Company Registration No. 12952439 (England and Wales)
IVY SCAFFOLDING LIMITED
Unaudited accounts
for the year ended 31 October 2023
IVY SCAFFOLDING LIMITED
Unaudited accounts
Contents
IVY SCAFFOLDING LIMITED
Company Information
for the year ended 31 October 2023
Director
Mr Jake Warburton
Company Number
12952439 (England and Wales)
Registered Office
24 Lismore Grove
Buxton
Derbyshire
SK17 9AW
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
IVY SCAFFOLDING LIMITED
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
IVY SCAFFOLDING LIMITED for the year ended
31 October 2023 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited
Chartered Certified Accountants
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
5 February 2024
IVY SCAFFOLDING LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
63,239
51,356
Cash at bank and in hand
56,123
13,060
Creditors: amounts falling due within one year
(34,358)
(4,942)
Net current assets
73,580
48,454
Total assets less current liabilities
136,819
99,810
Creditors: amounts falling due after more than one year
(4,722)
-
Provisions for liabilities
Other provisions
(7,141)
(6,533)
Called up share capital
100
100
Share premium
29,995
29,995
Profit and loss account
94,861
63,182
Shareholders' funds
124,956
93,277
For the year ending 31 October 2023 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 5 February 2024 and were signed on its behalf by
Mr Jake Warburton
Director
Company Registration No. 12952439
IVY SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 31 October 2023
IVY SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12952439. The registered office is 24 Lismore Grove, Buxton, Derbyshire, SK17 9AW.
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.
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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
69,968
4,928
-
74,896
Additions
11,533
15,952
208
27,693
At 31 October 2023
81,501
20,880
208
102,589
At 1 November 2022
21,691
1,849
-
23,540
Charge for the year
11,962
3,806
42
15,810
At 31 October 2023
33,653
5,655
42
39,350
At 31 October 2023
47,848
15,225
166
63,239
At 31 October 2022
48,277
3,079
-
51,356
IVY SCAFFOLDING LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
51,815
40,336
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,333
-
Trade creditors
4,010
13,067
Taxes and social security
1,394
(26,444)
Loans from directors
25,965
28,142
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,722
-
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 8 (2022: 8).