Company Registration No. 12139314 (England and Wales)
Elite Scaffolding North West Ltd
Unaudited accounts
for the year ended 31 August 2022
Elite Scaffolding North West Ltd
Unaudited accounts
Contents
Elite Scaffolding North West Ltd
Company Information
for the year ended 31 August 2022
Company Number
12139314 (England and Wales)
Registered Office
Unit 8 Springhill Works
Exchange Street
ACCRINGTON
BB5 0LE
ENGLAND
Elite Scaffolding North West Ltd
Statement of financial position
as at
31 August 2022
Tangible assets
250,289
106,711
Cash at bank and in hand
34,455
4,265
Creditors: amounts falling due within one year
(271,260)
19,184
Net current (liabilities)/assets
(74,892)
23,449
Total assets less current liabilities
175,397
130,160
Creditors: amounts falling due after more than one year
(80,176)
(50,000)
Called up share capital
100
100
Profit and loss account
95,121
80,060
Shareholders' funds
95,221
80,160
For the year ending 31 August 2022 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 director acknowledges his 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 and authorised for issue on 10 March 2023 and were signed on its behalf by
Kirt Birney
Director
Company Registration No. 12139314
Elite Scaffolding North West Ltd
Notes to the Accounts
for the year ended 31 August 2022
Elite Scaffolding North West Ltd is a private company, limited by shares, registered in England and Wales, registration number 12139314. The registered office is Unit 8 Springhill Works, Exchange Street, ACCRINGTON, BB5 0LE, ENGLAND.
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.
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:
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Elite Scaffolding North West Ltd
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2021
186,668
-
186,668
Additions
125,759
50,316
176,075
At 31 August 2022
312,427
50,316
362,743
At 1 September 2021
79,957
-
79,957
Charge for the year
19,534
12,963
32,497
At 31 August 2022
99,491
12,963
112,454
At 31 August 2022
212,936
37,353
250,289
At 31 August 2021
106,711
-
106,711
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
2,719
Taxes and social security
86,354
-
Other creditors
124,770
(23,336)
Loans from directors
2,207
8,058
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
28,614
-
8
Average number of employees
During the year the average number of employees was 5 (2021: 3).