Diss Scaffolding Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07693352 (England and Wales)

Diss Scaffolding Services Ltd

Unaudited Financial Statements

for the year ended

31 March 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

R Littleboy

Miss H P Littleboy

R W Talbot

REGISTERED OFFICE:

Unit 8

Hopper Way

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

07693352 (England and Wales)

ACCOUNTANTS:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Intangible assets

4

783

783

Tangible assets

5

25,444

27,997

26,227

28,780

CURRENT ASSETS

Debtors

6

210,541

202,057

Cash at bank

103,238

87,075

313,779

289,132

CREDITORS

Amounts falling due within one year

7

(289,492

)

(227,228

)

NET CURRENT ASSETS

24,287

61,904

TOTAL ASSETS LESS CURRENT LIABILITIES

50,514

90,684

CREDITORS

Amounts falling due after more than one year

8

(22,500

)

(32,500

)

PROVISIONS FOR LIABILITIES

(4,834

)

(5,319

)

NET ASSETS

23,180

52,865

CAPITAL AND RESERVES

Called up share capital

9

2,500

2,500

Retained earnings

20,680

50,365

SHAREHOLDERS' FUNDS

23,180

52,865

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 December 2023 and were signed on its behalf by:

R Littleboy - Director

Miss H P Littleboy - Director

R W Talbot - Director

1.	STATUTORY INFORMATION

Diss Scaffolding Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Cherished plates are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in other income within profit or loss in the same period as the related expenditure. This includes the Government Coronavirus Job Retention Scheme and Coronavirus local authority grants.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2022

and 31 March 2023

783

NET BOOK VALUE

At 31 March 2023

783

At 31 March 2022

783

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2022

10,694

66,020

76,714

Additions

-

592

592

At 31 March 2023

10,694

66,612

77,306

DEPRECIATION

At 1 April 2022

1,742

46,975

48,717

Charge for year

214

2,931

3,145

At 31 March 2023

1,956

49,906

51,862

NET BOOK VALUE

At 31 March 2023

8,738

16,706

25,444

At 31 March 2022

8,952

19,045

27,997

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

183,672

115,998

Other debtors

26,869

86,059

210,541

202,057

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

74,234

30,950

Amounts owed to group undertakings

1,580

1,580

Taxation and social security

58,509

31,459

Other creditors

145,169

153,239

289,492

227,228

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

22,500

32,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

750

Ordinary

£1

750

750

200

Ordinary B

£1

200

200

50

Ordinary C

£1

50

50

1,000

1,000

Allotted and issued:

Number:

Class:

Nominal

2023

2022

value:

£

£

150,000

E Shares

£1

1,500

1,500

10.	RELATED PARTY DISCLOSURES

At the year-end the company owed the directors £112,449 (2022 - £128,337) by way of interest free loans with no set repayment terms.

At the year-end the company owes £1,580 (2022 - £1,580) to the parent company relating to an interest free loan included in other creditors, there are no set repayment terms for this loan.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Diss Scaffolding Services Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Diss Scaffolding Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Diss Scaffolding Services Ltd and state those matters that we have agreed to state to the Board of Directors of Diss Scaffolding Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Diss Scaffolding Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Diss Scaffolding Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Diss Scaffolding Services Ltd. You consider that Diss Scaffolding Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Diss Scaffolding Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

Date: .............................................