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REGISTERED NUMBER: 02109894 (England and Wales)















M25 SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018






M25 SCAFFOLDING LIMITED (REGISTERED NUMBER: 02109894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M25 SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: D Gakhar
H D Maddox





SECRETARY: John Playfair Associates





REGISTERED OFFICE: Units 1 & 2 Franklin House
Crown Road
Enfield
Middlesex
EN1 1FE





REGISTERED NUMBER: 02109894 (England and Wales)





ACCOUNTANTS: Playfair Partnerships Limited
Studio 103
Mill Studio Business Centre
Crane Mead
Ware
Hertfordshire
SG12 9 PY

M25 SCAFFOLDING LIMITED (REGISTERED NUMBER: 02109894)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,622 37,960

CURRENT ASSETS
Debtors 6 132,264 237,463
Cash at bank and in hand 33,460 47,819
165,724 285,282
CREDITORS
Amounts falling due within one year 7 786,316 879,431
NET CURRENT LIABILITIES (620,592 ) (594,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(607,970

)

(556,189

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (607,972 ) (556,191 )
(607,970 ) (556,189 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 13 November 2018 and were signed on
its behalf by:





D Gakhar - Director


M25 SCAFFOLDING LIMITED (REGISTERED NUMBER: 02109894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

M25 Scaffolding 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£) which is the functional currency for the company.

Going Concern
The financial statements are prepared on a going concern basis. The use of the going concern basis
of accounting is appropriate because there are no material uncertainties related to events or conditions
that may cast significant doubt about the ability of the company to continue as a going concern on the
basis that group undertakings will continue to support the company.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and
assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.

There are no key judgements and sources of estimation uncertainty that have a significant effect on
the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and
value added taxes.Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the
contract. The stage of completion of a contract is measured by comparing the costs incurred for work
performed to date to the total estimated contract costs. Turnover is only recognised to the extent of
recoverable expenses when the outcome of a contract cannot be estimated reliably.

M25 SCAFFOLDING LIMITED (REGISTERED NUMBER: 02109894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
At each reporting date, property, plant and equipment are reviewed to determine whether there is any
indication that those assets have suffered an impairment loss. If there is an indication of possible
impairment, the recoverable amount of any affected asset is estimated and compared with its carrying
amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated
recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the
revised estimate of its recoverable amount, but not in excess of the amount that would have been
determined had no impairment loss been recognised for the asset in prior years. A reversal of
impairment is recognised immediately in profit or loss.

Depreciation has been computed to write off the cost of the property, plant and equipment over their
useful expected lives using the following rates:

Short leasehold - Straight line over the life of the lease
Plant & machinery etc - 20% on cost
Computer equipment - 33% on cost

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the
current or past reporting periods using tax rates that have been enacted or substantively enacted by
the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax relating to a non-depreciable asset that is measured using the revaluation model, or to
investment properties measured at fair value, is measured using the tax rates and allowances that
apply to the sale of the asset.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the
risks and rewards of ownership of the leased asset to the company. All other leases are classified as
operating leases.

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and
are depreciated over the shorter of the lease term and the asset's useful lives.

Rentals payable under operating leases are charged in the profit and loss account on a straight line
basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

M25 SCAFFOLDING LIMITED (REGISTERED NUMBER: 02109894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


3. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the
arrangement constitutes a financing transaction in which case the transaction is measured at the
present value of the future receipts discounted at the prevailing market rate of interest. Loans are
initially measured at fair value and are subsequently measured at amortised cost using the effective
interest method less any impairment.

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a
financing transaction in which case the transaction is measured at present value of future payments
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair
value net of their transaction costs. They are subsequently measured at amortised cost using the
effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 13 ) .

5. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2017 11,250 511,371 310,108 9,665 842,394
Additions - 2,440 - - 2,440
At 28 February 2018 11,250 513,811 310,108 9,665 844,834
DEPRECIATION
At 1 March 2017 11,250 473,477 310,108 9,599 804,434
Charge for year - 27,712 - 66 27,778
At 28 February 2018 11,250 501,189 310,108 9,665 832,212
NET BOOK VALUE
At 28 February 2018 - 12,622 - - 12,622
At 28 February 2017 - 37,894 - 66 37,960

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 104,721 207,249
Amounts recoverable on contract 15,000 15,000
Other debtors 12,543 15,214
132,264 237,463

M25 SCAFFOLDING LIMITED (REGISTERED NUMBER: 02109894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 11,677 24,457
Amounts owed to group undertakings 760,373 819,152
Taxation and social security 10,826 24,743
Other creditors 3,440 11,079
786,316 879,431

8. SECURED DEBTS

An unlimited intragroup guarantee exists between U & M Group Limited, M25 Scaffolding Limited,
Bush Hill Construction Limited, U & M Piling Limited and Underpin & Makegood (Contracting) Limited
to secure all liabilities of each other.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.