General Information
Commercial Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 02471156, registration address Commercial Scaffolding Limited Leads Road , Hull Road, North Humberside, HU7 0DF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
0% Reducing Balance |
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
15% Reducing Balance
|
| Computer Equipment |
15% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 32 (2022 : 32).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 October 2022 |
335,629 |
|
1,581,741 |
|
258,719 |
|
55,149 |
|
2,231,238 |
| Additions |
- |
|
43,321 |
|
- |
|
499 |
|
43,820 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 September 2023 |
335,629 |
|
1,625,062 |
|
258,719 |
|
55,648 |
|
2,275,058 |
| Depreciation |
| At 01 October 2022 |
- |
|
1,369,452 |
|
230,474 |
|
47,554 |
|
1,647,480 |
| Charge for year |
- |
|
55,550 |
|
15,236 |
|
3,534 |
|
74,320 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 September 2023 |
- |
|
1,425,002 |
|
245,710 |
|
51,088 |
|
1,721,800 |
| Net book values |
| Closing balance as at 30 September 2023 |
335,629 |
|
200,060 |
|
13,009 |
|
4,560 |
|
553,258 |
| Opening balance as at 01 October 2022 |
335,629 |
|
212,286 |
|
28,245 |
|
7,597 |
|
583,757 |
|
| 4. |
Debtors: amounts falling due within one year
|
2023
£ |
|
2022
£ |
| Trade Debtors |
225,561 |
|
759,133 |
| Prepayments & Accrued Income |
1,225 |
|
1,225 |
| Other Debtors |
30,842 |
|
28,498 |
|
257,628 |
|
788,856 |
|
| 5. |
Creditors: amount falling due within one year
|
2023
£ |
|
2022
£ |
| Trade Creditors |
37,790 |
|
161,838 |
| Bank Loans & Overdrafts |
99,996 |
|
99,996 |
| PAYE & Social Security |
66,739 |
|
64,633 |
| Accrued Expenses |
6,834 |
|
6,834 |
| Other Creditors |
4,373 |
|
3,068 |
| Obligations under HP/Financial Leases |
0 |
|
0 |
|
215,732 |
|
336,369 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2023
£ |
|
2022
£ |
| Bank Loans & Overdrafts |
237,044 |
|
361,464 |
|
237,044 |
|
361,464 |
|
| 7. |
Provisions for liabilities
|
2023
£ |
|
2022
£ |
| Deferred Tax |
48,268 |
|
24,035 |
| Charged to Profit & Loss |
73 |
|
24,233 |
|
48,341 |
|
48,268 |
|
2
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