Registered number
09886898
ACT SCAFFOLDING SERVICES LTD
Report and Accounts
30 November 2023
ACT SCAFFOLDING SERVICES LTD
Registered number: 09886898
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 22,149 12,339
Current assets
Debtors 4 60,045 98,098
Cash at bank and in hand 332,524 142,470
392,569 240,568
Creditors: amounts falling due within one year 5 (228,290) (161,917)
Net current assets 164,279 78,651
Total assets less current liabilities 186,428 90,990
Creditors: amounts falling due after more than one year 6 (24,231) (35,611)
Provisions for liabilities (2,803) (783)
Net assets 159,394 54,596
Capital and reserves
Called up share capital 5 5
Profit and loss account 159,389 54,591
Shareholders' funds 159,394 54,596
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J K Gibbons
Director
Approved by the board on 30 July 2024
ACT SCAFFOLDING SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings 10% straight line
Motor vehicles 25% reducing balance
Equipment 10% reducing balance
Computer equipment straight line over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Buildings Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 10,273 1,490 5,892 17,655
Additions - - 15,426 15,426
At 30 November 2023 10,273 1,490 21,318 33,081
Depreciation
At 1 December 2022 2,054 870 2,392 5,316
Charge for the year 822 62 4,732 5,616
At 30 November 2023 2,876 932 7,124 10,932
Net book value
At 30 November 2023 7,397 558 14,194 22,149
At 30 November 2022 8,219 620 3,500 12,339
4 Debtors 2023 2022
£ £
Trade debtors 60,045 98,098
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,413 5,616
Corporation tax 77,160 25,918
Other taxes and social security costs 125,608 104,851
Other creditors 17,109 25,532
228,290 161,917
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,231 35,611
7 Other information
ACT SCAFFOLDING SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
105 Redbrook Road
Barnsley
South Yorkshire
S75 2RG
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