Silverfin false 31/12/2022 01/01/2022 31/12/2022 J E Austin 01/12/2014 W David 01/12/2014 S Rayson 07/01/2019 30 September 2023 The principal activity of the Company during the financial year was that of scaffold erection. 09334738 2022-12-31 09334738 bus:Director1 2022-12-31 09334738 bus:Director2 2022-12-31 09334738 bus:Director3 2022-12-31 09334738 2021-12-31 09334738 core:CurrentFinancialInstruments 2022-12-31 09334738 core:CurrentFinancialInstruments 2021-12-31 09334738 core:Non-currentFinancialInstruments 2022-12-31 09334738 core:Non-currentFinancialInstruments 2021-12-31 09334738 core:ShareCapital 2022-12-31 09334738 core:ShareCapital 2021-12-31 09334738 core:RevaluationReserve 2022-12-31 09334738 core:RevaluationReserve 2021-12-31 09334738 core:RetainedEarningsAccumulatedLosses 2022-12-31 09334738 core:RetainedEarningsAccumulatedLosses 2021-12-31 09334738 core:LeaseholdImprovements 2021-12-31 09334738 core:PlantMachinery 2021-12-31 09334738 core:Vehicles 2021-12-31 09334738 core:ComputerEquipment 2021-12-31 09334738 core:LeaseholdImprovements 2022-12-31 09334738 core:PlantMachinery 2022-12-31 09334738 core:Vehicles 2022-12-31 09334738 core:ComputerEquipment 2022-12-31 09334738 2022-01-01 2022-12-31 09334738 bus:FullAccounts 2022-01-01 2022-12-31 09334738 bus:SmallEntities 2022-01-01 2022-12-31 09334738 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09334738 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09334738 bus:Director1 2022-01-01 2022-12-31 09334738 bus:Director2 2022-01-01 2022-12-31 09334738 bus:Director3 2022-01-01 2022-12-31 09334738 core:LeaseholdImprovements core:TopRangeValue 2022-01-01 2022-12-31 09334738 core:PlantMachinery 2022-01-01 2022-12-31 09334738 core:Vehicles 2022-01-01 2022-12-31 09334738 core:ComputerEquipment 2022-01-01 2022-12-31 09334738 2021-01-01 2021-12-31 09334738 core:LeaseholdImprovements 2022-01-01 2022-12-31 09334738 core:CurrentFinancialInstruments 2022-01-01 2022-12-31 09334738 core:Non-currentFinancialInstruments 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 09334738 (England and Wales)

ACORN SCAFFOLDING LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2022
Pages for filing with the registrar

ACORN SCAFFOLDING LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2022

Contents

ACORN SCAFFOLDING LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2022
ACORN SCAFFOLDING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2022
DIRECTORS J E Austin
W David
S Rayson
REGISTERED OFFICE The Old Dairy Stanmoor Road
Burrowbridge
Bridgwater
TA7 0RX
United Kingdom
COMPANY NUMBER 09334738 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
ACORN SCAFFOLDING LIMITED

BALANCE SHEET

As at 31 December 2022
ACORN SCAFFOLDING LIMITED

BALANCE SHEET (continued)

As at 31 December 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 338,436 286,923
338,436 286,923
Current assets
Stocks 20,000 20,000
Debtors 4 62,495 70,549
Cash at bank and in hand 52,903 39,493
135,398 130,042
Creditors: amounts falling due within one year 5 ( 148,431) ( 89,557)
Net current (liabilities)/assets (13,033) 40,485
Total assets less current liabilities 325,403 327,408
Creditors: amounts falling due after more than one year 6 ( 169,420) ( 202,373)
Provision for liabilities ( 49,692) ( 34,372)
Net assets 106,291 90,663
Capital and reserves
Called-up share capital 21,000 21,000
Revaluation reserve 63,750 81,000
Profit and loss account 21,541 ( 11,337 )
Total shareholders' funds 106,291 90,663

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Acorn Scaffolding Limited (registered number: 09334738) were approved and authorised for issue by the Board of Directors on 30 September 2023. They were signed on its behalf by:

J E Austin
Director
ACORN SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
ACORN SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Acorn Scaffolding Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Dairy Stanmoor Road, Burrowbridge, Bridgwater, TA7 0RX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 13

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2022 7,326 484,580 18,790 7,644 518,340
Additions 0 73,721 44,499 582 118,802
Disposals 0 ( 3,027) 0 0 ( 3,027)
At 31 December 2022 7,326 555,274 63,289 8,226 634,115
Accumulated depreciation
At 01 January 2022 7,326 202,361 14,693 7,037 231,417
Charge for the financial year 0 53,159 12,149 391 65,699
Disposals 0 ( 1,437) 0 0 ( 1,437)
At 31 December 2022 7,326 254,083 26,842 7,428 295,679
Net book value
At 31 December 2022 0 301,191 36,447 798 338,436
At 31 December 2021 0 282,219 4,097 607 286,923

If plant and machinery was held at historic cost, the net book value would be £216,191 (2021: £182,219). The historic cost would be £455,274 (2021: £384,580) and depreciation would be £239,083 (2021: £202,361).

4. Debtors

2022 2021
£ £
Trade debtors 58,383 70,418
Other debtors 4,112 131
62,495 70,549

5. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 59,255 0
Trade creditors 26,359 6,661
Other taxation and social security 4,891 28,543
Obligations under finance leases and hire purchase contracts 9,015 400
Other creditors 48,911 53,953
148,431 89,557

Included within bank loans is an amount of which £25,000 is secured by a personal guarantee made by J Austin & W David.

6. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 136,826 202,373
Obligations under finance leases and hire purchase contracts 32,594 0
169,420 202,373

Obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

7. Financial commitments

Other financial commitments

2022 2021
£ £
Total commitments under non-cancellable operating leases not provided for in the accounts 14,117 0