Company Registration No. 04621360 (England and Wales)
A & A SCAFFOLDING PLUS EIGHT (2003) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
A & A SCAFFOLDING PLUS EIGHT (2003) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A & A SCAFFOLDING PLUS EIGHT (2003) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
216,226
227,043
Current assets
Debtors
187,249
183,194
Cash at bank and in hand
4,477
40,673
191,726
223,867
Creditors: amounts falling due within one year
3
(144,807)
(199,442)
Net current assets
46,919
24,425
Total assets less current liabilities
263,145
251,468
Creditors: amounts falling due after more than one year
4
(56,440)
(86,643)
Provisions for liabilities
(16,095)
(17,104)
190,610
147,721
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
190,608
147,719
Shareholders' funds
190,610
147,721
For the financial year ended 31 December 2015 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 29 July 2016
Mr R Miceli
Director
Company Registration No. 04621360
A & A SCAFFOLDING PLUS EIGHT (2003) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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
Tangible fixed assets and depreciation
All tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land
not depreciated
Plant and machinery
15% per annum reducing balance
Fixtures, fittings and equipment
15% per annum reducing balance
Motor vehicles
25% per annum reducing balance
1.5
Revenue recognition
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
Income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.
1.6
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
A & A SCAFFOLDING PLUS EIGHT (2003) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
591,909
Additions
21,900
Disposals
(39,450)
At 31 December 2015
574,359
Depreciation
At 1 January 2015
364,866
On disposals
(33,527)
Charge for the year
26,794
At 31 December 2015
358,133
Net book value
At 31 December 2015
216,226
At 31 December 2014
227,043
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £30,322 (2014 - £88,443).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £56,440 (2014 - £86,643).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2