Company Registration No. 08203392 (England and Wales)
Magnum Scaffolding (Contracts) Limited
Unaudited accounts
for the year ended 31 December 2019
Magnum Scaffolding (Contracts) Limited
Unaudited accounts
Contents
Magnum Scaffolding (Contracts) Limited
Company Information
for the year ended 31 December 2019
Company Number
08203392 (England and Wales)
Registered Office
Yardbrook Estate Stockwood Vale
Keynsham
Bristol
BS31 2AL
Accountants
Poolbridge Accountancy Limited
Forge Enterprise Centre
3 Church Road, West Huntspill
Highbridge
Somerset
TA9 3RN
Magnum Scaffolding (Contracts) Limited
Statement of financial position
as at 31 December 2019
Cash at bank and in hand
67
11,083
Creditors: amounts falling due within one year
(783,585)
(371,247)
Net current assets
557,834
401,075
Total assets less current liabilities
557,834
401,075
Provisions for liabilities
Other provisions
(557,309)
(370,000)
Called up share capital
1
1
Profit and loss account
524
31,074
Shareholders' funds
525
31,075
For the year ending 31 December 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2020 and were signed on its behalf by
Steven Phillips
Director
Company Registration No. 08203392
Magnum Scaffolding (Contracts) Limited
Notes to the Accounts
for the year ended 31 December 2019
Magnum Scaffolding (Contracts) Limited is a private company, limited by shares, registered in England and Wales, registration number 08203392. The registered office is Yardbrook Estate Stockwood Vale, Keynsham, Bristol, BS31 2AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Trade debtors
1,045,322
699,141
Accrued income and prepayments
-
18,615
Other debtors
296,030
43,483
5
Creditors: amounts falling due within one year
2019
2018
Trade creditors
174,254
181,819
Taxes and social security
296,272
164,208
Other creditors
313,059
24,520
6
Provisions for liabilities
£
Additional provisions made during the period
187,309
At 31 December 2019
557,309
Magnum Scaffolding (Contracts) Limited
Notes to the Accounts
for the year ended 31 December 2019
7
Average number of employees
During the year the average number of employees was 9 (2018: 11).
