Company Registration No. 02894086 (England and Wales)
DAVENTRY SCAFFOLDING SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
DAVENTRY SCAFFOLDING SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DAVENTRY SCAFFOLDING SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
479
721
Tangible assets
2
60,150
65,614
60,629
66,335
Current assets
Debtors
24,402
29,446
24,402
29,446
Creditors: amounts falling due within one year
3
(35,429)
(39,686)
Net current liabilities
(11,027)
(10,240)
Total assets less current liabilities
49,602
56,095
Creditors: amounts falling due after more than one year
4
(4,788)
(4,613)
Provisions for liabilities
(11,522)
(12,403)
33,292
39,079
Capital and reserves
Called up share capital
5
300
300
Revaluation reserve
32,792
38,579
Other reserves
200
200
Shareholders' funds
33,292
39,079
DAVENTRY SCAFFOLDING SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2016
28 February 2016
- 2 -
For the financial year ended 28 February 2016 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 October 2016
Mr T Eales
Director
Company Registration No. 02894086
DAVENTRY SCAFFOLDING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.
DAVENTRY SCAFFOLDING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost or valuation
At 1 March 2015
4,833
120,446
125,279
Additions
-
8,990
8,990
Disposals
-
(5,950)
(5,950)
At 28 February 2016
4,833
123,486
128,319
Depreciation
At 1 March 2015
4,112
54,832
58,944
On disposals
-
(5,305)
(5,305)
Charge for the year
242
13,809
14,051
At 28 February 2016
4,354
63,336
67,690
Net book value
At 28 February 2016
479
60,150
60,629
At 28 February 2015
721
65,614
66,335
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £7,146 (2015 - £8,115).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £4,788 (2015 - £4,613).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
153 Ordinary A shares of £1 each
153
153
147 Ordinary B shares of £1 each
147
147
300
300