Eastern Counties Scaffolding Services Ltd - Period Ending 2021-07-31

Eastern Counties Scaffolding Services Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 7

Eastern Counties Scaffolding Services Ltd

Company Information

Directors

M L Pickett A H Barker

Company secretaries

J A Barker S Pickett

Registered office

Airfield Industrial Estate Muck Lane Rackheath Norwich Norfolk NR13 6ST

Accountants

Pacific Limited Chartered Accountants 1st Floor, Woburn House 84 St Benedicts Street Norwich Norfolk, NR2 4AB

Eastern Counties Scaffolding Services Ltd

(Registration number: 04466206)
Balance Sheet as at 31 July 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	224,600	244,702
Current assets
Stocks		6,402	2,580
Debtors	5	48,848	78,005
Cash at bank and in hand		278,674	217,320
		333,924	297,905
Creditors: Amounts falling due within one year	6	(73,569)	(80,967)
Net current assets		260,355	216,938
Total assets less current liabilities		484,955	461,640
Provisions for liabilities		(14,700)	(14,023)
Net assets		470,255	447,617
Capital and reserves
Called up share capital	7	750	750
Share premium reserve		17,875	17,875
Profit and loss account		451,630	428,992
Total equity		470,255	447,617

Eastern Counties Scaffolding Services Ltd

(Registration number: 04466206)
Balance Sheet as at 31 July 2021

For the financial year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 April 2022 and signed on its behalf by:
 

 

M L Pickett
Director

 

A H Barker
Director

Eastern Counties Scaffolding Services Ltd

Notes to the Financial Statements for the Year Ended 31 July 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Airfield Industrial Estate
Muck Lane
Rackheath
Norwich
Norfolk
NR13 6ST

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax policies
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred Tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Eastern Counties Scaffolding Services Ltd

Notes to the Financial Statements for the Year Ended 31 July 2021

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% straight line on buildings
Furniture, fittings and equipment	15% reducing balance
Motor vehicles	25% reducing balance
Plant and equipment	15% or 20% reducing balance

Stock and work in progress

Stocks are stated at the lower of cost and net realisable value.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Cash

Cash comprises cash on hand and all deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3	Staff numbers

The average number of persons employed by the company during the year was 11 (2020 - 9).

Eastern Counties Scaffolding Services Ltd

Notes to the Financial Statements for the Year Ended 31 July 2021

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Plant, office equipment, fixtures and fittings  £	Total £
Cost
At 1 August 2020	199,442	22,551	479,274	701,267
Additions	-	-	1,667	1,667
Disposals	-	-	(62,979)	(62,979)
At 31 July 2021	199,442	22,551	417,962	639,955
Depreciation
At 1 August 2020	31,829	19,504	405,232	456,565
Charge for the year	1,891	761	10,762	13,414
Eliminated on disposal	-	-	(54,624)	(54,624)
At 31 July 2021	33,720	20,265	361,370	415,355
Net book value
At 31 July 2021	165,722	2,286	56,592	224,600
At 31 July 2020	167,613	3,047	74,042	244,702

5

Debtors

	2021 £	2020 £
Trade debtors	26,396	53,467
Other debtors	8,682	9,750
Prepayments and accrued income	13,770	14,788
	48,848	78,005

Eastern Counties Scaffolding Services Ltd

Notes to the Financial Statements for the Year Ended 31 July 2021

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Trade creditors	15,012	13,486
Taxation and social security	38,766	47,894
Accruals and deferred income	2,575	3,095
Other creditors	5,267	4,511
Other loans	11,949	11,981
	73,569	80,967

7	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	750	750	750	750

8	Related party transactions

Directors' Advances

The company provided a director with a current account on which cash advances were made and items of personal expenditure paid for by the company were charged. During the year £698 (2020 - £317) was advanced and £698 (2020 - £317) was repaid.

Advances were unsecured and no interest has been charged.