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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
Page
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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
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Direct Hire and Scaffolding Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
121,903 
150,207 
Current assets
Debtors
429,049 
374,701 
Cash at bank and in hand
186,705 
216,289 
615,754 
590,990 
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 
Capital and reserves
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
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Direct Hire and Scaffolding Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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.
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.
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
Leased assets
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.
Financial instruments
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.
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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 
Additions
1,055 
- 
- 
1,055 
Disposals
- 
(3,213)
- 
(3,213)
At 30 June 2023
154,487 
108,108 
1,639 
264,234 
Depreciation
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 
Net book value
At 30 June 2023
61,490 
59,742 
671 
121,903 
At 30 June 2022
75,785 
73,583 
839 
150,207 
5
Debtors
2023 
2022 
£ 
£ 
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 
429,049 
374,701 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
18,057 
40,272 
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 
Accruals
30,000 
14,253 
576,470 
459,864 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,203 
40,602 
Obligations under finance leases and hire purchase contracts
(505)
- 
Other creditors
- 
116,150 
30,698 
156,752 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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