Scaffolding by Prestige Limited - Period Ending 2016-04-30

Registration number: 09561095

Scaffolding by Prestige Limited

Unaudited Abbreviated Accounts

for the Period from 25 April 2015 to 30 April 2016

 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Scaffolding by Prestige Limited
(Registration number: 09561095)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £
Fixed assets
Tangible fixed assets					4,605
Current assets
Debtors					1,785
Cash at bank and in hand					2,894
					4,679
Creditors: Amounts falling due within one year					(1,909)
Net current assets					2,770
Net assets					7,375
Capital and reserves
Called up share capital					40
Profit and loss account					7,335
Shareholders' funds					7,375

The notes on pages 3 to 4 form an integral part of these financial statements.
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Scaffolding by Prestige Limited
(Registration number: 09561095)
Abbreviated Balance Sheet at 30 April 2016
......... continued

For the year ending 30 April 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 25 January 2017

.........................................
Mr J Brown
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Scaffolding by Prestige Limited
Notes to the Abbreviated Accounts for the Period from 25 April 2015 to 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Scaffolding by Prestige Limited
Notes to the Abbreviated Accounts for the Period from 25 April 2015 to 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		10,140			10,140
Disposals		(4,000)			(4,000)
At 30 April 2016		6,140			6,140
Depreciation
Charge for the period		1,535			1,535
At 30 April 2016		1,535			1,535
Net book value
At 30 April 2016		4,605			4,605

3	Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

N McKillop Blasting (A business controlled by Mr N McKillop) During the year Scaffolding by Prestige Limited hired equipment from N McKillop Blasting totalling £16,250 and equipment with a market value of £5,000 was purchased from this business . At the balance sheet date the amount due to N McKillop Blasting was £nil.

Prestige Developments (Bristol) Limited (Mr I Brown is a shareholding director) During the year Scaffolding by Prestige Limited sold goods and services totalling £17,740 to Prestige Developments (Bristol) Limited, under normal commercial terms . At the balance sheet date the amount due to Prestige Developments (Bristol) Limited was £nil.

Prospect Developments (Henfield) Limited (Mr I Brown is a shareholding director) During the year Scaffolding by Prestige Limited sold goods and services to Prospect Developments (Henfield) Limited totalling £4,150. Prospect Developments (Henfield) Limited also recharged goods and services to Scaffolding by Prestige Limited totalling £1,308, all under normal commercial terms . At the balance sheet date the amount due to Prospect Developments (Henfield) Limited was £nil.

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