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AAA Scaffolding London Ltd
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06422432
2
Contents Page
AAA Scaffolding London Ltd
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
AAA Scaffolding London Ltd
Accountants' Report
For the year ended 31 March 2016
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of AAA Scaffolding London Ltd for the year ended 31 March 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of AAA Scaffolding London Ltd, as a body, in accordance with
the terms of our engagement letter dated 10 April 2009. Our work has been undertaken solely to prepare for your
approval the accounts of AAA Scaffolding London Ltd and state those matters that we have agreed to state to the
Board of Directors of AAA Scaffolding London Ltd, as a body, in this report in accordance with the requirements of
the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To
the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAA Scaffolding
London Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AAA Scaffolding London Ltd 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 AAA
Scaffolding London Ltd. You consider that AAA Scaffolding London Ltd is exempt from the statutory audit
requirement for the year.
James Wright & Co
Chartered Certified Accountants
5 Whytecliffe Road South
Purley
Surrey
CR8 2AY
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4
Abbreviated Balance Sheet
AAA Scaffolding London Ltd
As at 31 March 2016
06422432
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Intangible assets
2
88,125
95,625
Tangible assets
3
70,746
79,143
158,871
174,768
Current assets
Debtors
117,382
115,044
Cash at bank and in hand
39,320
19,725
154,364
137,107
Creditors: amounts falling due within one year
(18,155)
(58,688)
118,952
95,676
Net current assets
Total assets less current liabilities
254,547
293,720
Creditors: amounts falling due after more than one year
4
(237,092)
(139,699)
114,848
Net assets
56,628
Capital and reserves
Called up share capital
2
5
2
Profit and loss account
114,846
56,626
114,848
56,628
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their 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.
Date approved by the board: 06 January 2017
Mr Dennis Kavanagh Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
AAA Scaffolding London Ltd
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
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
10% Straight line
Computer Equipment
10% Straight line
Motor Vehicles
25% Straight line
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6
Notes to the Abbreviated Financial Statements
AAA Scaffolding London Ltd
For the year ended 31 March 2016
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 April 2015
150,000
150,000
At 31 March 2016
Amortisation
54,375
At 01 April 2015
7,500
Charge for year
61,875
At 31 March 2016
88,125
Net Book Values
At 31 March 2016
95,625
At 31 March 2015
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
155,434
At 01 April 2015
(4,328)
Disposals
At 31 March 2016
151,106
Depreciation
76,291
At 01 April 2015
(4,154)
Disposals
8,223
Charge for year
80,360
At 31 March 2016
Net book values
At 31 March 2016
70,746
79,143
At 31 March 2015
The registered title to land purchased by the company has not been inspected or verified at the balance sheet date.
2015
2016
4 Creditors due after more than one year
£
£
59,762
74,589
Bank loans and overdraft
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7
Notes to the Abbreviated Financial Statements
AAA Scaffolding London Ltd
For the year ended 31 March 2016
5 Share capital
Allotted called up and fully paid
2016
2015
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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