Registered Number SC446742
EXTRA ACCESS (SCAFFOLDS) LIMITED
Abbreviated Accounts
30 April 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 3 |
|
( |
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
The directors have considered a period of 12 months after the date of approval of these accounts and they are satisfied that, in their opinion, the company will be able to continue to trade for at least that period of time and will be able to meet the company's ongoing financial liabilities. Consequently it is correct for the company to be considered as a going concern.
Basis of accounting
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value of goods and services supplied by the company during the year, excluding value added tax.
Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Equipment, fixtures and fittings 10% Reducing balance
Plant and machinery 10% Reducing balance
Deferred taxation
Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.
A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Operating lease transactions
Rentals under operating leases are charged to the profit and loss account as they fall due.
£ | |
---|---|
Cost | |
At 1 May 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 April 2015 |
|
Depreciation | |
At 1 May 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 April 2015 |
|
Net book values | |
At 30 April 2015 | 97,867 |
At 30 April 2014 | 98,831 |
2015
£ |
2014
£ |
|
---|---|---|
Secured Debts |
|
|