1 September 2022 false No description of principal activity Taxfiler 2023.14 05184209business:PrivateLimitedCompanyLtd2022-09-012023-08-31 051842092022-08-31 051842092022-09-012023-08-31 05184209business:AuditExemptWithAccountantsReport2022-09-012023-08-31 05184209business:AbridgedAccounts2022-09-012023-08-31 051842092023-08-31 051842092022-08-31 05184209core:WithinOneYear2023-08-31 05184209core:WithinOneYear2022-08-31 05184209core:AfterOneYear2023-08-31 05184209core:AfterOneYear2022-08-31 05184209core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 05184209core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 05184209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 05184209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 05184209core:PreviouslyStatedAmount2023-08-31 05184209core:PreviouslyStatedAmount2022-08-31 05184209business:SmallEntities2022-09-012023-08-31 05184209business:Director12022-09-012023-08-31 05184209countries:EnglandWales2022-09-012023-08-31 05184209business:RegisteredOffice2022-09-012023-08-31 05184209core:MotorVehicles2022-09-012023-08-31 05184209core:ComputerEquipment2022-09-012023-08-31 051842092021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 05184209 (England and Wales)
M V Scotter Building Services Ltd. UNAUDITED ACCOUNTS FOR FILING WITH THE REGISTRAR for the year ended 31 August 2023
M V Scotter Building Services Ltd. UNAUDITED ACCOUNTS FOR FILING WITH THE REGISTRAR Contents
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M V Scotter Building Services Ltd. Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,495 
9,993 
Current assets
Debtors
4,708 
11,669 
Cash at bank and in hand
43,912 
68,129 
48,620 
79,798 
Creditors: amounts falling due within one year
(32,761)
(76,952)
Net current assets
15,859 
2,846 
Total assets less current liabilities
23,354 
12,839 
Creditors: amounts falling due after more than one year
- 
(2,060)
Provisions for liabilities
Deferred tax
(1,424)
(1,899)
Net assets
21,930 
8,880 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,830 
8,780 
Shareholders' funds
21,930 
8,880 
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
Joanne Scotter Director Company Registration No. 05184209
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M V Scotter Building Services Ltd. Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
M V Scotter Building Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 05184209. The registered office is 32 DRIFTWOOD AVENUE DRIFTWOOD AVENUE, ST. ALBANS, AL2 3DE, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Leasing and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
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.
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M V Scotter Building Services Ltd. Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2022
24,305 
At 31 August 2023
24,305 
Depreciation
At 1 September 2022
14,312 
Charge for the year
2,498 
At 31 August 2023
16,810 
Net book value
At 31 August 2023
7,495 
At 31 August 2022
9,993 
5
Transactions with related parties
At 31 August 2023 there were loans owing to directors of £6,222 (2022: £42,653). The loans are interest free and repayable on demand.
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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