SYS (Scaffolding Hire & Sales) Ltd
|
Registered Number
:
06322959
|
For the year ended 31 July 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2020
SYS (Scaffolding Hire & Sales) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
SYS (Scaffolding Hire & Sales) Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
248,673
170,677
2
248,673
170,677
Trade and other receivables
|
-
14,519
3
2,411
Cash and cash equivalents
|
16,368
30,887
2,411
Trade and other payables
:
amounts falling due within one year
|
(30,968)
(133,759)
4
(28,557)
(102,872)
Net current liabilities
Total assets less current liabilities
|
145,801
142,120
Trade and other payables
:
amounts falling due after more than one year
|
(87,557)
(87,272)
5
58,529
Net assets
54,563
100
100
58,429
54,463
58,529
54,563
Shareholders' funds
For the year ended 31 July 2020 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 of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Joseph Lee Pearce Director
|
These financial statements were approved and authorised for issue by the Board on 25 March 2021 and were signed by:
|
The notes form part of these financial statements
|
1 of 3
For the year ended 31 July 2020
SYS (Scaffolding Hire & Sales) Ltd
Notes to the Financial Statements
Statutory Information
SYS
(
Scaffolding Hire
&
Sales
)
Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
06322959
.
|
Old North Ropery Works
Carr Hill
Balby
Doncaster
DN4 8DE
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
102
'
The
|
Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The financial statements have
|
been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
.
Property
,
plant and equipment
|
Motor vehicles
Land and buildings
257,399
18,350
68,372
170,677
77,996
-
-
77,996
248,673
68,372
18,350
335,395
Provision for depreciation and impairment
|
86,722
18,350
68,372
-
86,722
18,350
68,372
-
248,673
-
-
248,673
170,677
-
-
170,677
2 of 3
For the year ended 31 July 2020
SYS (Scaffolding Hire & Sales) Ltd
Notes to the Financial Statements Continued
3
.
Trade and other receivables
|
2019
2020
14,519
-
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
14,459
5,555
Taxation and social security
|
49,475
4,606
69,825
20,807
133,759
30,968
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
87,272
87,557
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2019 : 1)
3 of 3