Company Registration No. 11309204 (England and Wales)
NK Scaffolding Limited
Unaudited accounts
for the year ended 30 April 2024
NK Scaffolding Limited
Unaudited accounts
Contents
NK Scaffolding Limited
Company Information
for the year ended 30 April 2024
Company Number
11309204 (England and Wales)
Registered Office
16 Wood View
Brampton
Huntingdon
PE28 4FB
NK Scaffolding Limited
Statement of financial position
as at 30 April 2024
Tangible assets
56,199
74,210
Cash at bank and in hand
4,051
8,959
Creditors: amounts falling due within one year
(55,428)
(55,494)
Net current liabilities
(42,017)
(21,754)
Total assets less current liabilities
14,182
52,456
Creditors: amounts falling due after more than one year
(28,387)
(35,295)
Net (liabilities)/assets
(14,205)
17,161
Called up share capital
1
1
Profit and loss account
(14,206)
17,160
Shareholders' funds
(14,205)
17,161
For the year ending 30 April 2024 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
Nicholas Kent
Director
Company Registration No. 11309204
NK Scaffolding Limited
Notes to the Accounts
for the year ended 30 April 2024
NK Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 11309204. The registered office is 16 Wood View, Brampton, Huntingdon, PE28 4FB.
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.
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% reducing balance
Motor vehicles
25% reducing balance
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.
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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
NK Scaffolding Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
179,699
30,950
210,649
At 30 April 2024
180,743
30,950
211,693
At 1 May 2023
126,326
10,113
136,439
Charge for the year
13,596
5,459
19,055
At 30 April 2024
139,922
15,572
155,494
At 30 April 2024
40,821
15,378
56,199
At 30 April 2023
53,373
20,837
74,210
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
463
617
- Motor vehicles
10,659
14,212
Amounts falling due within one year
Trade debtors
5,730
18,765
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
13,714
4,147
Obligations under finance leases and hire purchase contracts
12,126
12,407
Taxes and social security
-
7,812
Loans from directors
28,415
13,192
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
10,266
NK Scaffolding Limited
Notes to the Accounts
for the year ended 30 April 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
As at the 30 April 2024 the company owed the director £28,415 (2023: the company owed the director £13,192).
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).