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
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
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
Valco Scaffolding Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
34,371
76,282
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
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
Valco Scaffolding Ltd
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
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
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.
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
Disposals
-
(45,000)
-
(45,000)
At 30 September 2023
283,663
72,940
9,434
366,037
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
At 30 September 2023
4,367
29,641
363
34,371
At 30 September 2022
14,175
61,078
1,029
76,282
Amounts falling due within one year
Trade debtors
141,259
273,206
Other debtors
121,156
157,014
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,607
2,912
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)
-
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
Valco Scaffolding Ltd
Notes to the Accounts
for the year ended 30 September 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year, the company provided directors with interest-free loans.
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).