Company Registration No. 05616599 (England and Wales)
Ash Scaffolding Limited
Unaudited accounts
for the year ended 31 March 2017
Ash Scaffolding Limited
Unaudited accounts
Contents
Ash Scaffolding Limited
Company Information
for the year ended 31 March 2017
Director
Mr Ashley Hodgkins
Company Number
05616599 (England and Wales)
Registered Office
UNIT H SMARDEN BUSINESS ESTATE
MONKS HILL, SMARDEN ROAD
SMARDEN, ASHFORD
KENT
TN27 8QL
Accountants
Rustrick Accountants Limited
3 Greystones Road
Bearsted
Maidstone
Kent
ME15 8PD
Ash Scaffolding Limited
Statement of financial position
as at 31 March 2017
Intangible assets
13,831
16,598
Tangible assets
123,958
84,145
Cash at bank and in hand
18,508
39,417
Creditors: amounts falling due within one year
(105,806)
(66,993)
Net current (liabilities)/assets
(34,651)
6,281
Total assets less current liabilities
103,138
107,024
Creditors: amounts falling due after more than one year
(52,036)
(67,645)
Provisions for liabilities
Deferred tax
(14,792)
(6,829)
Called up share capital
10
10
Revaluation reserve
35,000
35,000
Profit and loss account
1,300
(2,460)
Shareholders' funds
36,310
32,550
For the year ending 31 March 2017 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 December 2017.
Mr Ashley Hodgkins
Director
Company Registration No. 05616599
Ash Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2017
Ash Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 05616599. The registered office is UNIT H SMARDEN BUSINESS ESTATE, MONKS HILL, SMARDEN ROAD, SMARDEN, ASHFORD, KENT, TN27 8QL.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation director feels value greater than book value
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Ash Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2017
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2016
50,000
-
44,455
4,515
98,970
Additions
-
16,166
42,846
5,455
64,467
At 31 March 2017
50,000
16,166
87,301
9,970
163,437
At 1 April 2016
-
-
11,114
3,711
14,825
Charge for the year
-
4,042
19,047
1,565
24,654
At 31 March 2017
-
4,042
30,161
5,276
39,479
At 31 March 2017
50,000
12,124
57,140
4,694
123,958
At 31 March 2016
50,000
-
33,341
804
84,145
Ash Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2017
Trade debtors
45,912
31,200
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
4,668
4,829
Obligations under finance leases and hire purchase contracts
10,927
10,694
Trade creditors
70,113
27,674
Taxes and social security
18,898
22,596
Other creditors
1,200
1,200
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
19,452
30,207
9
Deferred taxation
2017
2016
Accelerated capital allowances
14,792
6,829
Provision at start of year
6,829
-
Charged to the profit and loss account
7,963
6,829
Provision at end of year
14,792
6,829
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Mr Toni Hodgkins is the ultimate controller by virtue of his 90% shareholding
12
Average number of employees
During the year the average number of employees was 8 (2016: 4).
