IRIS Accounts Production v23.3.0.418 11693940 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116939402022-03-31116939402023-03-31116939402022-04-012023-03-31116939402021-03-31116939402021-04-012022-03-31116939402022-03-3111693940ns10:Originalns15:EnglandWales2022-04-012023-03-3111693940ns14:PoundSterlingns10:Original2022-04-012023-03-3111693940ns10:Originalns10:Director12022-04-012023-03-3111693940ns10:Original2022-04-012023-03-3111693940ns10:Original2023-03-3111693940ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111693940ns10:Originalns10:SmallEntities2022-04-012023-03-3111693940ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3111693940ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111693940ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111693940ns10:Originalns10:FullAccounts2022-04-012023-03-3111693940ns10:Original12022-04-012023-03-3111693940ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111693940ns10:Original2022-03-3111693940ns10:Originalns5:CurrentFinancialInstruments2023-03-3111693940ns10:Originalns5:CurrentFinancialInstruments2022-03-3111693940ns10:Originalns5:Non-currentFinancialInstruments2023-03-3111693940ns10:Originalns5:Non-currentFinancialInstruments2022-03-3111693940ns5:ShareCapitalns10:Original2023-03-3111693940ns5:ShareCapitalns10:Original2022-03-3111693940ns10:Originalns5:RevaluationReserve2023-03-3111693940ns10:Originalns5:RevaluationReserve2022-03-3111693940ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111693940ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111693940ns10:Originalns5:NetGoodwill2022-04-012023-03-3111693940ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3111693940ns10:Originalns5:PlantMachinery2022-04-012023-03-3111693940ns10:Originalns5:MotorVehicles2022-04-012023-03-3111693940ns10:Originalns5:ComputerEquipment2022-04-012023-03-3111693940ns10:Original2021-04-012022-03-3111693940ns10:Originalns5:NetGoodwill2022-03-3111693940ns10:Originalns5:NetGoodwill2023-03-3111693940ns10:Originalns5:NetGoodwill2022-03-3111693940ns10:Originalns5:PlantMachinery2022-03-3111693940ns10:Originalns5:MotorVehicles2022-03-3111693940ns10:Originalns5:ComputerEquipment2022-03-3111693940ns10:Original2022-03-3111693940ns10:Originalns5:PlantMachinery2023-03-3111693940ns10:Originalns5:MotorVehicles2023-03-3111693940ns10:Originalns5:ComputerEquipment2023-03-3111693940ns10:Originalns5:PlantMachinery2022-03-3111693940ns10:Originalns5:MotorVehicles2022-03-3111693940ns10:Originalns5:ComputerEquipment2022-03-3111693940ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-3111693940ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3111693940ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3111693940ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-3111693940ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111693940ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111693940ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111693940ns10:Originalns5:RevaluationReserve2022-03-3111693940ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 11693940 (England and Wales)















Wenden Scaffolding Ltd

Unaudited Financial Statements

for the year ended

31 March 2023






Wenden Scaffolding Ltd (Registered number: 11693940)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8

Chartered Accountants' Report 9

Wenden Scaffolding Ltd

Company Information
for the year ended 31 March 2023







DIRECTOR: D Wenden





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 11693940 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Wenden Scaffolding Ltd (Registered number: 11693940)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 8,625 10,125
Tangible assets 6 385,630 119,780
394,255 129,905

CURRENT ASSETS
Stocks 1,500 -
Debtors 7 38,069 22,491
Cash at bank 37,237 63,515
76,806 86,006
CREDITORS
Amounts falling due within one year 8 (155,388 ) (133,735 )
NET CURRENT LIABILITIES (78,582 ) (47,729 )
TOTAL ASSETS LESS CURRENT LIABILITIES 315,673 82,176

CREDITORS
Amounts falling due after more than one
year

9

(17,333

)

(26,042

)

PROVISIONS FOR LIABILITIES (15,888 ) (11,403 )
NET ASSETS 282,452 44,731

Wenden Scaffolding Ltd (Registered number: 11693940)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 10 270,000 -
Retained earnings 10 12,442 44,721
282,452 44,731

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 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.

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 October 2023 and were signed by:





D Wenden - Director


Wenden Scaffolding Ltd (Registered number: 11693940)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Wenden Scaffolding 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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


Wenden Scaffolding Ltd (Registered number: 11693940)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

Wenden Scaffolding Ltd (Registered number: 11693940)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022 4,875
Charge for year 1,500
At 31 March 2023 6,375
NET BOOK VALUE
At 31 March 2023 8,625
At 31 March 2022 10,125

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 87,250 79,598 666 167,514
Additions 35,530 10,150 - 45,680
Disposals - (36,098 ) - (36,098 )
Revaluations 270,000 - - 270,000
At 31 March 2023 392,780 53,650 666 447,096
DEPRECIATION
At 1 April 2022 25,541 21,900 293 47,734
Charge for year 16,880 10,874 220 27,974
Eliminated on disposal - (14,242 ) - (14,242 )
At 31 March 2023 42,421 18,532 513 61,466
NET BOOK VALUE
At 31 March 2023 350,359 35,118 153 385,630
At 31 March 2022 61,709 57,698 373 119,780

Wenden Scaffolding Ltd (Registered number: 11693940)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


6. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Valuation in 2023 270,000 - - 270,000
Cost 122,780 53,650 666 177,096
392,780 53,650 666 447,096

Plant and machinery were valued on an open market basis on 10 October 2023 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 11,250
DEPRECIATION
At 1 April 2022 3,600
Charge for year 1,530
At 31 March 2023 5,130
NET BOOK VALUE
At 31 March 2023 6,120
At 31 March 2022 7,650

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,550 12,788
Other debtors 18,519 9,703
38,069 22,491

Wenden Scaffolding Ltd (Registered number: 11693940)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 709 2,833
Taxation and social security 2,916 15,521
Other creditors 143,763 107,381
155,388 133,735

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,333 25,333
Hire purchase contracts - 709
17,333 26,042

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 44,721 - 44,721
Profit for the year 9,364 - 9,364
Dividends (41,643 ) - (41,643 )
Revaluation of scaffolding sto - 270,000 270,000
At 31 March 2023 12,442 270,000 282,442

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £126,431 (2022 - £88,920) in relation to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Wenden Scaffolding Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wenden Scaffolding Ltd for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Wenden Scaffolding Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wenden Scaffolding Ltd and state those matters that we have agreed to state to the director of Wenden Scaffolding Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wenden Scaffolding Ltd and its director for our work or for this report.

It is your duty to ensure that Wenden Scaffolding Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wenden Scaffolding Ltd. You consider that Wenden Scaffolding Ltd 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 financial statements of Wenden Scaffolding Ltd. 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 financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................