Hanworth Scaffolding Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09516915 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Hanworth Scaffolding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Hancock

L P Hancock

N D Hancock

M J Hancock

SECRETARY:

Mrs A Hancock

REGISTERED OFFICE:

4 Stirling House

Sunderland Quay

Culpeper Close

Rochester

Kent

ME2 4HN

REGISTERED NUMBER:

09516915 (England and Wales)

ACCOUNTANTS:

Sinden Thackeray Partnership

Stirling House

Sunderland Quay

Culpeper Close

Rochester

Kent

ME2 4HN

FIXED ASSETS

Intangible assets

4

24,000

32,000

Tangible assets

5

54,076

43,376

78,076

75,376

CURRENT ASSETS

Debtors

6

43,156

76,800

Cash at bank

53,221

15,782

96,377

92,582

CREDITORS

Amounts falling due within one year

7

111,927

152,901

NET CURRENT LIABILITIES

(15,550

)

(60,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,526

15,057

PROVISIONS FOR LIABILITIES

8

10,815

8,675

NET ASSETS

51,711

6,382

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

51,611

6,282

SHAREHOLDERS' FUNDS

51,711

6,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 November 2017 and were signed on its behalf by:

P Hancock - Director

N D Hancock - Director

L P Hancock - Director

M J Hancock - Director

1.	STATUTORY INFORMATION

Hanworth Scaffolding Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

40,000

AMORTISATION

At 1 April 2016

8,000

Charge for year

8,000

At 31 March 2017

16,000

NET BOOK VALUE

At 31 March 2017

24,000

At 31 March 2016

32,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

54,220

Additions

24,219

At 31 March 2017

78,439

DEPRECIATION

At 1 April 2016

10,844

Charge for year

13,519

At 31 March 2017

24,363

NET BOOK VALUE

At 31 March 2017

54,076

At 31 March 2016

43,376

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

42,143

73,912

Prepayments

1,013

2,888

43,156

76,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Family Loan

14,490

14,490

Tax

37,374

14,016

Social security and other taxes

(69,800

)

(17,758

)

VAT

10,513

10,877

Directors' current accounts

118,480

130,406

Accrued expenses

870

870

111,927

152,901

8.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

10,815

8,675

Deferred

tax

£

Balance at 1 April 2016

8,675

Provided during year

2,140

Balance at 31 March 2017

10,815

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2016

6,282

Profit for the year

149,879

Dividends

(104,550

)

At 31 March 2017

51,611

11.	FIRST YEAR ADOPTION

The Company has this year prepared its accounts under FRS 102 having previously prepared them under the

historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities as at 1st

April 2016.