REGISTERED NUMBER: 07199439 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

GT SCAFFOLDING (CONTRACTORS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G K Tulett

Mrs V B Tulett

R G Tulett

REGISTERED OFFICE:

South Building

Upper Farm

Wootton St Lawrence

BASINGSTOKE

Hampshire

RG23 8PE

REGISTERED NUMBER:

07199439 (England and Wales)

ACCOUNTANTS:

Weller Mackrill

South Building

Upper Farm

Wootton St Lawrence

BASINGSTOKE

Hampshire

RG23 8PE

FIXED ASSETS

Tangible assets

4

19,042

17,914

CURRENT ASSETS

Debtors

5

179,635

148,961

Cash at bank and in hand

11,678

43,192

191,313

192,153

CREDITORS

Amounts falling due within one year

6

209,993

209,786

NET CURRENT LIABILITIES

(18,680

)

(17,633

)

TOTAL ASSETS LESS CURRENT LIABILITIES

362

281

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

332

251

SHAREHOLDERS' FUNDS

362

281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 22nd January 2018 and were signed on its behalf by:

G K Tulett - Director

1.	STATUTORY INFORMATION

GT Scaffolding (Contractors) 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.

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 represents net invoiced supply of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2016

19,450

43,000

1,862

64,312

Additions

-

7,122

400

7,522

At 31st March 2017

19,450

50,122

2,262

71,834

DEPRECIATION

At 1st April 2016

15,532

29,004

1,862

46,398

Charge for year

980

5,280

134

6,394

At 31st March 2017

16,512

34,284

1,996

52,792

NET BOOK VALUE

At 31st March 2017

2,938

15,838

266

19,042

At 31st March 2016

3,918

13,996

-

17,914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

87,109

57,889

Other debtors

92,526

91,072

179,635

148,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

7,228

10,254

Taxation and social security

51,845

36,890

Other creditors

150,920

162,642

209,993

209,786

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, GT Scaffolding (Contractors) Ltd owed £138,565 (2016: £146,463) in respect of these

transactions.