Fidra Scaffolding Ltd SC737046 false 2022-06-30 2023-06-30 2023-06-30 The principal activity of the company is scaffold erection. Digita Accounts Production Advanced 6.30.9574.0 true true SC737046 2022-06-30 2023-06-30 SC737046 2023-06-30 SC737046 core:CurrentFinancialInstruments 2023-06-30 SC737046 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC737046 core:Non-currentFinancialInstruments 2023-06-30 SC737046 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 SC737046 core:FurnitureFittingsToolsEquipment 2023-06-30 SC737046 core:MotorVehicles 2023-06-30 SC737046 bus:SmallEntities 2022-06-30 2023-06-30 SC737046 bus:AuditExemptWithAccountantsReport 2022-06-30 2023-06-30 SC737046 bus:FullAccounts 2022-06-30 2023-06-30 SC737046 bus:SmallCompaniesRegimeForAccounts 2022-06-30 2023-06-30 SC737046 bus:RegisteredOffice 2022-06-30 2023-06-30 SC737046 bus:Director1 2022-06-30 2023-06-30 SC737046 bus:Director2 2022-06-30 2023-06-30 SC737046 bus:Director3 2022-06-30 2023-06-30 SC737046 bus:OrdinaryShareClass1 2022-06-30 2023-06-30 SC737046 bus:OrdinaryShareClass2 2022-06-30 2023-06-30 SC737046 bus:OrdinaryShareClass3 2022-06-30 2023-06-30 SC737046 bus:PrivateLimitedCompanyLtd 2022-06-30 2023-06-30 SC737046 core:FurnitureFittingsToolsEquipment 2022-06-30 2023-06-30 SC737046 core:MotorVehicles 2022-06-30 2023-06-30 SC737046 countries:Scotland 2022-06-30 2023-06-30 iso4217:GBP xbrli:pure

Registration number: SC737046

Fidra Scaffolding Ltd

Unaudited Financial Statements

for the Period from 30 June 2022 to 30 June 2023

 

Fidra Scaffolding Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Fidra Scaffolding Ltd

(Registration number: SC737046)
Statement of Financial Position as at 30 June 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

29,536

Current assets

 

Debtors

5

168,209

Cash at bank and in hand

 

71,937

 

240,146

Creditors: Amounts falling due within one year

6

(101,625)

Net current assets

 

138,521

Total assets less current liabilities

 

168,057

Creditors: Amounts falling due after more than one year

6

(50,000)

Net assets

 

118,057

Capital and reserves

 

Called up share capital

99

Retained earnings

117,958

Shareholders' funds

 

118,057

For the financial period ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 14 September 2023 and signed on its behalf by:
 

 

Fidra Scaffolding Ltd

(Registration number: SC737046)
Statement of Financial Position as at 30 June 2023

.........................................
Glyn Ford
Director

.........................................
Garry Booth
Director

.........................................
Barry Ford
Director

 

Fidra Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2022 to 30 June 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
27 Lord President Road
North Berwick
EH39 4RW

These financial statements were authorised for issue by the Board on 14 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Fidra Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2022 to 30 June 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Fidra Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2022 to 30 June 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 14.

 

Fidra Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2022 to 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

1,588

34,881

36,469

At 30 June 2023

1,588

34,881

36,469

Depreciation

Charge for the period

309

6,624

6,933

At 30 June 2023

309

6,624

6,933

Carrying amount

At 30 June 2023

1,279

28,257

29,536

5

Debtors

Current

2023
£

Trade debtors

96,556

Prepayments

276

Other debtors

71,377

 

168,209

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

58,913

Accruals and deferred income

2,250

Other creditors

40,462

101,625

Creditors: amounts falling due after more than one year

 

Fidra Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Period from 30 June 2022 to 30 June 2023

Note

2023
£

Due after one year

 

Loans and borrowings

7

50,000

7

Loans and borrowings

2023
£

Non-current loans and borrowings

Bank borrowings

50,000

8

Dividends

Final dividends paid

   

2023
£

 

Final dividend of £799.93 per each Ordinary A

 

26,398

 

Final dividend of £856.74 per each Ordinary B

 

28,273

 

Final dividend of £831.74 per each Ordinary C

 

27,448

 
   

82,118