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Company Registration No. 09632782 (England and Wales)
UNIVERSAL SCAFFOLDING LIMITED
Financial Statements
for the Period from 01 July 2022 to 30 June 2023

UNIVERSAL SCAFFOLDING LIMITED

Financial Statements for the period ending 30 June 2023

UNIVERSAL SCAFFOLDING LIMITED

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

1. Statutory Information
UNIVERSAL SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09632782.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention.Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to the events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.Turnover from services is recognised on completion of the service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

UNIVERSAL SCAFFOLDING LIMITED

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

Current Tax
Taxation for the year comprised current and deferred tax. Tax is recognised in the income statement, 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.
Tangible Fixed Asset Policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.Plant and Machinary 5% Straight LineMotor Vehicles 10% Straight LineOffice Equipment 20% Straight LineTangible fixed assets are measured at cost less accumalated depreciation and any accumalated impairment losses.Tangible fixed assets are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

UNIVERSAL SCAFFOLDING LIMITED

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

Deferred Tax
Deferred Tax is recognised in respect of all timing differences that have originated by 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 the 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 .

UNIVERSAL SCAFFOLDING LIMITED

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 2
2022 2
4. Principal Activity
Scaffolding Erection

UNIVERSAL SCAFFOLDING LIMITED

Financial Statements for the period ending 30 June 2023

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Motor Vehicles Fixtures and Fittings Total
Cost or valuation £ £ £ £
At 01/07/2022 78,173 45,389 1,829 125,391
Additions 76,570 113,712 2,053 192,335
At 30/06/2023 154,743 159,101 3,882 317,726
Depreciation
At 01/07/2022 5,323 8,734 419 14,476
Charge for the year 7,719 15,910 777 24,406
At 30/06/2023 13,042 24,644 1,196 38,882
Net Book Value
At 30/06/2023 141,701 134,457 2,686 278,844
At 30/06/2022 72,850 36,655 1,410 110,915