Registered number
07296788
EPPING SCAFFOLDING SERVICES LTD
Filleted Accounts
For the year ended
30 June 2024
EPPING SCAFFOLDING SERVICES LTD
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5
EPPING SCAFFOLDING SERVICES LTD
Company Information
Director
Mr F W Soper
Registered office
6 Brook Road
Epping
Essex
CM16 7BS
Registered number
07296788
EPPING SCAFFOLDING SERVICES LTD
Registered number: 07296788
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 127,613 81,796
Current assets
Debtors 4 150,583 209,166
Cash at bank and in hand 30,413 6,553
180,996 215,719
Creditors: amounts falling due within one year 5 (185,548) (180,813)
Net current (liabilities)/assets (4,552) 34,906
Total assets less current liabilities 123,061 116,702
Creditors: amounts falling due after more than one year 6 (101,817) (37,734)
Provisions for liabilities (20,449) (20,449)
Net assets 795 58,519
Capital and reserves
Called up share capital 100 100
Profit and loss account 695 58,419
Shareholders' funds 795 58,519
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr F W Soper
Director
Approved by the board on 27 January 2025
EPPING SCAFFOLDING SERVICES LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements are presented in sterling(£) which is also the functional currency for the company and rounded £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years reducing balance
Fixtures, fittings, tools and equipment over 5 years reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 3
3 Tangible fixed assets
Fixtures & Fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 8,862 119,074 237,288 365,224
Additions - - 90,902 90,902
Disposals - - (93,432) (93,432)
At 30 June 2024 8,862 119,074 234,758 362,694
Depreciation
At 1 July 2023 8,774 118,198 156,456 283,428
Charge for the year 87 875 37,584 38,546
On disposals - - (86,893) (86,893)
At 30 June 2024 8,861 119,073 107,147 235,081
Net book value
At 30 June 2024 1 1 127,611 127,613
At 30 June 2023 88 876 80,832 81,796
4 Debtors 2024 2023
£ £
Trade debtors 43,853 79,059
Other debtors 106,730 130,107
150,583 209,166
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,400 10,000
Obligations under finance lease and hire purchase contracts 2,011 34,023
Trade creditors 14,998 19,378
Taxation and social security costs 158,654 115,954
Other creditors 1,485 1,458
185,548 180,813
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 40,754 19,167
Obligations under finance lease and hire purchase contracts 61,063 18,567
101,817 37,734
7 Loans 2024 2023
£ £
Creditors include:
Secured debts
Bank loans 49,154 29,167
Hire Purchase 63,304 52,590
112,458 81,757
8 Related party transactions
During the year, total dividends of £182,000 (2023-£181,000) were paid to the directors.
9 Ultimate Controlling party
The controlling party is Mr T Soper.
10 Other information
EPPING SCAFFOLDING SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Brook Road
Epping
Essex
CM16 7BS
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