1 October 2022 false No description of principal activity Taxfiler 2024.5 09762821business:PrivateLimitedCompanyLtd2022-10-012023-09-30 097628212022-09-30 097628212022-10-012023-09-30 09762821business:AuditExemptWithAccountantsReport2022-10-012023-09-30 09762821business:FilletedAccounts2022-10-012023-09-30 097628212023-09-30 09762821business:Director12022-10-012023-09-30 09762821business:Director22022-10-012023-09-30 09762821business:RegisteredOffice2022-10-012023-09-30 097628212022-09-30 09762821core:WithinOneYear2023-09-30 09762821core:WithinOneYear2022-09-30 09762821core:AfterOneYear2023-09-30 09762821core:AfterOneYear2022-09-30 09762821core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09762821core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 09762821core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09762821core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 09762821core:PreviouslyStatedAmount2023-09-30 09762821core:PreviouslyStatedAmount2022-09-30 09762821business:SmallEntities2022-10-012023-09-30 09762821countries:EnglandWales2022-10-012023-09-30 09762821core:PlantMachinery2022-10-012023-09-30 09762821core:MotorVehicles2022-10-012023-09-30 09762821core:FurnitureFittings2022-10-012023-09-30 09762821core:PlantMachinery2022-09-30 09762821core:MotorVehicles2022-09-30 09762821core:FurnitureFittings2022-09-30 09762821core:PlantMachinery2023-09-30 09762821core:MotorVehicles2023-09-30 09762821core:FurnitureFittings2023-09-30 09762821business:Director112022-10-012023-09-30 09762821business:Director112022-09-30 09762821business:Director112023-09-30 097628212021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 09762821 (England and Wales)
Valco Scaffolding Ltd Unaudited accounts for the year ended 30 September 2023
Valco Scaffolding Ltd Unaudited accounts Contents
Page
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Valco Scaffolding Ltd Company Information for the year ended 30 September 2023
Directors
Mr Daniel Munn Mr Peter Walker
Company Number
09762821 (England and Wales)
Registered Office
T4 Logistics Yard Ground Floor Office Nettlefold Road Cardiff CF24 5HQ
Accountants
Nathan Evans Limited 16 Cambrian Way Marshfield Cardiff CF3 2WB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Valco Scaffolding Ltd for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Valco Scaffolding Ltd for the year ended 30 September 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited Chartered Accountants 16 Cambrian Way Marshfield Cardiff CF3 2WB 21 June 2024
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Valco Scaffolding Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,371 
76,282 
Current assets
Debtors
262,415 
430,220 
Creditors: amounts falling due within one year
(83,504)
(242,051)
Net current assets
178,911 
188,169 
Total assets less current liabilities
213,282 
264,451 
Creditors: amounts falling due after more than one year
(94,706)
(107,327)
Net assets
118,576 
157,124 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
118,476 
157,024 
Shareholders' funds
118,576 
157,124 
For the year ending 30 September 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 June 2024 and were signed on its behalf by
Mr Daniel Munn Director Company Registration No. 09762821
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Valco Scaffolding Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Valco Scaffolding Ltd is a private company, limited by shares, registered in England and Wales, registration number 09762821. The registered office is T4 Logistics Yard Ground Floor Office, Nettlefold Road, Cardiff, CF24 5HQ.
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
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
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.
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Valco Scaffolding Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
283,663 
112,740 
9,434 
405,837 
Additions
- 
5,200 
- 
5,200 
Disposals
- 
(45,000)
- 
(45,000)
At 30 September 2023
283,663 
72,940 
9,434 
366,037 
Depreciation
At 1 October 2022
269,488 
51,662 
8,405 
329,555 
Charge for the year
9,808 
14,137 
666 
24,611 
On disposals
- 
(22,500)
- 
(22,500)
At 30 September 2023
279,296 
43,299 
9,071 
331,666 
Net book value
At 30 September 2023
4,367 
29,641 
363 
34,371 
At 30 September 2022
14,175 
61,078 
1,029 
76,282 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
141,259 
273,206 
Other debtors
121,156 
157,014 
262,415 
430,220 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,607 
2,912 
VAT
97,561 
112,953 
Trade creditors
34,710 
82,673 
Taxes and social security
94,065 
39,279 
Other creditors
11,123 
4,234 
Loans from directors
(159,562)
- 
83,504 
242,051 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
20,580 
31,756 
Other creditors
74,126 
75,571 
94,706 
107,327 
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Valco Scaffolding Ltd Notes to the Accounts for the year ended 30 September 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
- 
159,562 
- 
159,562 
- 
159,562 
- 
159,562 
During the year, the company provided directors with interest-free loans.
9
Controlling party
The company was under the control of Mr D Munn during the year. Mr Munn owns 49% of the share capital.
10
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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