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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
Page
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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
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M Young Scaffolding Limited Statement of financial position as at 5 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
260,202 
152,280 
Current assets
Debtors
419,915 
470,462 
Cash at bank and in hand
85,721 
47,760 
505,636 
518,222 
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 
Capital and reserves
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
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M Young Scaffolding Limited Notes to the Accounts for the year ended 5 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 5 April 2023
37,796 
222,406 
260,202 
At 5 April 2022
46,103 
106,177 
152,280 
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M Young Scaffolding Limited Notes to the Accounts for the year ended 5 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
399,894 
450,441 
Other debtors
20,021 
20,021 
419,915 
470,462 
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 
Other creditors
252 
1,195 
Loans from directors
(21,906)
4,699 
73,224 
131,681 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
71,784 
30,667 
Obligations under finance leases and hire purchase contracts
17,628 
17,628 
89,412 
48,295 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Mathew A Norman Young
Amount owed to the director
31,361 
- 
- 
31,361 
31,361 
- 
- 
31,361 
9
Average number of employees
During the year the average number of employees was 32 (2022: 32).
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