TAG Scaffolding Limited,Ltd - AccountsLtd - Accounts

WHITEHILLS FARM LTD - Company Information

2016-04-01 04279870 2017-03-31 04279870 2016-04-01 2017-03-31 04279870 2016-03-31 04279870 2015-04-01 2016-03-31 04279870 uk-core:WithinOneYear 2016-03-31 04279870 uk-core:WithinOneYear 2017-03-31 04279870 uk-core:AfterOneYear 2016-03-31 04279870 uk-core:AfterOneYear 2017-03-31 04279870 uk-core:ShareCapital 2017-03-31 04279870 uk-core:ShareCapital 2016-03-31 04279870 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 04279870 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 04279870 uk-bus:Director1 2016-04-01 2017-03-31 04279870 uk-core:PlantMachinery 2016-04-01 2017-03-31 04279870 uk-core:ToolsEquipment 2016-04-01 2017-03-31 04279870 uk-core:CommercialMotorVehicles 2016-04-01 2017-03-31 04279870 uk-core:ToolsEquipment 2016-03-31 04279870 uk-core:CommercialMotorVehicles 2016-03-31 04279870 uk-core:PlantMachinery 2016-03-31 04279870 uk-core:PlantMachinery 2017-03-31 04279870 uk-core:CommercialMotorVehicles 2017-03-31 04279870 uk-core:ToolsEquipment 2017-03-31 04279870 uk-core:CostValuation 2016-03-31 04279870 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2016-03-31 04279870 uk-core:DisposalsRepaymentsInvestments 2017-03-31 04279870 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2017-03-31 04279870 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-03-31 04279870 uk-core:CostValuation 2017-03-31 04279870 uk-core:Non-currentFinancialInstruments 2017-03-31 04279870 uk-core:Non-currentFinancialInstruments 2016-03-31 04279870 uk-core:WithinOneYear uk-core:Secured 2017-03-31 04279870 uk-core:WithinOneYear uk-core:Secured 2016-03-31 iso4217:GBP 04279870 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 04279870 uk-bus:FRS102 2016-04-01 2017-03-31 04279870 uk-bus:FullAccounts 2016-04-01 2017-03-31 04279870 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31

TAG Scaffolding Limited

Registered Number:04279870

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2017

TAG Scaffolding Limited

Contents Page

Statement of Financial Position

2 to 6

Notes to the Financial Statements

As at 31 March 2017

TAG Scaffolding Limited

Statement of Financial Position

Registered Number :

04279870

2016

2017

Notes

Fixed assets

Property, plant and equipment

295,490

258,665

370,000

Investment property

Financial assets

695,050

325,050

990,540

953,715

Current assets

Trade and other receivables

310,470

287,103

255,277

Cash and cash equivalents

249,172

536,275

565,747

Trade and other payables: amounts falling due within one

year

(521,110)

(498,188)

44,637

38,087

Net current assets

Total assets less current liabilities

1,028,627

998,352

Trade and other payables: amounts falling due after more

than one year

(16,452)

(23,614)

1,005,013

Net assets

981,900

Capital and reserves

Called up share capital

Retained earnings

1,005,012

981,899

1,005,013

981,900

Shareholders' funds

For the year ended 31 March 2017 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 of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Nathan Alexander Goff Director

These financial statements were approved and authorised for issue by the Board on 24 December 2017 and were signed by:

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For the year ended 31 March 2017

TAG Scaffolding Limited

Statement of Financial Position Continued

The notes form part of these financial statements

2 of 6

For the year ended 31 March 2017

TAG Scaffolding Limited

Notes to the Financial Statements

Statutory Information

TAG Scaffolding Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 04279870.

Registered address:

The Old Dairy, Newcourt Down,

Downton, Salisbury

Wiltshire

SP5 3JE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

20 per annum on cost

25 per annum on cost

Computer equipment

25 per annum on cost

Motor vehicles

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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For the year ended 31 March 2017

TAG Scaffolding Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 April 2016

1,246,516

9,791

119,595

1,117,130

172,443

55,946

116,497

Additions

(39,170)

Disposals

(39,170)

At 31 March 2017

1,233,627

136,371

9,791

1,379,789

Provision for depreciation and impairment

At 01 April 2016

987,851

9,791

71,107

906,953

Charge for year

110,994

25,007

85,987

(14,546)

On disposal

At 31 March 2017

1,084,299

9,791

81,568

992,940

At 31 March 2017

Net book value

240,687

54,803

295,490

At 31 March 2016

210,177

48,488

258,665

3. Investment property

Total

Fair value

Additions

370,000

At 31 March 2017

370,000

Net book value

At 31 March 2017

370,000

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For the year ended 31 March 2017

TAG Scaffolding Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Loans to group and participating interests

Shares in group

and

participating

interests

Total

At 01 April 2016

695,050

695,000

Cost

Disposals/Repayments

(370,000)

At 31 March 2017

325,000

325,050

At 31 March 2017

Net book value

325,000

325,050

At 01 April 2016

695,050

695,000

The company's investments at the Balance Sheet date in the share capital of companies include the following :

MQL Developments Limited

Nature of business : Construction of domestic buildings

Class of Shares: % holding

Ordinary 50.00

2017 2016

£ £

Aggregate capital and reserves 745,258 344,187

5. Trade and other receivables

2016

2017

Trade debtors

274,281

298,870

Other debtors

12,822

11,600

310,470

287,103

6. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft (secured)

18,893

Trade creditors

65,977

12,239

Taxation and social security

14,252

78,461

Other creditors

417,959

411,517

498,188

521,110

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For the year ended 31 March 2017

TAG Scaffolding Limited

Notes to the Financial Statements Continued

7. Trade and other payables: amounts falling due after more than one year

2016

2017

Other creditors

23,614

16,452

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