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REGISTERED NUMBER: 06500610 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 January 2023

for

Rise Scaffold Services Limited

Rise Scaffold Services Limited (Registered number: 06500610)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Rise Scaffold Services Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R Howlett
S Pearson
K Gordon





SECRETARY:





REGISTERED OFFICE: Saddlebow Industrial Estate
Acer Road
King's Lynn
Norfolk
PE34 3HN





REGISTERED NUMBER: 06500610 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

Rise Scaffold Services Limited (Registered number: 06500610)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 406,052 363,951

CURRENT ASSETS
Stocks 54,513 54,513
Debtors 5 696,251 540,415
Cash at bank and in hand 66,979 85,727
817,743 680,655
CREDITORS
Amounts falling due within one year 6 348,940 428,609
NET CURRENT ASSETS 468,803 252,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,855

615,997

CREDITORS
Amounts falling due after more than one year 7 (168,231 ) -

PROVISIONS FOR LIABILITIES 8 (85,189 ) (78,159 )
NET ASSETS 621,435 537,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 621,335 537,738
SHAREHOLDERS' FUNDS 621,435 537,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Rise Scaffold Services Limited (Registered number: 06500610)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 June 2023 and were signed on its behalf by:





R Howlett - Director


Rise Scaffold Services Limited (Registered number: 06500610)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Rise Scaffold Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rise Scaffold Services Limited (Registered number: 06500610)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 47,862 414,651 462,513
Additions - 46,019 46,019
At 31 January 2023 47,862 460,670 508,532
DEPRECIATION
At 1 February 2022 - 98,562 98,562
Charge for year - 3,918 3,918
At 31 January 2023 - 102,480 102,480
NET BOOK VALUE
At 31 January 2023 47,862 358,190 406,052
At 31 January 2022 47,862 316,089 363,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 454,054 538,568
Other debtors 242,197 1,847
696,251 540,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,065 84,018
Trade creditors 309,331 256,577
Taxation and social security 29,544 88,014
348,940 428,609

Rise Scaffold Services Limited (Registered number: 06500610)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 68,675 -
Other creditors 99,556 -
168,231 -

8. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 85,189 78,159

Deferred
tax
£   
Balance at 1 February 2022 78,159
Charge to Income Statement during year 7,030
Accelerated capital allowances
Balance at 31 January 2023 85,189

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is 99,556 owed to R Howlett.

10. RELATED PARTY DISCLOSURES

During the year Rise Scaffold Services hired equipment from Satago (Trading) Ltd totalling £380,000. Robert Howlett is a 50% shareholder in Satago (Trading) Ltd. Rise also purchased items on behalf of Satago (Trading) Ltd and recharged items in full at cost.

Rise Scaffold Services Limited

Report of the Accountants to the Directors of
Rise Scaffold Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


31 May 2023