Company Registration No. 02764149 (England and Wales)
GLOUCESTER SCAFFOLDING LIMITED
Unaudited accounts
for the year ended 30 November 2021
GLOUCESTER SCAFFOLDING LIMITED
Unaudited accounts
Contents
GLOUCESTER SCAFFOLDING LIMITED
Company Information
for the year ended 30 November 2021
Directors
Brenda Loraine Nunn
Robert Shaun Nunn
Company Number
02764149 (England and Wales)
Registered Office
THE ORCHARDS
HAYDEN HILL,CHELTENHAM
GLOUCESTERSHIRE
GL51 0SW
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
GLOUCESTER SCAFFOLDING LIMITED
Accountants' report
Accountants' report to the board of directors of GLOUCESTER SCAFFOLDING LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
GLOUCESTER SCAFFOLDING LIMITED for the year ended
30 November 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GLOUCESTER SCAFFOLDING LIMITED, as a body, in accordance with the terms of our engagement letter dated 2 October 2020. Our work has been undertaken solely to prepare for your approval the accounts of GLOUCESTER SCAFFOLDING LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GLOUCESTER SCAFFOLDING LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GLOUCESTER SCAFFOLDING LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GLOUCESTER SCAFFOLDING LIMITED. You consider that GLOUCESTER SCAFFOLDING LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GLOUCESTER SCAFFOLDING LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
3 August 2022
GLOUCESTER SCAFFOLDING LIMITED
Statement of financial position
as at 30 November 2021
Tangible assets
65,563
92,368
Cash at bank and in hand
144,391
79,896
Creditors: amounts falling due within one year
(184,830)
(165,856)
Net current assets
106,877
28,104
Net assets
172,440
120,472
Called up share capital
100
100
Profit and loss account
172,340
120,372
Shareholders' funds
172,440
120,472
For the year ending 30 November 2021 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2022 and were signed on its behalf by
Robert Shaun Nunn
Director
Company Registration No. 02764149
GLOUCESTER SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 30 November 2021
GLOUCESTER SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02764149. The registered office is THE ORCHARDS, HAYDEN HILL,CHELTENHAM, GLOUCESTERSHIRE, GL51 0SW.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land & buildings
10% straight line
Plant & machinery
5% / 33% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33.33% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
GLOUCESTER SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 30 November 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2020
14,518
449,869
153,049
9,715
627,151
Additions
-
1,292
-
174
1,466
At 30 November 2021
14,518
451,161
153,049
9,889
628,617
At 1 December 2020
14,518
393,360
123,067
3,838
534,783
Charge for the year
-
18,836
7,496
1,939
28,271
At 30 November 2021
14,518
412,196
130,563
5,777
563,054
At 30 November 2021
-
38,965
22,486
4,112
65,563
At 30 November 2020
-
56,509
29,982
5,877
92,368
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
142,432
114,064
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
-
Trade creditors
8,689
1,969
Taxes and social security
27,834
13,223
Other creditors
(19)
74,393
Loans from directors
96,676
27,833
7
Average number of employees
During the year the average number of employees was 19 (2020: 19).