Quality Construction & Scaffolding Limited

Quality Construction & Scaffolding Limited

QUALITY CONSTRUCTION & SCAFFOLDING LTD. - Company Information

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Company Registration No. 7102155 (England and Wales)
Quality Construction & Scaffolding Limited Annual report and unaudited accounts for the year ended 31 December 2016
Quality Construction & Scaffolding Limited Annual report and unaudited accounts Contents
Page
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Quality Construction & Scaffolding Limited Company Information for the year ended 31 December 2016
Director
L.T. Close
Company Number
7102155 (England and Wales)
Registered Office
2nd Floor, Cussins House 22-28 Wood Street Doncaster DN1 3LW
Accountants
Bernard Lister & Co 2nd Floor, Cussins House 22 Wood Street Doncaster DN1 3LW
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Quality Construction & Scaffolding Limited Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
251,231 
119,765 
Current assets
Inventories
5
29,342 
54,000 
Debtors
6
252,286 
205,440 
Cash at bank and in hand
160,862 
46,212 
442,490 
305,652 
Creditors: amounts falling due within one year
7
(380,525)
(299,437)
Net current assets
61,965 
6,215 
Net assets
313,196 
125,980 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
312,196 
124,980 
Shareholders' funds
313,196 
125,980 
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 22 April 2017.
L.T. Close Director Company Registration No. 7102155
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Quality Construction & Scaffolding Limited Statement of Changes in Equity as at 31 December 2016
Share capital 
Profit & loss account 
Total 
£ 
£ 
£ 
At 1 January 2015
1,000 
(3,921)
(2,921)
Profit for the year
128,901 
128,901 
At 31 December 2015
1,000 
124,980 
125,980 
At 1 January 2016
1,000 
124,980 
125,980 
Profit for the year
197,216 
197,216 
Dividends
(10,000)
(10,000)
At 31 December 2016
1,000 
312,196 
313,196 
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Quality Construction & Scaffolding Limited Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
Quality Construction & Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 7102155. The registered office and principal place of business is 2nd Floor, Cussins House, 22-28 Wood Street, Doncaster, DN1 3LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Quality Construction & Scaffolding Limited Notes to the Accounts for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2016
126,997 
119,135 
246,132 
Additions
46,877 
153,716 
200,593 
At 31 December 2016
173,874 
272,851 
446,725 
Depreciation
At 1 January 2016
60,478 
65,889 
126,367 
Charge for the year
17,387 
51,740 
69,127 
At 31 December 2016
77,865 
117,629 
195,494 
Net book value
At 31 December 2016
96,009 
155,222 
251,231 
At 31 December 2015
66,519 
53,246 
119,765 
5
Inventories
2016 
2015 
£ 
£ 
Work in progress
29,342 
54,000 
29,342 
54,000 
6
Debtors
2016 
2015 
£ 
£ 
Trade debtors
252,286 
201,075 
Accrued income and prepayments
- 
4,365 
252,286 
205,440 
7
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Bank loans and overdrafts
127,209 
112,450 
Obligations under finance leases and hire purchase contracts
79,284 
20,756 
Trade creditors
113,067 
120,153 
Corporation tax
31,586 
11,827 
Loans from directors
29,379 
34,251 
380,525 
299,437 
8
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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