Company Registration No. 10222826 (England and Wales)
NORTH LONDON SCAFFOLD LTD
Unaudited accounts
for the year ended 30 June 2024
NORTH LONDON SCAFFOLD LTD
Unaudited accounts
Contents
NORTH LONDON SCAFFOLD LTD
Company Information
for the year ended 30 June 2024
Directors
S Herzka
B Margulies
Company Number
10222826 (England and Wales)
Registered Office
RUSSEL LODGE
23A ST. ANDREW'S GROVE
LONDON
N16 5NF
UNITED KINGDOM
NORTH LONDON SCAFFOLD LTD
Statement of financial position
as at 30 June 2024
Called up share capital not paid
100
100
Tangible assets
708,849
815,304
Cash at bank and in hand
-
2,048
Creditors: amounts falling due within one year
(1,100,848)
(1,027,212)
Net current liabilities
(270,150)
(354,849)
Total assets less current liabilities
438,799
460,555
Creditors: amounts falling due after more than one year
(55,499)
(74,285)
Provisions for liabilities
Deferred tax
(91,000)
(109,371)
Net assets
292,300
276,899
Called up share capital
100
100
Profit and loss account
292,200
276,799
Shareholders' funds
292,300
276,899
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 9 June 2025 and were signed on its behalf by
B Margulies
Director
Company Registration No. 10222826
NORTH LONDON SCAFFOLD LTD
Notes to the Accounts
for the year ended 30 June 2024
NORTH LONDON SCAFFOLD LTD is a private company, limited by shares, registered in England and Wales, registration number 10222826. The registered office is RUSSEL LODGE, 23A ST. ANDREW'S GROVE, LONDON, N16 5NF, 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:
Land & buildings
10% straight line
Plant & machinery
10% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% Straight line
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.
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.
NORTH LONDON SCAFFOLD LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2023
100,603
1,262,173
506,996
78,599
833
1,949,204
Additions
-
97,918
7,300
-
-
105,218
At 30 June 2024
100,603
1,360,091
514,296
78,599
833
2,054,422
At 1 July 2023
20,120
747,230
316,065
49,652
833
1,133,900
Charge for the year
10,060
136,009
49,558
16,046
-
211,673
At 30 June 2024
30,180
883,239
365,623
65,698
833
1,345,573
At 30 June 2024
70,423
476,852
148,673
12,901
-
708,849
At 30 June 2023
80,483
514,943
190,931
28,947
-
815,304
Amounts falling due within one year
Trade debtors
418,881
331,626
Other debtors
411,817
338,689
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,352
-
Trade creditors
414,256
461,544
Taxes and social security
98,274
76,361
Other creditors
578,216
478,307
Other creditors includes £145,086 (2023: £100,595) owed to companies with a director in common with the company and £11,906 (2023: 11,906) to a director of the company.
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
NORTH LONDON SCAFFOLD LTD
Notes to the Accounts
for the year ended 30 June 2024
9
Transactions with related parties
Other creditors includes £145,086 (2023: £100,595) owed to companies with a director in common with the company and £11,906 (2023: 11,906) to a director of the company.
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).