IRIS Accounts Production v22.2.0.402 07108421 director 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071084212020-12-31071084212021-12-31071084212021-01-012021-12-31071084212019-12-31071084212020-01-012020-12-31071084212020-12-3107108421ns16:EnglandWales2021-01-012021-12-3107108421ns15:PoundSterling2021-01-012021-12-3107108421ns11:Director12021-01-012021-12-3107108421ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3107108421ns11:SmallEntities2021-01-012021-12-3107108421ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3107108421ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3107108421ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3107108421ns11:FullAccounts2021-01-012021-12-3107108421ns11:RegisteredOffice2021-01-012021-12-3107108421ns6:CurrentFinancialInstruments2021-12-3107108421ns6:CurrentFinancialInstruments2020-12-3107108421ns6:Non-currentFinancialInstruments2021-12-3107108421ns6:Non-currentFinancialInstruments2020-12-3107108421ns6:ShareCapital2021-12-3107108421ns6:ShareCapital2020-12-3107108421ns6:RetainedEarningsAccumulatedLosses2021-12-3107108421ns6:RetainedEarningsAccumulatedLosses2020-12-3107108421ns6:PlantMachinery2021-01-012021-12-3107108421ns6:MotorVehicles2021-01-012021-12-3107108421ns6:ComputerEquipment2021-01-012021-12-3107108421ns6:PlantMachinery2020-12-3107108421ns6:MotorVehicles2020-12-3107108421ns6:ComputerEquipment2020-12-3107108421ns6:PlantMachinery2021-12-3107108421ns6:MotorVehicles2021-12-3107108421ns6:ComputerEquipment2021-12-3107108421ns6:PlantMachinery2020-12-3107108421ns6:MotorVehicles2020-12-3107108421ns6:ComputerEquipment2020-12-3107108421ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3107108421ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3107108421ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-12-3107108421ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2020-12-31
REGISTERED NUMBER: 07108421 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ON SITE FRAMING LTD

ON SITE FRAMING LTD (REGISTERED NUMBER: 07108421)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ON SITE FRAMING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: D R Fielder





REGISTERED OFFICE: Chy An Fawen
West Trewirgie Road
REDRUTH
Cornwall
TR15 2TJ





REGISTERED NUMBER: 07108421 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

ON SITE FRAMING LTD (REGISTERED NUMBER: 07108421)

BALANCE SHEET
31 DECEMBER 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,385 3,676

CURRENT ASSETS
Stocks 151,952 10,652
Debtors 5 81,256 25,404
Cash at bank 14,000 28,001
247,208 64,057
CREDITORS
Amounts falling due within one year 6 290,814 65,368
NET CURRENT LIABILITIES (43,606 ) (1,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,221

)

2,365

CREDITORS
Amounts falling due after more than one
year

7

(32,830

)

(20,000

)

PROVISIONS FOR LIABILITIES (453 ) (699 )
NET LIABILITIES (74,504 ) (18,334 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (74,505 ) (18,335 )
(74,504 ) (18,334 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ON SITE FRAMING LTD (REGISTERED NUMBER: 07108421)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2022 and were signed by:





D R Fielder - Director


ON SITE FRAMING LTD (REGISTERED NUMBER: 07108421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

On Site Framing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ON SITE FRAMING LTD (REGISTERED NUMBER: 07108421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The company has net liabilities and is reliant upon the continued support of its director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 1,630 12,615 1,933 16,178
Disposals - (6,620 ) - (6,620 )
At 31 December 2021 1,630 5,995 1,933 9,558
DEPRECIATION
At 1 January 2021 408 10,695 1,399 12,502
Charge for year 305 356 133 794
Eliminated on disposal - (6,123 ) - (6,123 )
At 31 December 2021 713 4,928 1,532 7,173
NET BOOK VALUE
At 31 December 2021 917 1,067 401 2,385
At 31 December 2020 1,222 1,920 534 3,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 10,900 -
Amounts recoverable on contract 52,000 6,000
Other debtors 1,522 11,202
VAT 16,529 6,878
Prepayments 305 1,324
81,256 25,404

ON SITE FRAMING LTD (REGISTERED NUMBER: 07108421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts 190,736 13,586
Trade creditors 23,329 18,741
Social security and other taxes - 710
NEST pension - 54
Other creditors 67,651 5,390
Directors' current accounts 7,363 25,237
Accruals and deferred income 1,735 1,650
290,814 65,368

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/21 31/12/20
£    £   
Bank loans - 2-5 years 32,830 20,000