Company Registration No. 08356525 (England and Wales)
GREATER LONDON SCAFFOLD LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
GREATER LONDON SCAFFOLD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GREATER LONDON SCAFFOLD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
62,192
61,946
Current assets
Debtors
134,186
60,323
Cash at bank and in hand
108,058
40,035
242,244
100,358
Creditors: amounts falling due within one year
(259,306)
(127,297)
Net current liabilities
(17,062)
(26,939)
Total assets less current liabilities
45,130
35,007
Provisions for liabilities
(12,438)
(7,780)
32,692
27,227
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
32,592
27,127
Shareholders' funds
32,692
27,227
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 10 March 2016
J. J. Coughlan
Director
Company Registration No. 08356525
GREATER LONDON SCAFFOLD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 April 2008).
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 .
.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Plant and machinery
20-25% reducing balance
Fixtures, fittings & equipment
33% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
79,388
Additions
18,526
At 31 March 2015
97,914
Depreciation
At 1 April 2014
17,442
Charge for the year
18,280
At 31 March 2015
35,722
Net book value
At 31 March 2015
62,192
At 31 March 2014
61,946
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
GREATER LONDON SCAFFOLD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
4
Transactions with directors
At the year end, other creditors included a balance due to J. Coughlan, the sole director, of £2,183 (2014: £Nil).