Fawkham Valley Scaffolding Limited


FINANCIAL STATEMENTS


for the year ended 31st March 2024



Fawkham Valley Scaffolding Limited

CONTENTS

for the year ended 31st March 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Fawkham Valley Scaffolding Limited

Company No. 07708387

STATEMENT OF FINANCIAL POSITION

as at 31st March 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4419696373864
419696373864
CURRENT ASSETS
Debtors5547050148813
Cash at bank and in hand679197
547729149010
CURRENT LIABILITIES
Creditors: amounts falling due
within one year6522831131068
NET CURRENT ASSETS2489817942
TOTAL ASSETS LESS CURRENT LIABILITIES444594391806
 
Creditors: amounts falling due
after more than one year7350000320000
 
NET ASSETS9459471806
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings9459271804
SHAREHOLDERS FUNDS9459471806

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 29 October 2024


HARDY, Daniel Frank

Director

Company Number 07708387 (England)

Fawkham Valley Scaffolding Limited

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024


1   Statutory information

Fawkham Valley Scaffolding Limited is a private company limited by shares and registered under company number 07708387 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, England, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles15-25%

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 4 (2023 - 4).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st April 2023 3512213679354000723156
Additions116578113861953129917
At 31st March 20244677993793215953853073
 
Depreciation
At 1st April 2023 2236031216894000349292
Charge for year610492264539184085
At 31st March 20242846521443344391433377
 
Net Book Value
At 31st March 20241831472349871562419696
At 31st March 2023127618246246-373864

5   Debtors20242023
££
 
Trade Debtors27751278701
Other debtors26953870112
547050148813

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts24674268669
Trade Creditors23824419141
Taxes and social security costs26333-
Other creditors1151243258
522831131068

7   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts250000220000
Other creditors100000100000
350000320000

8   Loans20242023
££
Analysis of maturity of debt:
 
Within one year6806660000
Between one and five years250000220000
318066280000

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
HARDY, Daniel Frank5062265638
HAWKES, Michael5062265638
101244131276

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