J D Scaffolding Yorkshire Limited Accounts

J D SCAFFOLDING YORKSHIRE LIMITED - Company Information






J D Scaffolding Yorkshire Limited

	Company No. 10821976
		Information for Filing with The Registrar
		30 June 2020

The Directors present their report and the accounts for the year ended 30 June 2020.

Principal activities
The principal activity of the company during the year under review was Scaffolding services.




Directors

The Directors who served at any time during the year were as follows:

J. Wheldon
D. Wright




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Wheldon
Director
30 June 2020

at	30 June 2020
Company No.		10821976	Notes	2020	2019
				£	£
Fixed assets

	Tangible assets		4	20,541	21,160


				20,541	21,160
Current assets
	Stocks		5	2,516	3,674
	Debtors		6	23,291	16,940

	Cash at bank and in hand			68,388	3,852
				94,195	24,466
Creditors: Amount falling due within one year			7	(104,521)	(30,175)
Net current liabilities				(10,326)	(5,709)
Total assets less current liabilities				10,215	15,451




Net assets				10,215	15,451

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	10,115	15,351

Total equity				10,215	15,451



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 June 2020
And signed on its behalf by:
J. Wheldon
Director
30 June 2020

for the year ended 30 June 2020

General information

Its registered number is: 10821976

Its registered office is:

Its trading address is:

The Coal Yard Station Road

The Coal Yard

Cattal

Station Road

York

Cattal

North Yorkshire

YO26 8EB

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2020	2019
			Number	Number
		The average number of persons employed during the year :	2	1

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 July 2019	5,205	21,364	26,569
		Additions	7,626	-	7,626


		Disposals	-	(1,399)	(1,399)
		At 30 June 2020	12,831	19,965	32,796
		Depreciation
		At 1 July 2019	542	4,867	5,409
		Charge for the year	3,072	3,774	6,846



		At 30 June 2020	3,614	8,641	12,255
		Net book values
		At 30 June 2020	9,217	11,324	20,541
		At 30 June 2019	4,663	16,497	21,160

5	Stocks
			2020	2019
			£	£

		Work in progress	2,516	3,674

			2,516	3,674

6	Debtors
			2020	2019
			£	£
		Trade debtors	5,133	16,940





		Other debtors	18,158	-

			23,291	16,940

7	Creditors:
		amounts falling due within one year
			2020	2019
			£	£


		Other loans	30,000	-

		Trade creditors	7,796	15,370

		Corporation tax	13,388	2,589
		Other taxes and social security	8,919	-
		Loans from directors	44,258	12,215
		Other creditors	160	-
		Accruals and deferred income	-	1
			104,521	30,175

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.