Company Registration No. 10628651 (England and Wales)
Innovate Scaffolding LTD
Unaudited accounts
for the year ended 28 February 2023
Innovate Scaffolding LTD
Unaudited accounts
Contents
Innovate Scaffolding LTD
Company Information
for the year ended 28 February 2023
Directors
Daniel Joseph
Madeleine Southam
Company Number
10628651 (England and Wales)
Registered Office
Flat 5 Pasture House,
Milk Churn Way
Woolmer Green
Herts
SG3 6FL
Accountants
GEM Accountancy
1 Lemsford Village
Welwyn Garden City
Herts
AL8 7TN
Innovate Scaffolding LTD
Statement of financial position
as at 28 February 2023
Tangible assets
64,702
41,546
Cash at bank and in hand
11,864
8,380
Creditors: amounts falling due within one year
(19,582)
(10,895)
Net current assets
20,108
23,401
Total assets less current liabilities
84,810
64,947
Creditors: amounts falling due after more than one year
(34,758)
(45,000)
Called up share capital
2
2
Profit and loss account
50,050
19,945
Shareholders' funds
50,052
19,947
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by
Madeleine Southam
Director
Company Registration No. 10628651
Innovate Scaffolding LTD
Notes to the Accounts
for the year ended 28 February 2023
Innovate Scaffolding LTD is a private company, limited by shares, registered in England and Wales, registration number 10628651. The registered office is Flat 5 Pasture House,, Milk Churn Way, Woolmer Green, Herts, SG3 6FL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
4
Tangible fixed assets
Plant & machinery
At 28 February 2023
82,095
At 28 February 2023
17,393
At 28 February 2023
64,702
At 28 February 2022
41,546
Amounts falling due within one year
Trade debtors
3,020
22,798
Other debtors
23,102
2,305
Innovate Scaffolding LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
5,034
Taxes and social security
2
3,511
Other creditors
4,230
1,500
Loans from directors
8,500
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).