Scaffold Orkney Limited - Accounts to registrar (filleted) - small 17.3
Scaffold Orkney Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Scaffold Orkney Limited |
| Scaffold Orkney Limited (Registered number: SC427641) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Scaffold Orkney Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 - 3 East Road |
| Kirkwall |
| Orkney |
| KW15 1HZ |
| BANKERS: |
| 56 Albert Street |
| Kirkwall |
| Orkney |
| KW15 1HJ |
| Scaffold Orkney Limited (Registered number: SC427641) |
| Abridged Balance Sheet |
| 31 March 2017 |
| 2016 | 2017 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| CREDITORS |
| Amounts falling due within one year |
| ( |
) | NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| ( |
) | Amounts falling due after more than one year |
( |
) |
| ( |
) | ACCRUALS AND DEFERRED INCOME | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Scaffold Orkney Limited (Registered number: SC427641) |
| Abridged Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Scaffold Orkney Limited (Registered number: SC427641) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Scaffold Orkney Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Land and Buildings are not depreciated, as properties are maintained to ensure that their value does not |
| diminish over time. |
| Government grants |
| Government grants received are treated as deferred credits and credited to the profit and loss account |
| over the estimated useful life of the relevant fixed assets. Other grants of a revenue nature are credited to |
| the profit and loss account in the year to which they relate. |
| Hire purchase and leasing commitments |
| Assets obtained under finance leases and hire purchase contracts are capitalised in the balance sheet and |
| are depreciated over their useful lives. The interest element of the rental obligations are charged to profit |
| and loss account over the period of the lease and represents a constant proportion of the balance of |
| capital repayments outstanding. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Scaffold Orkney Limited (Registered number: SC427641) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Included in cost of land and buildings is freehold land of £ 57,148 (2016 - £ 57,148 ) which is not |
| depreciated. |
| The net book value of tangible assets includes an amount of £14,729 (2016 - £3,749) in respect of assets |
| held under finance leases. The related depreciation charge for the year was £2,014 (2016 - £1,250). |
| 5. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Scaffold Orkney Limited (Registered number: SC427641) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| The bank loan and overdraft are secured by a Floating Charge, over the whole assets of the company, |
| created in favour of the Bank of Scotland. |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2016 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 March 2017 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2017 and |
| 31 March 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £32,000 were paid to the directors . |