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Registration number: 09399987

Uttoxeter Scaffolding Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

Uttoxeter Scaffolding Services Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Uttoxeter Scaffolding Services Limited

Company Information

Directors

Mr R E Pollard

Mrs L E Pollard

Company secretary

Mrs L E Pollard

Registered office

5 Bamford Grove
Uttoxeter
Staffordshire
ST14 5NS

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Uttoxeter Scaffolding Services Limited

Directors' Report for the Year Ended 31 January 2023

The directors present their report and the financial statements for the year ended 31 January 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr R E Pollard

Mrs L E Pollard - Company secretary and director

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 23 October 2023 and signed on its behalf by:
 

.........................................
Mr R E Pollard
Director

.........................................
Mrs L E Pollard
Company secretary and director

 

Uttoxeter Scaffolding Services Limited

(Registration number: 09399987)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

16,126

17,836

Current assets

 

Debtors

5

53,310

62,523

Cash at bank and in hand

 

-

2,544

 

53,310

65,067

Creditors: Amounts falling due within one year

6

(49,448)

(67,980)

Net current assets/(liabilities)

 

3,862

(2,913)

Total assets less current liabilities

 

19,988

14,923

Creditors: Amounts falling due after more than one year

6

(20,000)

(20,000)

Provisions for liabilities

(2,000)

(2,000)

Net liabilities

 

(2,012)

(7,077)

Capital and reserves

 

Allotted, called up and fully paid share capital

100

100

Profit and loss account

(2,112)

(7,177)

 

(2,012)

(7,077)

Total equity

 

(2,012)

(7,077)

For the financial year ending 31 January 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 year 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 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 23 October 2023 and signed on its behalf by:
 

 

Uttoxeter Scaffolding Services Limited

(Registration number: 09399987)
Balance Sheet as at 31 January 2023 (continued)

.........................................
Mr R E Pollard
Director

.........................................
Mrs L E Pollard
Company secretary and director

 
     
 

Uttoxeter Scaffolding Services Limited

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

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 09399987.

The address of its registered office is:
5 Bamford Grove
Uttoxeter
Staffordshire
ST14 5NS

These financial statements were authorised for issue by the Board on 23 October 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 presentation currency is £ sterling.

Going concern

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

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.

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

2

Accounting policies (continued)

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class

Depreciation method and rate

Scaffolding poles, boards etc

20% straight line basis

Tools and equipment

15% reducing balance basis

Commercial motor vehicles

15% reducing balance basis

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 profit and loss account 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.

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2022

53,643

53,643

At 31 January 2023

53,643

53,643

Depreciation

At 1 February 2022

35,807

35,807

Charge for the year

1,710

1,710

At 31 January 2023

37,517

37,517

Carrying amount

At 31 January 2023

16,126

16,126

At 31 January 2022

17,836

17,836

5

Debtors

Current

2023
£

2022
£

Other debtors

53,310

62,523

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

5,000

15,671

Taxation and social security

 

40,998

46,811

Accruals and deferred income

 

3,449

5,498

Other creditors

 

1

-

 

49,448

67,980

The Bounce back loan is 100% Government guaranteed.

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

20,000

20,000

 

20,000

20,000

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,000

5,000

Bank overdrafts

-

10,671

5,000

15,671

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,000

20,000

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

8

Related party transactions

Transactions with directors

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr R E Pollard

(47,189)

(9,610)

16,564

(40,235)

         
       

 

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

Mr R E Pollard

(32,863)

(26,299)

11,973

(47,189)

         
       

 

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

(32,863)

(26,299)

11,973

(47,189)

         
       

 

Other transactions with directors

During the period there were loans between the company and the Director. There are no formal terms of repayment, interest has been charged at the official rate of interet.