L&N SCAFFOLDING LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11729462 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

L&N SCAFFOLDING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L W BARFIELD

MRS L D BARFIELD

REGISTERED OFFICE:

62 STAKES ROAD

PURBROOK

WATERLOOVILLE

Hampshire

PO7 5NT

REGISTERED NUMBER:

11729462 (England and Wales)

ACCOUNTANTS:

Landi Accounting Limited

62 Stakes Road

Purbrook

Waterlooville

Hampshire

PO7 5NT

FIXED ASSETS

Intangible assets

4

9,600

10,800

Tangible assets

5

24,488

26,838

34,088

37,638

CURRENT ASSETS

Debtors

6

9,800

2,800

Cash at bank

17,104

31,879

26,904

34,679

CREDITORS

Amounts falling due within one year

7

53,150

46,232

NET CURRENT LIABILITIES

(26,246

)

(11,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,842

26,085

CREDITORS

Amounts falling due after more than one year

8

7,750

10,750

NET ASSETS

92

15,335

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

90

15,333

SHAREHOLDERS' FUNDS

92

15,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2022 and were signed on its behalf by:

L W BARFIELD - Director

1.	STATUTORY INFORMATION

L&N SCAFFOLDING LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

12,000

AMORTISATION

At 1 January 2021

1,200

Charge for year

1,200

At 31 December 2021

2,400

NET BOOK VALUE

At 31 December 2021

9,600

At 31 December 2020

10,800

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2021

18,000

12,500

30,500

Additions

-

5,250

5,250

At 31 December 2021

18,000

17,750

35,750

DEPRECIATION

At 1 January 2021

2,100

1,562

3,662

Charge for year

3,600

4,000

7,600

At 31 December 2021

5,700

5,562

11,262

NET BOOK VALUE

At 31 December 2021

12,300

12,188

24,488

At 31 December 2020

15,900

10,938

26,838

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

9,800

2,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

741

1,309

Taxation and social security

11,653

11,973

Other creditors

40,756

32,950

53,150

46,232

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

7,750

10,750

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,750

10,750