South Western Scaffolding Limited - Abbreviated accounts 16.1

South Western Scaffolding Limited - Abbreviated accounts 16.1

SOUTH WESTERN SCAFFOLDING LIMITED - Company Information

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REGISTERED NUMBER: 01305839















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

SOUTH WESTERN SCAFFOLDING LIMITED

SOUTH WESTERN SCAFFOLDING LIMITED (REGISTERED NUMBER: 01305839)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SOUTH WESTERN SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTORS: J P Payne
Mrs M J Payne



REGISTERED OFFICE: 4 South Terrace
South Street
Dorchester
Dorset
DT1 1DE



REGISTERED NUMBER: 01305839



BANKERS: Barclays Bank plc
10 South Street
Dorchester
Dorset
DT1 1BT
Page 1
SOUTH WESTERN SCAFFOLDING LIMITED (REGISTERED NUMBER: 01305839)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 169,386 206,127

CURRENT ASSETS
Stocks 3,732 1,450
Debtors 138,744 96,550
Cash at bank and in hand 120,212 147,756
262,688 245,756
CREDITORS
Amounts falling due within one year 3 163,145 179,148
NET CURRENT ASSETS 99,543 66,608
TOTAL ASSETS LESS CURRENT
LIABILITIES
268,929
272,735

PROVISIONS FOR LIABILITIES 28,188 26,020
NET ASSETS 240,741 246,715

CAPITAL AND RESERVES
Called up share capital 4 100 2
Profit and loss account 240,641 246,713
SHAREHOLDERS' FUNDS 240,741 246,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
SOUTH WESTERN SCAFFOLDING LIMITED (REGISTERED NUMBER: 01305839)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 17 August 2016 and were signed on its behalf by:




J P Payne - Director



Mrs M J Payne - Director


The notes form part of these abbreviated accounts

Page 3
SOUTH WESTERN SCAFFOLDING LIMITED (REGISTERED NUMBER: 01305839)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Freehold property - 15% on reducing balance
Leasehold improvements - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Scaffolding - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office and computer equipment - 33% on reducing balance

Stocks and work in progress
Stocks are are valued at cost, after making due allowances for obsolete and slow moving items and work in
progress is valued at the saleable price.

Work in progress is valued at selling price rather than at the lower of cost and net realisable value. This is in
accordance with UITF 40 regulations.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 788,984
Additions 47,095
Disposals (60,991 )
At 31 January 2016 775,088
DEPRECIATION
At 1 February 2015 582,857
Charge for year 66,654
Eliminated on disposal (43,809 )
At 31 January 2016 605,702
NET BOOK VALUE
At 31 January 2016 169,386
At 31 January 2015 206,127

3. CREDITORS

Creditors include an amount of £ 0 (2015 - £ 5,000 ) for which security has been given.

Page 4 continued...
SOUTH WESTERN SCAFFOLDING LIMITED (REGISTERED NUMBER: 01305839)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
5 Ordinary "A" shares £1 5 2
(2015 - 2 )
95 Ordinary "B" shares £1 95 -
100 2

The following shares were allotted and fully paid for cash at par during the year:

3 Ordinary "A" shares shares of £1 each
95 Ordinary "B" shares shares of £1 each

All Ordinary shares rank pari passu with each other, except that "A" Ordinary shares do not share in a surplus on
winding up and have no voting rights.

5. RELATED PARTY DISCLOSURES

Mr & Mrs Foyle also control and are directors of Dorset Scaffolding Limited.

Included within creditors: amounts falling due within one year is a loan from J W and Mrs S S Foyle, directors,
amounting to £0 (2015 - £494).

Included within creditors: amounts falling due within one year is a loan from J P Payne, director amounting to
£9,211 and Mrs M J Payne, director amounting to £8,846 These loans are interest free and repayable on
demand.

6. ULTIMATE CONTROLLING PARTY

J W Foyle and Mrs S S Foyle, directors, transfered their shares to J P Payne and Mrs M J Payne on the 29
January 2016.

The company's ownership changed on the 29 January 2016 and is now controlled by J P Payne and Mrs M J
Payne, directors, who together own 95% of the issued "B" ordinary share capital.

Page 5