Company Registration No. 4905055 (England and Wales)
PLATINUM SCAFFOLDING LIMITED
Unaudited accounts
for the year ended 28 February 2023
PLATINUM SCAFFOLDING LIMITED
Unaudited accounts
Contents
PLATINUM SCAFFOLDING LIMITED
Company Information
for the year ended 28 February 2023
Company Number
4905055 (England and Wales)
Registered Office
23 BURROWFIELD
WELWYN GARDEN CITY
HERTFORDSHIRE
AL7 4SS
Accountants
GIA Foley & Co Ltd
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
PLATINUM SCAFFOLDING LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
474,381
493,636
Cash at bank and in hand
116,232
153,187
Creditors: amounts falling due within one year
(33,399)
(59,506)
Net current assets
186,997
200,525
Total assets less current liabilities
661,378
694,161
Creditors: amounts falling due after more than one year
(14,753)
(28,605)
Provisions for liabilities
Deferred tax
(16,831)
(19,997)
Net assets
629,794
645,559
Called up share capital
2
2
Profit and loss account
629,792
645,557
Shareholders' funds
629,794
645,559
For the year ending 28 February 2023 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 director acknowledges his 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 and authorised for issue on 17 October 2023 and were signed on its behalf by
Mr A P Larkin
Director
Company Registration No. 4905055
PLATINUM SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 28 February 2023
PLATINUM SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4905055. The registered office is 23 BURROWFIELD, WELWYN GARDEN CITY, HERTFORDSHIRE, AL7 4SS.
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% Straight line method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
PLATINUM SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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 March 2022
372,671
436,578
263,631
-
1,072,880
Additions
-
13,734
-
950
14,684
At 28 February 2023
372,671
450,312
263,631
950
1,087,564
At 1 March 2022
-
396,542
182,702
-
579,244
Charge for the year
-
13,442
20,233
264
33,939
At 28 February 2023
-
409,984
202,935
264
613,183
At 28 February 2023
372,671
40,328
60,696
686
474,381
At 28 February 2022
372,671
40,036
80,929
-
493,636
Amounts falling due within one year
Trade debtors
93,385
98,164
Accrued income and prepayments
8,697
8,680
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
13,853
25,593
Trade creditors
1,356
11,262
Taxes and social security
15,642
18,013
Loans from directors
448
169
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
14,753
28,605
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).