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REGISTERED NUMBER: 05233731 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CORKETT SCAFFOLDING LIMITED

CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORKETT SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I Corkett
Mrs P K Corkett
S Corkett
Mrs E Corkett





SECRETARY: Mrs P K Corkett





REGISTERED OFFICE: 135 Station Road
Quainton
Aylesbury
Buckinghamshire
HP22 4BX





REGISTERED NUMBER: 05233731 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,561 122,514

CURRENT ASSETS
Debtors 5 20,538 21,943

CREDITORS
Amounts falling due within one year 6 61,254 53,005
NET CURRENT LIABILITIES (40,716 ) (31,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,845

91,452

CREDITORS
Amounts falling due after more than one
year

7

(47,011

)

(61,825

)

PROVISIONS FOR LIABILITIES (13,634 ) (16,648 )
NET ASSETS 3,200 12,979

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 3,000 12,779
SHAREHOLDERS' FUNDS 3,200 12,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





I Corkett - Director


CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Corkett Scaffolding Limited 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.

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 represents net invoices for scaffold hire and labour, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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
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.

CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 25,600 217,320 7,077
Additions - 6,433 -
At 31 March 2023 25,600 223,753 7,077
DEPRECIATION
At 1 April 2022 25,600 166,224 6,918
Charge for year - 9,459 104
At 31 March 2023 25,600 175,683 7,022
NET BOOK VALUE
At 31 March 2023 - 48,070 55
At 31 March 2022 - 51,096 159

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 120,158 13,233 383,388
Additions - - 6,433
At 31 March 2023 120,158 13,233 389,821
DEPRECIATION
At 1 April 2022 50,730 11,402 260,874
Charge for year 13,885 938 24,386
At 31 March 2023 64,615 12,340 285,260
NET BOOK VALUE
At 31 March 2023 55,543 893 104,561
At 31 March 2022 69,428 1,831 122,514

CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 88,363
DEPRECIATION
At 1 April 2022 22,637
Charge for year 13,145
At 31 March 2023 35,782
NET BOOK VALUE
At 31 March 2023 52,581
At 31 March 2022 65,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,580 10,040
Other debtors 7,500 10,000
VAT - 999
Prepayments 458 904
20,538 21,943

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 24,503 16,262
Hire purchase contracts 14,961 19,129
Trade creditors - 1,831
Social security and other taxes 17,918 10,253
VAT 537 -
Directors loan account 45 87
Sundry creditors and accruals 3,290 5,443
61,254 53,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,231 26,600
Hire purchase contracts 24,780 35,225
47,011 61,825

CORKETT SCAFFOLDING LIMITED (REGISTERED NUMBER: 05233731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B Non-Voting £1 100 100
200 200