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No description of principal activity
2021-12-17
Sage Accounts Production Advanced 2023 - FRS102_2023
10,000
10,000
10,000
659
659
14
14
645
xbrli:pure
xbrli:shares
iso4217:GBP
13805905
2021-12-17
2022-12-31
13805905
2022-12-31
13805905
2021-12-16
13805905
core:NetGoodwill
2021-12-17
2022-12-31
13805905
bus:OrdinaryShareClass1
2021-12-17
2022-12-31
13805905
bus:Director1
2021-12-17
2022-12-31
13805905
core:WithinOneYear
2022-12-31
13805905
core:ShareCapital
2022-12-31
13805905
core:RetainedEarningsAccumulatedLosses
2022-12-31
13805905
core:NetGoodwill
2022-12-31
13805905
bus:SmallEntities
2021-12-17
2022-12-31
13805905
bus:AuditExemptWithAccountantsReport
2021-12-17
2022-12-31
13805905
bus:SmallCompaniesRegimeForAccounts
2021-12-17
2022-12-31
13805905
bus:PrivateLimitedCompanyLtd
2021-12-17
2022-12-31
13805905
bus:FullAccounts
2021-12-17
2022-12-31
13805905
bus:OrdinaryShareClass1
2022-12-31
13805905
core:PlantMachinery
2021-12-17
2022-12-31
13805905
core:PlantMachinery
2022-12-31
COMPANY REGISTRATION NUMBER:
13805905
Avon Access Scaffolding Ltd |
|
Filleted Unaudited Financial Statements |
|
Avon Access Scaffolding Ltd |
|
Statement of Financial Position |
|
31 December 2022
Fixed assets
Intangible assets |
3 |
|
10,000 |
Tangible assets |
4 |
|
645 |
|
|
------- |
|
|
10,645 |
|
|
|
|
Current assets
Debtors |
5 |
57,353 |
|
Cash at bank and in hand |
1,807 |
|
|
------- |
|
|
59,160 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
35,787 |
|
|
------- |
|
Net current assets |
|
23,373 |
|
|
------- |
Total assets less current liabilities |
|
34,018 |
|
|
|
|
Provisions
Taxation including deferred tax |
|
123 |
|
|
|
Accruals and deferred income |
|
3,177 |
|
|
------- |
Net assets |
|
30,718 |
|
|
------- |
|
|
|
Capital and reserves
Called up share capital |
7 |
|
1 |
Profit and loss account |
|
30,717 |
|
|
------- |
Shareholders funds |
|
30,718 |
|
|
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Avon Access Scaffolding Ltd |
|
Statement of Financial Position (continued) |
|
31 December 2022
These financial statements were approved by the
board of directors
and authorised for issue on
10 November 2023
, and are signed on behalf of the board by:
Company registration number:
13805905
Avon Access Scaffolding Ltd |
|
Notes to the Financial Statements |
|
Period from 17 December 2021 to 31 December 2022
1.
General information
The company is a private company limited by shares, registered and trading in England and Wales, with the company number
13805905
. The address of the registered office is 60 Wellington Road, Leamington Spa, CV32 7PB, England.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
3.
Intangible assets
|
Goodwill |
|
£ |
Cost |
|
Additions |
10,000 |
|
------- |
At 31 December 2022 |
10,000 |
|
------- |
Amortisation |
|
At 17 December 2021 and 31 December 2022 |
– |
|
------- |
Carrying amount |
|
At 31 December 2022 |
10,000 |
|
------- |
|
|
4.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
Cost |
|
|
At 17 December 2021 |
– |
– |
Additions |
659 |
659 |
|
---- |
---- |
At 31 December 2022 |
659 |
659 |
|
---- |
---- |
Depreciation |
|
|
At 17 December 2021 |
– |
– |
Charge for the period |
14 |
14 |
|
---- |
---- |
At 31 December 2022 |
14 |
14 |
|
---- |
---- |
Carrying amount |
|
|
At 31 December 2022 |
645 |
645 |
|
---- |
---- |
|
|
|
5.
Debtors
|
31 Dec 22 |
|
£ |
Other debtors |
57,353 |
|
------- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Dec 22 |
|
£ |
Social security and other taxes |
25,732 |
Other creditors |
10,055 |
|
------- |
|
35,787 |
|
------- |
|
|
7.
Called up share capital
Issued, called up and fully paid
|
31 Dec 22 |
|
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
|
---- |
---- |
|
|
|
On incorporation, the company issued 1 Ordinary £1 share at par value.
8.
Director's advances, credits and guarantees
At the reporting date the directors loan account was in credit by £55. There is no fixed term for repayment and interest is charged at HMRC's official rate. Transactions during the year can be summarised as follows: Opening Balance Brought Forward £NIL Net Repayments £360 Interest (£305) Closing Balance Carried Forward £55