COMPANY REGISTRATION NUMBER:
15406081
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City West Scaffolding Limited |
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Filleted Unaudited Financial Statements |
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Period from 11 January 2024 to |
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City West Scaffolding Limited |
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Period from 11 January 2024 to 31 January 2025
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Statement of financial position |
1 |
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Notes to the financial statements |
3 |
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City West Scaffolding Limited |
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Statement of Financial Position |
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31 January 2025
Fixed assets
Current assets
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Debtors |
6 |
7,677 |
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Cash at bank and in hand |
1,625 |
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|
------- |
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9,302 |
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Creditors: amounts falling due within one year |
7 |
142,486 |
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---------- |
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Net current liabilities |
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133,184 |
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---------- |
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Total assets less current liabilities |
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(
102,634) |
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Creditors: amounts falling due after more than one year |
8 |
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17,625 |
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---------- |
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Net liabilities |
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(
120,259) |
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---------- |
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Capital and reserves
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Called up share capital |
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100 |
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Profit and loss account |
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(
120,359) |
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---------- |
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Shareholders deficit |
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(
120,259) |
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---------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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City West Scaffolding Limited |
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Statement of Financial Position (continued) |
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31 January 2025
These financial statements were approved by the
board of directors
and authorised for issue on
8 January 2026
, and are signed on behalf of the board by:
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Mr S C McGarrity |
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Director |
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Company registration number:
15406081
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City West Scaffolding Limited |
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Notes to the Financial Statements |
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Period from 11 January 2024 to 31 January 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Wistow Road, Selby, YO8 3LZ, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis.
(b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. The company's balance sheet shows net liabilities of £120,564 and a trading loss after tax of £120,664 arose during the year. The Directors will continue to support the company. The going concern basis is therefore appropriate.
(c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised on completion of the work undertaken.
(d) Current and deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
(e) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Motor vehicles |
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20% reducing balance |
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(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h)
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
(i)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
4
.
5.
Tangible assets
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Motor vehicles |
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£ |
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Cost |
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At 11 January 2024 |
– |
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Additions |
38,188 |
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-------- |
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At 31 January 2025 |
38,188 |
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-------- |
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Depreciation |
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At 11 January 2024 |
– |
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Charge for the period |
7,638 |
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-------- |
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At 31 January 2025 |
7,638 |
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-------- |
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Carrying amount |
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At 31 January 2025 |
30,550 |
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-------- |
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6.
Debtors
|
31 Jan 25 |
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£ |
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Other debtors |
7,677 |
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------- |
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7.
Creditors:
amounts falling due within one year
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31 Jan 25 |
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£ |
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Trade creditors |
137,931 |
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Other creditors |
4,555 |
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---------- |
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142,486 |
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---------- |
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8.
Creditors:
amounts falling due after more than one year
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31 Jan 25 |
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£ |
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Other creditors |
17,625 |
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-------- |
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