Street Scaffolding Limited Filleted accounts for Companies House (small and micro)
Street Scaffolding Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06539571
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STATEMENT OF FINANCIAL POSITION |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
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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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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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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Net assets |
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STATEMENT OF FINANCIAL POSITION (continued) |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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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.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 May 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06539571
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.
Revenue recognition
Income tax
Tangible assets
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 and machinery |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Finance leases and hire purchase contracts
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2017:
1
).
5.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 September 2017 |
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Additions |
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– |
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At 31 August 2018 |
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Depreciation |
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At 1 September 2017 |
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Charge for the year |
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At 31 August 2018 |
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Carrying amount |
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At 31 August 2018 |
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At 31 August 2017 |
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Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles |
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£ |
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At 31 August 2018 |
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At 31 August 2017 |
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6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 September 2017 |
– |
Additions |
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At 31 August 2018 |
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Impairment |
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At 1 September 2017 |
– |
Impairment losses |
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At 31 August 2018 |
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Carrying amount |
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At 31 August 2018 |
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At 31 August 2017 |
– |
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In April 2018 the company made investments totalling £309,000 in Rock Place LLP, a limited liability partnership registered in England and Wales, whose accounting period is to 31 August 2018. The company paid £45,000 in cash with a balance of £264,000 financed by the director, Mr P Martin, via a loan agreement with GBF Capital Limited.
During the year the directo carried out an impairment review of the film investment. The director considers that, in order to give a true and fair view, an impairment in the value of the investment at the balance sheet date is required. This has resulted in an impairment charge of £285,361.
7.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Net wages |
– |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2018 |
2017 |
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£ |
£ |
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Other creditors |
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10.
Related party transactions
The company was under the control of the directors throughout the current period.