Easy Access Scaffolding Ltd - Limited company accounts 11.6

REGISTERED NUMBER: 07957351 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

EASY ACCESS SCAFFOLDING LTD

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J E Snook

Miss T Hodder

SECRETARY:

REGISTERED OFFICE:

147 West Town Lane

Brislington

Bristol

BS14 9EA

REGISTERED NUMBER:

07957351 (England and Wales)

ACCOUNTANTS:

John Davis & Co Accountants

48 The Causeway

Chippenham

Wiltshire

SN15 3DD

The directors present their report with the financial statements of the company for the year ended 31 March 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Scaffolding Hire .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this report.

J E Snook

Miss T Hodder

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Miss T Hodder - Director

19 December 2014

TURNOVER

877,576

811,560

Cost of sales

215,072

118,561

GROSS PROFIT

662,504

692,999

Administrative expenses

576,412

513,228

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

86,092

179,771

Tax on profit on ordinary activities

3

16,396

34,834

PROFIT FOR THE FINANCIAL YEAR

69,696

144,937

FIXED ASSETS

Tangible assets

5

9,712

5,600

CURRENT ASSETS

Debtors

6

139,835

128,069

Cash at bank

66,119

41,637

205,954

169,706

CREDITORS

Amounts falling due within one year

7

78,731

83,367

NET CURRENT ASSETS

127,223

86,339

TOTAL ASSETS LESS CURRENT
LIABILITIES

136,935

91,939

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

9

136,933

91,937

SHAREHOLDERS' FUNDS

136,935

91,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 19 December 2014 and were signed on its behalf
by:

J E Snook - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

Depreciation - owned assets

2,778

1,400

Directors' remuneration and other benefits etc

31,200

15,700

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

16,396

34,834

Tax on profit on ordinary activities

16,396

34,834

4.

DIVIDENDS

2014

2013

£

Ordinary shares of £1 each

Final

24,700

53,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2013

7,000

Additions

6,890

At 31 March 2014

13,890

DEPRECIATION

At 1 April 2013

1,400

Charge for year

2,778

At 31 March 2014

4,178

NET BOOK VALUE

At 31 March 2014

9,712

At 31 March 2013

5,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

139,835

128,069

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

37,247

34,719

Taxation and social security

39,433

47,605

Other creditors

2,051

1,043

78,731

83,367

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

9.

RESERVES

Profit

and loss

account

£

At 1 April 2013

91,937

Profit for the year

69,696

Dividends

(24,700

)

At 31 March 2014

136,933