Company Registration No. 09720066 (England and Wales)
INNERCITY SCAFFOLDING LIMITED
Unaudited accounts
for the year ended 31 August 2021
INNERCITY SCAFFOLDING LIMITED
Unaudited accounts
Contents
INNERCITY SCAFFOLDING LIMITED
Company Information
for the year ended 31 August 2021
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 2021
Tangible assets
1,142,627
340,501
Inventories
130,601
101,533
Cash at bank and in hand
50,999
42,556
Creditors: amounts falling due within one year
(399,893)
(51,459)
Net current assets
393,707
356,075
Total assets less current liabilities
1,536,334
696,576
Creditors: amounts falling due after more than one year
(964,866)
(246,555)
Net assets
571,468
450,021
Called up share capital
100
100
Profit and loss account
571,368
449,921
Shareholders' funds
571,468
450,021
For the year ending 31 August 2021 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 8 December 2021 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 2021
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 2020
401,882
95,190
497,072
Additions
823,842
145,200
969,042
At 31 August 2021
1,225,724
240,390
1,466,114
At 1 September 2020
93,556
63,015
156,571
Charge for the year
122,572
44,344
166,916
At 31 August 2021
216,128
107,359
323,487
At 31 August 2021
1,009,596
133,031
1,142,627
At 31 August 2020
308,326
32,175
340,501
INNERCITY SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
612,000
263,445
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
241,216
15,224
Trade creditors
158,677
36,235
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
964,866
246,555
8
Share capital
2021
2020
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 (2020: 0).