Gatwick Scaffolding Limited - Accounts to registrar (filleted) - small 18.2
Gatwick Scaffolding Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| GATWICK SCAFFOLDING LIMITED |
| GATWICK SCAFFOLDING LIMITED (REGISTERED NUMBER: 02451414) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GATWICK SCAFFOLDING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 83 High Street |
| West Wickham |
| Kent |
| BR4 0LS |
| GATWICK SCAFFOLDING LIMITED (REGISTERED NUMBER: 02451414) |
| BALANCE SHEET |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Capital redemption reserve |
| Retained earnings |
| 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. |
| 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 |
| GATWICK SCAFFOLDING LIMITED (REGISTERED NUMBER: 02451414) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| Gatwick Scaffolding Limited is a |
| 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 |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| GATWICK SCAFFOLDING LIMITED (REGISTERED NUMBER: 02451414) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 7. | RELATED PARTY DISCLOSURES |
| 1) During the year, transactions took place between Norman Brickwork, a partnership in which N Norman is a |
| partner and also Norman Brickwork Limited, a subsidiary of Norman Family Holdings Ltd. All transactions were |
| conducted on a normal commercial basis and were as follows: |
| Charges from/(to) Norman Brickwork | 2018 | 2017 |
| £ | £ |
| Hire of scaffolding | 956,583 | 741,099 |
| Hire of vehicles | 63,180 | 592,80 |
| Administration and operating costs | 2,002 | 1,127 |
| Vehicle running costs | 51,332 | 42,768 |
| Finance costs on unsecured loans | (20,581 | ) | (27,786 | ) |
| 2) There were amounts outstanding at the year end from Norman Brickworkand to Norman Brickwork Limited, a subsidiary of Norman Family Holdings Ltd, and to Norman Family Holdings Ltd. |
| Norman Brickwork | 234,732 | 205,810 |
| Norman Brickwork Limited | (229,806 | ) | (218,856 | ) |
| Norman Family Holdings Limited | (271,087 | ) | (271,087 | ) |
| 3) Interest is payable at normal commercial rates on monies owed by Norman Brickwork partnership. This |
| amounted to £20,581 during the year to 31 March 2018 (£27.786 during the year to 31 March 2017) |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Norman Family Holdings Limited, a company registered in England. |