Company Registration No. 09762821 (England and Wales)
Valco Scaffolding Ltd
Unaudited accounts
for the year ended 30 September 2022
Valco Scaffolding Ltd
Unaudited accounts
Contents
Valco Scaffolding Ltd
Company Information
for the year ended 30 September 2022
Directors
Mr Daniel Munn
Mr Peter Walker
Company Number
09762821 (England and Wales)
Registered Office
T4 Logistics Yard Ground Floor Office
Nettlefold Road
Cardiff
CF24 5HQ
Accountants
Nathan Evans Limited
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Valco Scaffolding Ltd for the year ended 30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Valco Scaffolding Ltd for the year ended
30 September 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited
Chartered Accountants
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
27 June 2023
Valco Scaffolding Ltd
Statement of financial position
as at 30 September 2022
Tangible assets
76,282
86,136
Cash at bank and in hand
(2,912)
(699)
Creditors: amounts falling due within one year
(346,466)
(338,416)
Net current assets/(liabilities)
80,842
(22,270)
Called up share capital
100
100
Profit and loss account
157,024
63,766
Shareholders' funds
157,124
63,866
For the year ending 30 September 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 27 June 2023 and were signed on its behalf by
Mr Daniel Munn
Director
Company Registration No. 09762821
Valco Scaffolding Ltd
Notes to the Accounts
for the year ended 30 September 2022
Valco Scaffolding Ltd is a private company, limited by shares, registered in England and Wales, registration number 09762821. The registered office is T4 Logistics Yard Ground Floor Office, Nettlefold Road, Cardiff, CF24 5HQ.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Valco Scaffolding Ltd
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2021
283,663
84,740
9,434
377,837
Additions
-
28,000
-
28,000
At 30 September 2022
283,663
112,740
9,434
405,837
At 1 October 2021
248,924
35,293
7,484
291,701
Charge for the year
20,564
16,369
921
37,854
At 30 September 2022
269,488
51,662
8,405
329,555
At 30 September 2022
14,175
61,078
1,029
76,282
At 30 September 2021
34,739
49,447
1,950
86,136
Amounts falling due within one year
Trade debtors
273,206
198,206
Other debtors
157,014
118,639
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
75,571
59,823
Obligations under finance leases and hire purchase contracts
31,756
33,817
Trade creditors
82,673
109,251
Taxes and social security
39,279
13,200
The company was under the control of Mr D Munn during the year. Mr Munn owns 49% of the share capital.
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).