Company Registration No. 10802841 (England and Wales)
Direct Hire and Scaffolding Ltd
Unaudited accounts
for the year ended 30 June 2023
Direct Hire and Scaffolding Ltd
Unaudited accounts
Contents
Direct Hire and Scaffolding Ltd
Company Information
for the year ended 30 June 2023
Directors
I P Agates
L Felstead
Company Number
10802841 (England and Wales)
Registered Office
72 Great Suffolk Street
London
SE1 0BL
United Kingdom
Accountants
Helrik and Louw
72 Great Suffolk Street
London
SE1 0BL
Direct Hire and Scaffolding Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
121,903
150,207
Cash at bank and in hand
186,705
216,289
Creditors: amounts falling due within one year
(576,470)
(459,864)
Net current assets
39,284
131,126
Total assets less current liabilities
161,187
281,333
Creditors: amounts falling due after more than one year
(30,698)
(156,752)
Net assets
130,489
124,581
Called up share capital
2
2
Profit and loss account
130,487
124,579
Shareholders' funds
130,489
124,581
For the year ending 30 June 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.
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 27 March 2024 and were signed on its behalf by
L Felstead
Director
Company Registration No. 10802841
Direct Hire and Scaffolding Ltd
Notes to the Accounts
for the year ended 30 June 2023
Direct Hire and Scaffolding Ltd is a private company, limited by shares, registered in England and Wales, registration number 10802841. The registered office is 72 Great Suffolk Street, London, SE1 0BL, United Kingdom.
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.
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.
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 value
Motor vehicles
15% Reducing value
Computer equipment
20% Reducing value
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Direct Hire and Scaffolding Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
153,432
111,321
1,639
266,392
Disposals
-
(3,213)
-
(3,213)
At 30 June 2023
154,487
108,108
1,639
264,234
At 1 July 2022
77,647
37,738
800
116,185
Charge for the year
15,350
10,628
168
26,146
At 30 June 2023
92,997
48,366
968
142,331
At 30 June 2023
61,490
59,742
671
121,903
At 30 June 2022
75,785
73,583
839
150,207
Amounts falling due within one year
Trade debtors
71,215
124,411
Accrued income and prepayments
50,000
64,615
Other debtors
307,834
185,675
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
13,473
Trade creditors
91,589
82,832
Taxes and social security
52,257
105,948
Other creditors
129,738
49,698
Loans from directors
254,829
153,388
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
(505)
-
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).