Company Registration No. 07709498 (England and Wales)
D A Collins Scaffolding Limited
Unaudited accounts
for the year ended 31 July 2023
D A Collins Scaffolding Limited
Unaudited accounts
Contents
D A Collins Scaffolding Limited
Company Information
for the year ended 31 July 2023
Company Number
07709498 (England and Wales)
Registered Office
20 Shepherds Mount
Compton
Newbury
Berkshire
RG20 6QZ
Accountants
MHaccounting Practice Limited
1 Barton Copse
Chieveley
Berkshire
RG20 8RN
D A Collins Scaffolding Limited
Statement of financial position
as at 31 July 2023
Tangible assets
5,187
6,205
Cash at bank and in hand
177,111
143,058
Creditors: amounts falling due within one year
(36,427)
(47,336)
Net current assets
149,009
109,062
Total assets less current liabilities
154,196
115,267
Provisions for liabilities
Net assets
153,211
114,088
Called up share capital
100
100
Profit and loss account
153,111
113,988
Shareholders' funds
153,211
114,088
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 21 November 2023 and were signed on its behalf by
David Collins
Director
Company Registration No. 07709498
D A Collins Scaffolding Limited
Notes to the Accounts
for the year ended 31 July 2023
D A Collins Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 07709498. The registered office is 20 Shepherds Mount, Compton, Newbury, Berkshire, RG20 6QZ.
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
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
3 years straight line
Turnover represents amounts receivable for scaffolding services net of VAT.
Revenue from scaffolding services are recognised on the complete erection of scaffolding, when the related costs incurred and costs to complete the service can be reliably measured.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
D A Collins Scaffolding Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
11,940
55,155
-
67,095
At 31 July 2023
11,940
55,155
799
67,894
At 1 August 2022
10,669
50,221
-
60,890
Charge for the year
318
1,233
266
1,817
At 31 July 2023
10,987
51,454
266
62,707
At 31 July 2023
953
3,701
533
5,187
At 31 July 2022
1,271
4,934
-
6,205
Amounts falling due within one year
Trade debtors
8,320
13,340
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,322
10,221
Loans from directors
23,206
32,901
The director has leant funds to the company.
As at the year end 31st July 2023, the company owed £23,206.19 to the director (2022: £32,900.80)
The loans were interest free with repayment date unspecified.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).