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Post Info TOPIC: Scaffolding business
Boobella


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Scaffolding business
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My builder client has started a new scaffolding business. He puts up scaffolding for other builders at their sites. My client has bought a substantial amount of scaffolding. What I need to know is whether the scaffolding is classed as a fixed asset or a cost of sale purchase in the accounts?

Thanks,

John 



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John
Fay


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If the scaffolding is used on different jobs, and will be kept for more than one year, I would treat it as a fixed asset. Any repairs to the scaffolding e.g. new brackets should be expensed to the P&L.

If the scaffolding is just used on one job and then scrapped, it would be classed as a cost of sale.


Fay

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Boobella


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Thanks for that Fay,

John

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John
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