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REGISTERED NUMBER: 08087622 (England and Wales)















Financial Statements for the Year Ended 31st January 2023

for

Danes Scaffolding Ltd

Danes Scaffolding Ltd (Registered number: 08087622)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Danes Scaffolding Ltd

Company Information
for the Year Ended 31st January 2023







DIRECTOR: Mr D W Walsh-Gray





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 08087622 (England and Wales)

Danes Scaffolding Ltd (Registered number: 08087622)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 110,536 125,931
110,536 125,931

CURRENT ASSETS
Stocks and work in progress 110,000 40,000
Debtors 6 216,578 111,293
Cash at bank 152,825 82,189
479,403 233,482
CREDITORS
Amounts falling due within one year 7 154,869 90,998
NET CURRENT ASSETS 324,534 142,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,070

268,415

CREDITORS
Amounts falling due after more than one
year

8

(155,042

)

(185,339

)

PROVISIONS FOR LIABILITIES (19,807 ) (17,486 )
NET ASSETS 260,221 65,590

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 260,220 65,589
SHAREHOLDERS' FUNDS 260,221 65,590

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

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

Danes Scaffolding Ltd (Registered number: 08087622)

Balance Sheet - continued
31st January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th July 2023 and were signed by:





Mr D W Walsh-Gray - Director


Danes Scaffolding Ltd (Registered number: 08087622)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

Danes 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress 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 Statement of Income and Retained Earnings, 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.

Danes Scaffolding Ltd (Registered number: 08087622)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2022
and 31st January 2023 213,000
AMORTISATION
At 1st February 2022
and 31st January 2023 213,000
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2022 209,362 60,105 2,604 272,071
Additions - - 3,871 3,871
At 31st January 2023 209,362 60,105 6,475 275,942
DEPRECIATION
At 1st February 2022 123,655 21,342 1,143 146,140
Charge for year 8,713 9,690 863 19,266
At 31st January 2023 132,368 31,032 2,006 165,406
NET BOOK VALUE
At 31st January 2023 76,994 29,073 4,469 110,536
At 31st January 2022 85,707 38,763 1,461 125,931

Danes Scaffolding Ltd (Registered number: 08087622)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 113,026 33,926
Other debtors 17,126 16,806
Directors' loan accounts 74,744 45,357
VAT - 1,732
Prepayments and accrued income 11,682 13,472
216,578 111,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,799 10,925
Trade creditors 10,713 8,918
Taxation and social security 79,352 8,130
Other creditors 62,005 63,025
154,869 90,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 2,799
Other creditors 155,042 182,540
155,042 185,339

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2023 and 31st January 2022:

2023 2022
£    £   
Mr D W Walsh-Gray
Balance outstanding at start of year 45,357 45,357
Amounts advanced 29,387 18,835
Amounts repaid - (18,835 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,744 45,357

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D W Walsh-Gray.