Registered Number 05051434
MPH SCAFFOLDING LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write each asset down to its residual value over its estimated useful life:
Scaffolding and plant - 25% on reducing balance
Office equipment, furniture and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Intangible assets amortisation policy
Purchased goodwill arising on business acquisitions is capitalised and amortised on a straight line basis over its estimated useful economic life, subject to a maximum of 20 years.
Amortisation of goodwill is charged to the profit and loss account.
Other accounting policies
The financial statements have been drawn up on the going concern basis. The directors have confirmed that they will financially support the company, by deferment of amounts due to them or otherwise, in order to enable the company to continue trading for the foreseeable future.
Leasing and hire purchase
Assets acquired under lease/hire purchase contracts are capitalised and depreciated over their useful lives in accordance with the policy stated above. The interest payable over the term of the agreement is charged to the profit and loss account on a monthly basis.
Deferred taxation
Deferred tax is recognised by making provision, at current rates, for all timing differences that have originated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains or losses expected to arise on sale, or where assets have been sold and it is expected that the taxable gain will be rolled over into a replacement asset.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 190,829 |
At 31 March 2015 | 163,831 |
2016
£ |
2015
£ |
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Secured Debts |
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