SWALE_SCAFFOLDING_HIRE_AN - Accounts

SWALE SCAFFOLDING HIRE AND SALES LTD - Company Information

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Company Registration No. 04177427 (England and Wales)

SWALE SCAFFOLDING HIRE AND SALES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

SWALE SCAFFOLDING HIRE AND SALES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

SWALE SCAFFOLDING HIRE AND SALES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

279,448

484,210

Current assets

Stocks

15,935

32,258

Debtors

236,642

162,524

Cash at bank and in hand

275,490

30,438

528,067

225,220

Creditors: amounts falling due within one year

(403,752)

(379,483)

Net current assets/(liabilities)

124,315

(154,263)

Total assets less current liabilities

403,763

329,947

Creditors: amounts falling due after more than one year

(71,511)

Provisions for liabilities

(45,698)

(32,074)

358,065

226,362

Capital and reserves

Called up share capital

100

Profit and loss account

357,965

226,262

Shareholders' funds

358,065

226,362

SWALE SCAFFOLDING HIRE AND SALES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 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 financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 December 2015

Mr P S Ward

Director

Company Registration No. 04177427

SWALE SCAFFOLDING HIRE AND SALES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and rents receivable from assets held for use in operating leases by the company.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line

Plant and machinery

20% reducing balance

Fixtures, fittings & equipment

20% reducing balance

Motor vehicles

25% reducing balance

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

SWALE SCAFFOLDING HIRE AND SALES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 August 2014

922,329

Additions

117,951

Disposals

(346,926)

At 31 July 2015

693,354

Depreciation

At 1 August 2014

438,119

On disposals

(85,050)

Charge for the year

60,837

At 31 July 2015

413,906

Net book value

At 31 July 2015

279,448

At 31 July 2014

484,210

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £8,352).

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

35,968

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £71,511).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

SWALE SCAFFOLDING HIRE AND SALES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 5 -

Ultimate parent company

The ultimate holding company is Swale Scaffolding Limited, a company registered in England. At the year end Swale Scaffolding Limited was controlled by Mrs G M Pepe by virtue of her majority shareholding. her majority shareholding.