Company Registration No. 13691902 (England and Wales)
New Scaffolding Ltd
Unaudited accounts
for the year ended 31 March 2024
New Scaffolding Ltd
Unaudited accounts
Contents
New Scaffolding Ltd
Company Information
for the year ended 31 March 2024
Director
Malgorzata Faryniarz
Company Number
13691902 (England and Wales)
Registered Office
Flat 3
Hannah Court
49 Grove Road
Sutton
Surrey
SM1 2AW
England
New Scaffolding Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
20,620
8,765
Cash at bank and in hand
3,680
998
Creditors: amounts falling due within one year
(24,156)
(2,817)
Net current liabilities
(19,626)
(969)
Called up share capital
100
100
Profit and loss account
894
7,696
Shareholders' funds
994
7,796
For the year ending 31 March 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 her 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 3 July 2024 and were signed on its behalf by
Malgorzata Faryniarz
Director
Company Registration No. 13691902
New Scaffolding Ltd
Notes to the Accounts
for the year ended 31 March 2024
New Scaffolding Ltd is a private company, limited by shares, registered in England and Wales, registration number 13691902. The registered office is Flat 3, Hannah Court, 49 Grove Road, Sutton, Surrey, SM1 2AW, England.
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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% on a straight Line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
New Scaffolding Ltd
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,790
-
Taxes and social security
577
2,017
Loans from directors
1,511
-
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Transactions with related parties
Ms. M Faryniarz is the directors of the company and owns 100% of the issued share capital.
At the balance sheet date, Ms.M Faryniarz was owed £1511 by the company (2023 - £nil)
Dividends paid during the during were £13,000 (2023-£8,833)
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Average number of employees
During the year the average number of employees was 2 (2023: 2).