Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Abbey Scaffolding (Swindon) Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Abbey Scaffolding (Swindon) Limited
for the Year Ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abbey Scaffolding (Swindon) Limited for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Abbey Scaffolding (Swindon) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Abbey Scaffolding (Swindon) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbey Scaffolding (Swindon) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Abbey Scaffolding (Swindon) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Abbey Scaffolding (Swindon) Limited. You consider that Abbey Scaffolding (Swindon) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Abbey Scaffolding (Swindon) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Aims Accountants for Business
Suite 4, The Syms Building
Bumpers Way
Bristol Road
Chippenham
Wiltshire
SN14 6LH
31 August 2016
Abbey Scaffolding (Swindon) Limited
(Registration number: 3788384)
Abbreviated Balance Sheet at 31 August 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr James Barnett
Director
2
Abbey Scaffolding (Swindon) Limited
(Registration number: 3788384)
Abbreviated Balance Sheet at 31 August 2016
......... continued
.........................................
Mr Sean Barnett
Director
3
Abbey Scaffolding (Swindon) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill is amortised on a straight line basis over 10 years.
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 |
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Vehicles |
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Office Equipment |
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Fixtures and fittings |
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Buildings |
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Deferred tax
Hire purchase and leasing
Abbey Scaffolding (Swindon) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Financial instruments
Pensions
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 September 2015 |
1,625,528 |
1,625,528 |
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Additions |
178,454 |
178,454 |
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Disposals |
(152,298) |
(152,298) |
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At 31 August 2016 |
1,651,684 |
1,651,684 |
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Depreciation |
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At 1 September 2015 |
691,275 |
691,275 |
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Charge for the year |
111,406 |
111,406 |
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Eliminated on disposals |
(132,492) |
(132,492) |
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At 31 August 2016 |
670,189 |
670,189 |
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Net book value |
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At 31 August 2016 |
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At 31 August 2015 |
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Debtors |
Debtors includes £nil (2015 - £nil) receivable after more than one year.
Abbey Scaffolding (Swindon) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mr Sean Barnett |
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6,085 |
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Mr James Barnett |
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- |
7,585 |
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