Company Registration No. 05606309 (England and Wales)
Metro Scaffolding Limited
Unaudited accounts
for the year ended 31 August 2023
Metro Scaffolding Limited
Unaudited accounts
Contents
Metro Scaffolding Limited
Company Information
for the year ended 31 August 2023
Company Number
05606309 (England and Wales)
Registered Office
UNIT 1 POTTER STREET
WILLINGTON QUAY
WALLSEND
NORTH TYNESIDE
NE28 6TZ
Accountants
Harwood Business Services Limited
Woodstock
Felton
Morpeth
Northumberland
NE65 9HP
Metro Scaffolding Limited
Statement of financial position
as at 31 August 2023
Tangible assets
113,044
80,012
Cash at bank and in hand
151,421
91,909
Creditors: amounts falling due within one year
(281,489)
(253,518)
Net current assets
349,249
288,431
Total assets less current liabilities
462,293
368,443
Creditors: amounts falling due after more than one year
(93,231)
(59,070)
Net assets
369,062
309,373
Called up share capital
1
1
Profit and loss account
369,061
309,372
Shareholders' funds
369,062
309,373
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 director acknowledges her 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 9 August 2024 and were signed on its behalf by
Melanie Dugdale
Director
Company Registration No. 05606309
Metro Scaffolding Limited
Notes to the Accounts
for the year ended 31 August 2023
Metro Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 05606309. The registered office is UNIT 1 POTTER STREET, WILLINGTON QUAY, WALLSEND, NORTH TYNESIDE, NE28 6TZ.
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.
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% Straight Line Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
20% Straight Line Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
103,322
105,110
16,258
224,690
Additions
-
61,990
-
61,990
At 31 August 2023
103,322
167,100
16,258
286,680
At 1 September 2022
89,351
44,569
10,758
144,678
Charge for the year
7,044
20,301
1,613
28,958
At 31 August 2023
96,395
64,870
12,371
173,636
At 31 August 2023
6,927
102,230
3,887
113,044
At 31 August 2022
13,971
60,541
5,500
80,012
Metro Scaffolding Limited
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
170,883
174,074
Other debtors
304,934
271,827
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,244
8,581
Obligations under finance leases and hire purchase contracts
18,663
7,045
Trade creditors
39,935
35,999
Taxes and social security
112,097
115,643
Other creditors
79,900
59,900
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
55,988
15,946
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
loan repayable on demand
186,505
21,115
-
207,620
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).