J & K SCAFFOLDING (MIDLANDS) LIMITED

Company Registration Number:
08734366 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

J & K SCAFFOLDING (MIDLANDS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

J & K SCAFFOLDING (MIDLANDS) LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 532,246 585,746
Total fixed assets: 532,246 585,746
Current assets
Stocks: 6,360 0
Debtors:   215,949 179,466
Cash at bank and in hand: 149,165 55,172
Total current assets: 371,474 234,638
Creditors: amounts falling due within one year: 4 (130,662) (204,951)
Net current assets (liabilities): 240,812 29,687
Total assets less current liabilities: 773,058 615,433
Creditors: amounts falling due after more than one year: 5 (56,662) (75,311)
Provision for liabilities: (133,061) (111,292)
Total net assets (liabilities): 583,335 428,830
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 583,333 428,828
Shareholders funds: 583,335 428,830

The notes form part of these financial statements

J & K SCAFFOLDING (MIDLANDS) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: J K Kelly
Status: Director

The notes form part of these financial statements

J & K SCAFFOLDING (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis. Plant and equipment - 20% Straight Line. Office equipment - 20% Straight Line. Motor vehicles - 25% straight Line

Other accounting policies

Deferred tax Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the statement financial date. Hire purchase and leasing commitments. Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. Government Grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

J & K SCAFFOLDING (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 14 11

J & K SCAFFOLDING (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,402,862
Additions 199,555
Disposals (57,466)
At 31 December 2023 1,544,951
Depreciation
At 01 January 2023 817,116
Charge for year 218,785
On disposals (23,196)
At 31 December 2023 1,012,705
Net book value
At 31 December 2023 532,246
At 31 December 2022 585,746

J & K SCAFFOLDING (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdraft £40,178 £69,240 Trade creditors £23,321 £76,922 Taxation and social security £48,826 £20,160 Other creditors £18,337 £38,629 Totals £130,662 £204,951

J & K SCAFFOLDING (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Banl loans and overdraft £56,662 £75,311