Gainsborough Scaffolding Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14102308 (England and Wales)

Unaudited Financial Statements

for the Period 12 May 2022 to 31 May 2023

for

Gainsborough Scaffolding Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Anderson

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

14102308 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

6,062

CURRENT ASSETS

Debtors

5

5,220

Cash at bank

5,742

10,962

CREDITORS

Amounts falling due within one year

6

8,433

NET CURRENT ASSETS

2,529

TOTAL ASSETS LESS CURRENT LIABILITIES

8,591

PROVISIONS FOR LIABILITIES

1,152

NET ASSETS

7,439

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

7,438

7,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 October 2023 and were signed by:

G Anderson - Director

1.	STATUTORY INFORMATION

Gainsborough 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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

8,083

At 31 May 2023

8,083

DEPRECIATION

Charge for period

2,021

At 31 May 2023

2,021

NET BOOK VALUE

At 31 May 2023

6,062

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

5,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

3,220

VAT

1,069

Directors' current accounts

3,545

Accrued expenses

599

8,433

7.	RELATED PARTY DISCLOSURES

During the period, total dividends of £10,699 were paid to the director .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G Anderson.

At the balance sheet date the amount owed to the director by the company was £3,545.