Patents and licences - over 3 years

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 17 (2017 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

10,001

AMORTISATION

At 1 April 2017

and 31 March 2018

10,000

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

516,631

Additions

384,448

Disposals

(7,300

)

At 31 March 2018

893,779

DEPRECIATION

At 1 April 2017

129,223

Charge for year

32,034

Eliminated on disposal

(6,326

)

At 31 March 2018

154,931

NET BOOK VALUE

At 31 March 2018

738,848

At 31 March 2017

387,408

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2017

and 31 March 2018

1

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

1

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Bank loans more 5 yr by instal

332,735

115,834

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

520,550

200,887

Hire purchase contracts

20,750

22,286

541,300

223,173

Bank loans are secured by a fixed and floating charge over all assets of the company.

Hire purchase loans are secured over the relevant assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

10.	OTHER FINANCIAL COMMITMENTS

The company had financial commitments, in respect of operating leases, totalling £150 (2017: £7,449) at the year end.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March

2017:

2018

2017

£

£

A Director

Balance outstanding at start of year

2,536

188

Amounts advanced

7,092

2,489

Amounts repaid

(8,990

)

(141

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

638

2,536

12.	RELATED PARTY DISCLOSURES