BSL Scaffolding Erectors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06776826 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

BSL Scaffolding Erectors Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

David Graham Carter

Chantelle Elizabeth Carter

SECRETARY:

David Graham Carter

REGISTERED OFFICE:

Dradfield Industrial Estate

Dradfield Lane

Soberton

Hampshire

SO32 3QD

REGISTERED NUMBER:

06776826 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

659,351

739,756

CURRENT ASSETS

Debtors

102,240

229,969

Cash at bank and in hand

111,964

250

214,204

230,219

CREDITORS

Amounts falling due within one year

240,590

192,194

NET CURRENT (LIABILITIES)/ASSETS

(26,386

)

38,025

TOTAL ASSETS LESS CURRENT LIABILITIES

632,965

777,781

CREDITORS

Amounts falling due after more than one year

(263,413

)

(355,359

)

PROVISIONS FOR LIABILITIES

(49,925

)

(63,431

)

NET ASSETS

319,627

358,991

CAPITAL AND RESERVES

Called up share capital

6

100

100

Fair value reserve

7,243

7,243

Retained earnings

312,284

351,648

SHAREHOLDERS' FUNDS

319,627

358,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 19 September 2018 and were signed on its behalf by:

David Graham Carter - Director

1.	STATUTORY INFORMATION

BSL Scaffolding Erectors Limited is a private company, limited by shares , registered in

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold land

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 6 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

1,150,074

Additions

2,950

At 31 December 2017

1,153,024

DEPRECIATION

At 1 January 2017

410,318

Charge for year

83,355

At 31 December 2017

493,673

NET BOOK VALUE

At 31 December 2017

659,351

At 31 December 2016

739,756

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Totals

£

COST

At 1 January 2017

and 31 December 2017

340,667

DEPRECIATION

At 1 January 2017

128,964

Charge for year

52,240

At 31 December 2017

181,204

NET BOOK VALUE

At 31 December 2017

159,463

At 31 December 2016

211,703

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Bank loans

267,704

274,350

The bank loan is secured by a fixed charge over the freehold land.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 December 2017 and 31 December 2016:

31.12.17

31.12.16

£

£

David Graham Carter and Chantelle Elizabeth Carter

Balance outstanding at start of year

94,977

(51

)

Amounts advanced

-

95,028

Amounts repaid

(107,608

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(12,631

)

94,977

8.	ULTIMATE CONTROLLING PARTY