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REGISTERED NUMBER: 02894086 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DAVENTRY SCAFFOLDING SERVICES LIMITED

DAVENTRY SCAFFOLDING SERVICES LIMITED (REGISTERED NUMBER: 02894086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVENTRY SCAFFOLDING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: D Ortone





SECRETARY: D Ortone





REGISTERED OFFICE: 36 Oaklands Drive
Westone
Northampton
Northamptonshire
NN3 3JL





REGISTERED NUMBER: 02894086 (England and Wales)





ACCOUNTANTS: Cooke Watts & Co Ltd
Vectis House
Banbury Street
Kineton
Warwick
Warwickshire
CV35 0JS

DAVENTRY SCAFFOLDING SERVICES LIMITED (REGISTERED NUMBER: 02894086)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,994 45,485

CURRENT ASSETS
Debtors 5 4,797 8,113

CREDITORS
Amounts falling due within one year 6 53,318 32,684
NET CURRENT LIABILITIES (48,521 ) (24,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,473

20,914

CREDITORS
Amounts falling due after more than one
year

7

(9,095

)

(15,312

)

PROVISIONS FOR LIABILITIES (10,449 ) (8,642 )
NET LIABILITIES (13,071 ) (3,040 )

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 8 14,549 14,549
Capital redemption reserve 200 200
Retained earnings (28,120 ) (18,089 )
(13,071 ) (3,040 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

DAVENTRY SCAFFOLDING SERVICES LIMITED (REGISTERED NUMBER: 02894086)

BALANCE SHEET - continued
28 FEBRUARY 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 25 October 2023 and were signed by:





D Ortone - Director


DAVENTRY SCAFFOLDING SERVICES LIMITED (REGISTERED NUMBER: 02894086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Daventry Scaffolding Services Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

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 ) .

DAVENTRY SCAFFOLDING SERVICES LIMITED (REGISTERED NUMBER: 02894086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 March 2022 78,627
Additions 17,500
Disposals (9,500 )
At 28 February 2023 86,627
DEPRECIATION
At 1 March 2022 33,142
Eliminated on disposal (1,509 )
At 28 February 2023 31,633
NET BOOK VALUE
At 28 February 2023 54,994
At 28 February 2022 45,485

No depreciation was provided in the year as the director was of the opinion that it would significantly undervalue the assets of the company.

Cost or valuation at 28 February 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2014 18,120
Cost 68,507
86,627

If plant and machinery had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 30,000 30,000
Aggregate depreciation 20,387 20,387

Plant and machinery was valued on an open market basis on 28 February 2014 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,368 2,142
Other debtors 3,429 5,971
4,797 8,113

DAVENTRY SCAFFOLDING SERVICES LIMITED (REGISTERED NUMBER: 02894086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,547 14,561
Hire purchase contracts 4,904 6,196
Trade creditors - 392
Taxation and social security 17,150 9,685
Other creditors 14,717 1,850
53,318 32,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,500 10,500
Hire purchase contracts 1,595 4,812
9,095 15,312

8. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 14,549