Registered number
04401552
First Leasing UK Ltd T/A Scaffold Finance
Filleted Accounts
31 December 2023
First Leasing UK Ltd T/A Scaffold Finance
Registered number: 04401552
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 38,498 44,190
Cash at bank and in hand 832 4,566
39,330 48,756
Creditors: amounts falling due within one year 4 (18,458) (8,157)
Net current assets 20,872 40,599
Total assets less current liabilities 20,872 40,599
Creditors: amounts falling due after more than one year 5 (29,324) (35,072)
Net (liabilities)/assets (8,452) 5,527
Capital and reserves
Called up share capital 760 760
Revaluation reserve 6 240 240
Profit and loss account (9,452) 4,527
Shareholders' funds (8,452) 5,527
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.
………………………………………
Mr C J Redding
Director
Approved by the board on 13 August 2024
First Leasing UK Ltd T/A Scaffold Finance
Notes to the Accounts
for the year ended 31 December 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 (as applied to small entities by section 1A of the standard).
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 478 450
Other debtors 38,020 43,740
38,498 44,190
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,791 4,890
Trade creditors - 96
Taxation and social security costs 6,273 792
Other creditors 6,394 2,379
18,458 8,157
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,324 35,072
6 Revaluation reserve 2023 2022
£ £
At 1 January 2023 240 240
At 31 December 2023 240 240
7 Other information
First Leasing UK Ltd T/A Scaffold Finance is a private company limited by shares and incorporated in England. Its registered office is:
18 Manor Courtyard
Hughenden Avenue
High Wycombe
HP13 5RE
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