Company Registration No. 09678544 (England and Wales)
Ezact Scaffold Limited
Unaudited accounts
for the year ended 31 July 2023
Ezact Scaffold Limited
Unaudited accounts
Contents
Ezact Scaffold Limited
Company Information
for the year ended 31 July 2023
Director
Mr Timothy Edward Killick
Secretary
Mr Timothy Edward Killick
Company Number
09678544 (England and Wales)
Registered Office
Unit 7b Highams Court
Layhams Road
Keston
Kent
BR2 6AR
United Kingdom
Ezact Scaffold Limited
Statement of financial position
as at 31 July 2023
Tangible assets
38,973
51,964
Cash at bank and in hand
18,641
6,000
Creditors: amounts falling due within one year
(104,127)
(77,596)
Net current assets/(liabilities)
9,754
(15,989)
Total assets less current liabilities
48,727
35,975
Creditors: amounts falling due after more than one year
21,744
(52,648)
Net assets/(liabilities)
70,471
(16,673)
Called up share capital
2
2
Profit and loss account
70,469
(16,675)
Shareholders' funds
70,471
(16,673)
For the year ending 31 July 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 30 April 2024 and were signed on its behalf by
Mr Timothy Edward Killick
Director
Company Registration No. 09678544
Ezact Scaffold Limited
Notes to the Accounts
for the year ended 31 July 2023
Ezact Scaffold Limited is a private company, limited by shares, registered in England and Wales, registration number 09678544. The registered office is Unit 7b Highams Court, Layhams Road, Keston, Kent, BR2 6AR, 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.
The financial statements have been prepared on a going concern basis.The companies on going activities are dependent upon the continued support of the directors who has undertaken to provide such support for the forseeable future.
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
25 % Reducing balance
Motor vehicles
25 % Reducing balance
Fixtures & fittings
25 % Reducing balance
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.
Ezact Scaffold Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
11,082
181,208
2,431
194,721
At 31 July 2023
11,082
181,208
2,431
194,721
At 1 August 2022
4,455
136,267
2,035
142,757
Charge for the year
1,756
11,235
-
12,991
At 31 July 2023
6,211
147,502
2,035
155,748
At 31 July 2023
4,871
33,706
396
38,973
At 31 July 2022
6,627
44,941
396
51,964
Amounts falling due within one year
Trade debtors
26,550
22,080
Other debtors
68,690
33,527
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
47,605
49,907
Trade creditors
33,570
36,868
Taxes and social security
109,082
72,753
Other creditors
35,375
18,544
Loans from directors
(145,984)
(100,476)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
(25,995)
(1,364)
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Ezact Scaffold Limited
Notes to the Accounts
for the year ended 31 July 2023
9
Operating lease commitments
2023
2022
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
5,646
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mr Timothy Edward Killick
Loans and advances
100,476
145,984
100,476
145,984
100,476
145,984
100,476
145,984
The director shall repay this loans and advances within nine months from the balance sheet date.
11
Transactions with related parties
The company were under the control of Mr Timothy Edward Killick through out the current year. Mr Timothy Edward Killick holding 100 % shares in the company.
12
Average number of employees
During the year the average number of employees was 2 (2022: 0).