1 July 2023 false No description of principal activity Taxfiler 2024.6.1 10802841business:PrivateLimitedCompanyLtd2023-07-012024-06-30 108028412023-06-30 108028412023-07-012024-06-30 10802841business:AuditExemptWithAccountantsReport2023-07-012024-06-30 10802841business:FilletedAccounts2023-07-012024-06-30 108028412024-06-30 10802841business:Director12023-07-012024-06-30 10802841business:Director22023-07-012024-06-30 10802841business:RegisteredOffice2023-07-012024-06-30 108028412023-06-30 10802841core:WithinOneYear2024-06-30 10802841core:WithinOneYear2023-06-30 10802841core:AfterOneYear2024-06-30 10802841core:AfterOneYear2023-06-30 10802841core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10802841core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10802841core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10802841core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10802841core:PreviouslyStatedAmount2024-06-30 10802841core:PreviouslyStatedAmount2023-06-30 10802841business:SmallEntities2023-07-012024-06-30 10802841countries:EnglandWales2023-07-012024-06-30 10802841core:PlantMachinery2023-07-012024-06-30 10802841core:MotorVehicles2023-07-012024-06-30 10802841core:ComputerEquipment2023-07-012024-06-30 10802841core:PlantMachinery2023-06-30 10802841core:MotorVehicles2023-06-30 10802841core:ComputerEquipment2023-06-30 10802841core:PlantMachinery2024-06-30 10802841core:MotorVehicles2024-06-30 10802841core:ComputerEquipment2024-06-30 108028412022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10802841 (England and Wales)
Direct Hire and Scaffolding Ltd Unaudited accounts for the year ended 30 June 2024
Direct Hire and Scaffolding Ltd Unaudited accounts Contents
Page
- 2 -
Direct Hire and Scaffolding Ltd Company Information for the year ended 30 June 2024
Directors
I P Agates L Felstead
Company Number
10802841 (England and Wales)
Registered Office
Xeinadin, 8th Floor, Becket House, 36 Old Jewry London EC2R 8DD United Kingdom
Accountants
Xeinadin 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
- 3 -
Direct Hire and Scaffolding Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
100,774 
121,903 
Current assets
Inventories
200,000 
- 
Debtors
227,068 
429,049 
Cash at bank and in hand
107,029 
186,705 
534,097 
615,754 
Creditors: amounts falling due within one year
(543,695)
(576,470)
Net current (liabilities)/assets
(9,598)
39,284 
Total assets less current liabilities
91,176 
161,187 
Creditors: amounts falling due after more than one year
(25,976)
(30,698)
Net assets
65,200 
130,489 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
65,198 
130,487 
Shareholders' funds
65,200 
130,489 
For the year ending 30 June 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 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 11 November 2024 and were signed on its behalf by
L Felstead Director Company Registration No. 10802841
- 4 -
Direct Hire and Scaffolding Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Direct Hire and Scaffolding Ltd is a private company, limited by shares, registered in England and Wales, registration number 10802841. The registered office is Xeinadin, 8th Floor, Becket House,, 36 Old Jewry, London, EC2R 8DD, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
20% Reducing value
Motor vehicles
15% Reducing value
Computer equipment
20% Reducing value
Leased assets
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Direct Hire and Scaffolding Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
154,487 
108,108 
1,639 
264,234 
Additions
245 
- 
- 
245 
At 30 June 2024
154,732 
108,108 
1,639 
264,479 
Depreciation
At 1 July 2023
92,997 
48,366 
968 
142,331 
Charge for the year
12,279 
8,961 
134 
21,374 
At 30 June 2024
105,276 
57,327 
1,102 
163,705 
Net book value
At 30 June 2024
49,456 
50,781 
537 
100,774 
At 30 June 2023
61,490 
59,742 
671 
121,903 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
128,807 
71,215 
Accrued income and prepayments
- 
50,000 
Other debtors
98,261 
307,834 
227,068 
429,049 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,326 
18,057 
Trade creditors
92,302 
91,589 
Taxes and social security
20,072 
52,257 
Other creditors
127,420 
129,738 
Loans from directors
297,575 
254,829 
Accruals
- 
30,000 
543,695 
576,470 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,805 
31,203 
Obligations under finance leases and hire purchase contracts
(11,129)
(505)
Other creditors
15,300 
- 
25,976 
30,698 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -