BSL Scaffolding Erectors Limited - Accounts to registrar - small 17.2
BSL Scaffolding Erectors Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2016 |
for |
BSL Scaffolding Erectors Limited |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 9 |
BSL Scaffolding Erectors Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Castle Farm Barn North |
Denmead Road |
Southwick |
Hampshire |
PO17 6EX |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Balance Sheet |
31 December 2016 |
31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS | 12 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Balance Sheet - continued |
31 December 2016 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on were signed on its behalf by: |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
BSL Scaffolding Erectors Limited is a |
England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Freehold land | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the |
balance sheet. Those held under hire purchase contracts are depreciated over their |
estimated useful lives. Those held under finance leases are depreciated over their |
estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. |
The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Motor |
land | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 January 2016 |
Additions |
Revaluations |
At 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
Cost or valuation at 31 December 2016 is represented by: |
Fixtures |
Freehold | Plant and | and | Motor |
land | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
Valuation in 2016 | 7,243 | - | - | - | 7,243 |
Cost | 392,757 | 596,742 | 41,233 | 112,099 | 1,142,831 |
400,000 | 596,742 | 41,233 | 112,099 | 1,150,074 |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
4. | TANGIBLE FIXED ASSETS - continued |
If freehold land had not been revalued it would have been included at the following historical |
cost: |
31.12.16 | 31.12.15 |
£ | £ |
Cost | 392,757 | 392,757 |
Value of land in freehold land and buildings | 392,757 | 392,757 |
Freehold land was valued on an open market basis on 31 December 2016 by the directors . |
Fixed assets, included in the above, which are held under hire purchase contracts are as |
follows: |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 January 2016 |
Additions |
At 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Staff loans | 6,264 | - |
Directors' current accounts | 94,977 | - |
VAT |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
Credit card | 4,487 | 4,802 |
Directors' current accounts | - | 51 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans |
Hire purchase contracts |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans |
The bank loan is secured by a fixed charge over the freehold land. |
9. | RESERVES |
Fair |
value |
reserve |
£ |
Revaluation freehold land | 7,243 |
At 31 December 2016 |
BSL Scaffolding Erectors Limited (Registered number: 06776826) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended |
31 December 2016 and 31 December 2015: |
31.12.16 | 31.12.15 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
Included in debtors (2015 - creditors) is an amount due from (2015 - due to) the directors of |
£94,977 (2015 - £51). This loan is interest free, undated , unsecured and repayable on |
demand. |
11. | ULTIMATE CONTROLLING PARTY |
No one has a controlling interest in the company. |
12. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
31.12.16 | 31.12.15 |
£ | £ |
Profit for the financial year |
Dividends | ( |
) | ( |
) |
Net addition/(reduction) to shareholders' funds | 57,605 | (3,851 | ) |
Opening shareholders' funds | 301,386 | 305,237 |
Closing shareholders' funds | 358,991 | 301,386 |
13. | FIRST YEAR ADOPTION |
This is the first year the company has presented its financial statements under Financial |
Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting |
Council. The last financial statements for the year ended 31 December 2015, were prepared |
under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 01 January |
2016. |
There were no material adjustments required on transition to FRS102 (1a) and as such it |
has not been necessary to restate prior year comparatives following implementation of |
FRS102 (1a). |
BSL Scaffolding Erectors Limited |
Report of the Accountants to the Directors of |
BSL Scaffolding Erectors Limited |
The following reproduces the text of the report prepared for the directors and members in |
respect of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
cautioned that the Income Statement and certain other primary statements and the Report |
of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Castle Farm Barn North |
Denmead Road |
Southwick |
Hampshire |
PO17 6EX |