|
|
REGISTERED NUMBER:
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE PERIOD |
|
1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
FOR |
|
WELLMAX SCAFFOLDING LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE PERIOD |
|
1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
FOR |
|
WELLMAX SCAFFOLDING LIMITED |
WELLMAX SCAFFOLDING LIMITED (REGISTERED NUMBER: 06055392) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
WELLMAX SCAFFOLDING LIMITED |
|
COMPANY INFORMATION |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Kingfisher House |
11 Hoffmanns Way |
Chelmsford |
Essex |
CM1 1GU |
WELLMAX SCAFFOLDING LIMITED (REGISTERED NUMBER: 06055392) |
|
BALANCE SHEET |
30 APRIL 2018 |
|
2018 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks | 5 |
|
|
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
WELLMAX SCAFFOLDING LIMITED (REGISTERED NUMBER: 06055392) |
|
BALANCE SHEET - continued |
30 APRIL 2018 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
WELLMAX SCAFFOLDING LIMITED (REGISTERED NUMBER: 06055392) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
1. | STATUTORY INFORMATION |
|
Wellmax Scaffolding Limited is a
|
Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
|
Leasehold Improvements | 25% Reducing balance |
Computer Equipment | 50% Reducing balance |
Motor Vehicles | 25% Reducing balance |
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the period end and that |
are expected to apply to the reversal of the timing difference. |
|
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. |
|
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. |
WELLMAX SCAFFOLDING LIMITED (REGISTERED NUMBER: 06055392) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
|
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 November 2016 |
|
|
|
Additions |
|
|
|
At 30 April 2018 |
|
|
|
DEPRECIATION |
At 1 November 2016 |
|
|
|
Charge for period |
|
|
|
At 30 April 2018 |
|
|
|
NET BOOK VALUE |
At 30 April 2018 |
|
|
|
At 31 October 2016 |
|
|
|
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 November 2016 |
|
|
|
Additions |
|
|
|
At 30 April 2018 |
|
|
|
DEPRECIATION |
At 1 November 2016 |
|
|
|
Charge for period |
|
|
|
At 30 April 2018 |
|
|
|
NET BOOK VALUE |
At 30 April 2018 |
|
|
|
At 31 October 2016 |
|
|
|
|
5. | STOCKS |
2018 | 2016 |
£ | £ |
Work-in-progress |
|
|
WELLMAX SCAFFOLDING LIMITED (REGISTERED NUMBER: 06055392) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 APRIL 2018 |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2016 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
Staff loans | 1,947 | 2,205 |
Prepayments and accrued income |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2016 |
£ | £ |
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 339,879 | 479,246 |
Other creditors |
|
|
Directors' current accounts | - | 134,565 |
Accruals and deferred income |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2016 |
£ | £ |
Other loans | 180,700 | 280,700 |
|
Amounts falling due in more than five years: |
|
Repayable otherwise than by instalments |
Other loans |
|
|
|
9. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2016 |
value: | £ | £ |
|
Ordinary | 1 | 10 | 10 |
|
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
As at 30 April 2018 the balance owed to the directors was £0 (2016: £134,565). |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|
|
12. | FIRST YEAR ADOPTION |
|
There were no transitional adjustments due to adoption of FRS 102 (1A) during the year. |