ESSEX_SCAFFOLDING_LIMITED - Accounts

ESSEX SCAFFOLDING LIMITED - Company Information

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Company Registration No. 07439904 (England and Wales)

ESSEX SCAFFOLDING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ESSEX SCAFFOLDING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ESSEX SCAFFOLDING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

152,666

59,623

Current assets

Debtors

506,565

607,435

Cash at bank and in hand

466,574

190,697

973,139

798,132

Creditors: amounts falling due within one year

(624,699)

(578,904)

Net current assets

348,440

219,228

Total assets less current liabilities

501,106

278,851

Creditors: amounts falling due after more than one year

(96,334)

(92,670)

Provisions for liabilities

(9,448)

(5,087)

395,324

181,094

Capital and reserves

Called up share capital

100

Profit and loss account

395,224

180,994

Shareholders' funds

395,324

181,094

For the financial year ended 31 March 2016 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 2 December 2016

Mr M Worrell

Director

Company Registration No. 07439904

ESSEX SCAFFOLDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Plant and machinery

5 years straight line

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

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.

Fixed assets

Tangible assets

Cost

At 1 April 2015

89,069

Additions

139,993

Disposals

(33,849)

At 31 March 2016

195,213

Depreciation

At 1 April 2015

29,446

On disposals

(17,866)

Charge for the year

30,967

At 31 March 2016

42,547

Net book value

At 31 March 2016

152,666

At 31 March 2015

59,623

ESSEX SCAFFOLDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

50 Ordinary shares of £1 each

50 B Ordinary shares of £1 each

100