Company Registration No. 02471156 (England and Wales)
Commercial Scaffolding Limited
Unaudited accounts
for the year ended 30 September 2022
Commercial Scaffolding Limited
Unaudited accounts
Contents
Commercial Scaffolding Limited
Statement of financial position
as at 30 September 2022
Tangible assets
583,756
494,022
Cash at bank and in hand
190,753
232,591
Creditors: amounts falling due within one year
(336,369)
(360,126)
Net current assets
664,665
585,378
Total assets less current liabilities
1,248,421
1,079,400
Creditors: amounts falling due after more than one year
(361,464)
(312,555)
Provisions for liabilities
Deferred tax
(48,268)
(24,233)
Net assets
838,689
742,612
Called up share capital
8,205
8,205
Profit and loss account
830,484
734,407
Shareholders' funds
838,689
742,612
For the year ending 30 September 2022 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 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 of Directors and authorised for issue on 6 April 2023 and were signed on its behalf by
Alan Lilley
Director
Company Registration No. 02471156
Commercial Scaffolding Limited
Notes to the Accounts
for the year ended 30 September 2022
Commercial Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 02471156. The registered office is Leads Road, Hull, East Yorkshire, HU7 0DF.
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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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% on cost
Plant & machinery
15% on cost
Motor vehicles
15% on cost
Fixtures & fittings
15% on cost
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 assets and liabilities are not discounted.
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.
Commercial Scaffolding Limited
Notes to the Accounts
for the year ended 30 September 2022
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2021
335,629
1,419,743
258,719
55,149
2,069,240
Additions
-
161,997
-
-
161,997
At 30 September 2022
335,629
1,581,740
258,719
55,149
2,231,237
At 1 October 2021
-
1,329,919
201,217
44,082
1,575,218
Charge for the year
-
39,535
29,257
3,471
72,263
At 30 September 2022
-
1,369,454
230,474
47,553
1,647,481
At 30 September 2022
335,629
212,286
28,245
7,596
583,756
At 30 September 2021
335,629
89,824
57,502
11,067
494,022
Amounts falling due within one year
Trade debtors
759,133
661,577
Accrued income and prepayments
1,225
1,225
Other debtors
28,498
22,568
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
99,996
78,125
Obligations under finance leases and hire purchase contracts
-
10,667
Trade creditors
161,838
163,996
Taxes and social security
64,633
99,081
Other creditors
3,068
1,423
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Creditors: amounts falling due after more than one year
2022
2021
Other creditors
361,464
312,555
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Average number of employees
During the year the average number of employees was 32 (2021: 32).
