Company Registration No. 05616599 (England and Wales)
Ash Scaffolding Limited
Unaudited accounts
for the year ended 31 March 2020
Ash Scaffolding Limited
Unaudited accounts
Contents
Ash Scaffolding Limited
Company Information
for the year ended 31 March 2020
Director
Mr Ashley Hodgkins
Company Number
05616599 (England and Wales)
Registered Office
UNIT H SMARDEN BUSINESS ESTATE
MONKS HILL, SMARDEN ROAD
SMARDEN, ASHFORD
KENT
TN27 8QL
Accountants
Rustrick Accountants Limited
3 Greystones Road
Bearsted
Maidstone
Kent
ME15 8PD
Ash Scaffolding Limited
Statement of financial position
as at 31 March 2020
Intangible assets
7,081
8,851
Tangible assets
227,688
245,875
Cash at bank and in hand
40,850
56,268
Creditors: amounts falling due within one year
(100,931)
(85,435)
Net current (liabilities)/assets
(860)
24,749
Total assets less current liabilities
233,909
279,475
Creditors: amounts falling due after more than one year
(29,839)
(33,872)
Provisions for liabilities
Deferred tax
(31,674)
(35,129)
Net assets
172,396
210,474
Called up share capital
10
10
Revaluation reserve
35,000
35,000
Profit and loss account
137,386
175,464
Shareholders' funds
172,396
210,474
For the year ending 31 March 2020 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 10 October 2020 and were signed on its behalf by
Mr Ashley Hodgkins
Director
Company Registration No. 05616599
Ash Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2020
Ash Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 05616599. The registered office is UNIT H SMARDEN BUSINESS ESTATE, MONKS HILL, SMARDEN ROAD, SMARDEN, ASHFORD, KENT, TN27 8QL.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation director feels value greater than book value
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Ash Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2020
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2019
60,982
186,661
131,851
9,970
389,464
Additions
-
37,383
-
-
37,383
At 31 March 2020
60,982
224,044
131,851
9,970
426,847
At 1 April 2019
-
65,258
70,963
7,368
143,589
Charge for the year
-
39,697
15,222
651
55,570
At 31 March 2020
-
104,955
86,185
8,019
199,159
At 31 March 2020
60,982
119,089
45,666
1,951
227,688
At 31 March 2019
60,982
121,403
60,888
2,602
245,875
Ash Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2020
Trade debtors
41,254
42,003
Accrued income and prepayments
8,452
8,684
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
5,418
5,906
Obligations under finance leases and hire purchase contracts
10,756
9,257
Trade creditors
46,778
44,108
Taxes and social security
21,098
24,964
Other creditors
1,195
1,200
Loans from directors
15,686
-
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
16,399
15,501
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Ashley Hodgkins is the ultimate controller by virtue of his 100% shareholding
11
Average number of employees
During the year the average number of employees was 8 (2019: 9).
