Company Registration No. 09720066 (England and Wales)
INNERCITY SCAFFOLDING LIMITED
Unaudited accounts
for the year ended 31 August 2020
INNERCITY SCAFFOLDING LIMITED
Unaudited accounts
Contents
INNERCITY SCAFFOLDING LIMITED
Company Information
for the year ended 31 August 2020
Director
Matthew Phillips
Company Number
09720066 (England and Wales)
Registered Office
Unit 5, Schooner Park Schooner Court
Crossways Business Park
Dartford
Kent
DA2 6NW
United Kingdom
INNERCITY SCAFFOLDING LIMITED
Statement of financial position
as at
31 August 2020
Tangible assets
340,501
382,803
Inventories
101,533
57,918
Cash at bank and in hand
42,556
34,963
Creditors: amounts falling due within one year
(51,459)
(44,454)
Net current assets
356,075
292,925
Total assets less current liabilities
696,576
675,728
Creditors: amounts falling due after more than one year
(246,555)
(391,841)
Net assets
450,021
283,887
Called up share capital
100
100
Profit and loss account
449,921
283,787
Shareholders' funds
450,021
283,887
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2020 and were signed on its behalf by
Matthew Phillips
Director
Company Registration No. 09720066
INNERCITY SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2020
INNERCITY SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09720066. The registered office is Unit 5, Schooner Park Schooner Court, Crossways Business Park, Dartford, Kent, DA2 6NW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2019
401,882
95,190
497,072
At 31 August 2020
401,882
95,190
497,072
At 1 September 2019
59,298
54,971
114,269
Charge for the year
34,258
8,044
42,302
At 31 August 2020
93,556
63,015
156,571
At 31 August 2020
308,326
32,175
340,501
At 31 August 2019
342,584
40,219
382,803
INNERCITY SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
263,445
244,498
6
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
15,224
12,288
Trade creditors
36,235
32,166
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
246,555
391,841
8
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).