Company Registration No. 07212269 (England and Wales)
M Young Scaffolding Limited
Unaudited accounts
for the year ended 5 April 2023
M Young Scaffolding Limited
Unaudited accounts
Contents
M Young Scaffolding Limited
Company Information
for the year ended 5 April 2023
Director
Mr Mathew A Norman Young
Company Number
07212269 (England and Wales)
Registered Office
Churchers Yard
Portsmouth Road
Fishers Pond, Eastleigh
United Kingdom
SO507HF
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
M Young Scaffolding Limited
Statement of financial position
as at 5 April 2023
Tangible assets
260,202
152,280
Cash at bank and in hand
85,721
47,760
Creditors: amounts falling due within one year
(73,224)
(131,681)
Net current assets
432,412
386,541
Total assets less current liabilities
692,614
538,821
Creditors: amounts falling due after more than one year
(89,412)
(48,295)
Net assets
603,202
490,526
Called up share capital
1
1
Profit and loss account
603,201
490,525
Shareholders' funds
603,202
490,526
For the year ending 5 April 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 27 November 2023 and were signed on its behalf by
Mr Mathew A Norman Young
Director
Company Registration No. 07212269
M Young Scaffolding Limited
Notes to the Accounts
for the year ended 5 April 2023
M Young Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 07212269. The registered office is Churchers Yard, Portsmouth Road, Fishers Pond, Eastleigh, United Kingdom, SO507HF.
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
20% Reducing balance method
Motor vehicles
20% Reducing balance method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 6 April 2022
232,103
261,757
493,860
Additions
1,142
150,265
151,407
Disposals
-
(86,267)
(86,267)
At 5 April 2023
233,245
325,755
559,000
At 6 April 2022
186,000
155,580
341,580
Charge for the year
9,449
34,036
43,485
On disposals
-
(86,267)
(86,267)
At 5 April 2023
195,449
103,349
298,798
At 5 April 2023
37,796
222,406
260,202
At 5 April 2022
46,103
106,177
152,280
M Young Scaffolding Limited
Notes to the Accounts
for the year ended 5 April 2023
Amounts falling due within one year
Trade debtors
399,894
450,441
Other debtors
20,021
20,021
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
11,000
Obligations under finance leases and hire purchase contracts
-
11,133
Trade creditors
68,944
97,821
Taxes and social security
25,934
5,833
Loans from directors
(21,906)
4,699
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,628
17,628
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amount owed to the director
31,361
-
-
31,361
9
Average number of employees
During the year the average number of employees was 32 (2022: 32).