Registered number
08904435
Chapple Scaffolding (Wilts) Ltd
Filleted Accounts
30 April 2023
Chapple Scaffolding (Wilts) Ltd
Registered number: 08904435
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 296,593 269,602
Current assets
Debtors 4 181,317 128,637
Cash at bank and in hand 566,874 587,902
748,191 716,539
Creditors: amounts falling due within one year 5 (236,911) (202,032)
Net current assets 511,280 514,507
Total assets less current liabilities 807,873 784,109
Creditors: amounts falling due after more than one year 6 (24,807) (32,546)
Provisions for liabilities (74,149) -
Net assets 708,917 751,563
Capital and reserves
Called up share capital 2 2
Share premium 500,668 500,668
Profit and loss account 208,247 250,893
Shareholders' funds 708,917 751,563
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Chapple
Director
Approved by the board on 28 November 2023
Chapple Scaffolding (Wilts) Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment Over 3 years
Plant and machinery over 10 years
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 1,471 582,451 283,296 867,218
Additions - 75,680 51,089 126,769
At 30 April 2023 1,471 658,131 334,385 993,987
Depreciation
At 1 May 2022 1,354 431,121 165,140 597,615
Charge for the year 117 65,813 33,849 99,779
At 30 April 2023 1,471 496,934 198,989 697,394
Net book value
At 30 April 2023 - 161,197 135,396 296,593
At 30 April 2022 117 151,330 118,156 269,603
4 Debtors 2023 2022
£ £
Trade debtors 157,203 107,945
Other taxes repayable 24,114 20,692
181,317 128,637
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 4,000 -
Trade creditors 56,677 56,492
Taxation and social security costs 44,678 48,202
Other creditors 131,556 97,338
236,911 202,032
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 24,807 32,546
7 Other information
Chapple Scaffolding (Wilts) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
19 London Road
Amesbury
SP4 7DX
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