NIALL SCAFFOLDERS LIMITED

NIALL SCAFFOLDERS LIMITED

NIALL SCAFFOLDERS LIMITED - Company Information

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NIALL SCAFFOLDERS LIMITED

Company Registration Number:
02799375 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

NIALL SCAFFOLDERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

NIALL SCAFFOLDERS LIMITED

Balance sheet

As at 30 April 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 46,072 88,187
Total fixed assets: 46,072 88,187
Current assets
Stocks: 21,653 124,289
Debtors:   97,217 46,298
Cash at bank and in hand: 78,098 15,200
Total current assets: 196,968 185,787
Creditors: amounts falling due within one year: 4 (360,522) (313,883)
Net current assets (liabilities): (163,554) (128,096)
Total assets less current liabilities: (117,482) (39,909)
Total net assets (liabilities): (117,482) (39,909)
Capital and reserves
Called up share capital: 50,000 50,000
Profit and loss account: (167,482) (89,909)
Shareholders funds: (117,482) (39,909)

The notes form part of these financial statements

NIALL SCAFFOLDERS LIMITED

Balance sheet statements

For the year ending 30 April 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 July 2020
and signed on behalf of the board by:

Name: Allan John Ditchburn
Status: Director

The notes form part of these financial statements

NIALL SCAFFOLDERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided on the reducing balance basis over the estimated useful life of the assets. The rates are:Plant and Machinery 10% - 50%Fixtures and Fittings 25%

Valuation and information policy

StocksThis represents costed work in progress valued on measured work on contractor payment certificates.

NIALL SCAFFOLDERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 2019
Average number of employees during the period 18 17

NIALL SCAFFOLDERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Tangible Assets

Total
Cost £
At 01 May 2019 725,246
Additions 6,021
Disposals (94,617)
At 30 April 2020 636,650
Depreciation
At 01 May 2019 637,059
Charge for year 32,349
On disposals (78,830)
At 30 April 2020 590,578
Net book value
At 30 April 2020 46,072
At 30 April 2019 88,187

NIALL SCAFFOLDERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

4. Creditors: amounts falling due within one year note

2020 2019Bank Overdraft £0 £26542Bank Loan £81669 £39160Hire Purchase Accounts £0 £42767Trade Creditors £16504 £21258Associated Company Account £16660 £17659Taxation and Social Security £227489 £113489Accruals £18200 £20079Loan Accounts £0 £32929 Totals £360522 £313883

NIALL SCAFFOLDERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

5. Related party transactions

Name of the related party: Pinetree Developments Limited
Relationship:
Common Ownership
Description of the Transaction: During the year the company was charged by Pinetree Developments Limited for hire of equipment in the normal course of business the sum of £83,500 (2019: £44,000). At the Balance Sheet date the amount due to Pinetree Developments Limited was an intercompany account £16,660 (2019: £17,659). The trading hire account was £900 credit (2019: due £3,450)
£
Balance at 01 May 2019 21,109
Balance at 30 April 2020 17,560