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
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
Direct Hire and Scaffolding Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
100,774
121,903
Cash at bank and in hand
107,029
186,705
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)
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
Direct Hire and Scaffolding Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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
20% Reducing value
Motor vehicles
15% Reducing value
Computer equipment
20% Reducing value
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.
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.
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
At 30 June 2024
154,732
108,108
1,639
264,479
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
At 30 June 2024
49,456
50,781
537
100,774
At 30 June 2023
61,490
59,742
671
121,903
Amounts falling due within one year
Trade debtors
128,807
71,215
Accrued income and prepayments
-
50,000
Other debtors
98,261
307,834
6
Creditors: amounts falling due within one year
2024
2023
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
(11,129)
(505)
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).