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REGISTERED NUMBER: 07212170 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Carrington Scaffolding Limited

Carrington Scaffolding Limited (Registered number: 07212170)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Carrington Scaffolding Limited (Registered number: 07212170)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 206,339 216,297
206,339 216,297

CURRENT ASSETS
Debtors 6 197,466 319,283
Cash at bank 120,388 291,649
317,854 610,932
CREDITORS
Amounts falling due within one year 7 281,001 231,185
NET CURRENT ASSETS 36,853 379,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,192

596,044

CREDITORS
Amounts falling due after more than
one year

8

(115,600

)

(160,454

)

PROVISIONS FOR LIABILITIES (39,204 ) (41,096 )
NET ASSETS 88,388 394,494

CAPITAL AND RESERVES
Called up share capital 4,800 4,800
Retained earnings 83,588 389,694
SHAREHOLDERS' FUNDS 88,388 394,494

Carrington Scaffolding Limited (Registered number: 07212170)

Balance Sheet - continued
31st March 2023


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

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

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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th August 2023 and were signed on its behalf by:




Mr A C Potts - Director



Mrs Z M Potts - Director


Carrington Scaffolding Limited (Registered number: 07212170)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Carrington Scaffolding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07212170

Registered office: Unit 2B
Norton Industrial Estate
Bellerton Lane
Stoke on Trent
Staffordshire
ST6 8ED

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Computer equipment - 15% on reducing balance

Government grants
Government grants are recognised as revenue in the profit and loss when it becomes receivable.


Carrington Scaffolding Limited (Registered number: 07212170)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss account, 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.

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 20 (2022 - 29 ) .

Carrington Scaffolding Limited (Registered number: 07212170)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 120,000
AMORTISATION
At 1st April 2022
and 31st March 2023 120,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 194,771 21,702 80,116 4,050 300,639
Additions 31,289 - 10,000 1,333 42,622
Disposals - - (10,850 ) - (10,850 )
At 31st March 2023 226,060 21,702 79,266 5,383 332,411
DEPRECIATION
At 1st April 2022 53,409 6,022 23,264 1,647 84,342
Charge for year 43,163 2,352 6,180 560 52,255
Eliminated on disposal - - (10,525 ) - (10,525 )
At 31st March 2023 96,572 8,374 18,919 2,207 126,072
NET BOOK VALUE
At 31st March 2023 129,488 13,328 60,347 3,176 206,339
At 31st March 2022 141,362 15,680 56,852 2,403 216,297

Carrington Scaffolding Limited (Registered number: 07212170)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 156,667 300,357
Amounts owed by group undertakings 8,750 -
Other debtors 32,049 18,926
197,466 319,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 43,994 39,897
Trade creditors 39,285 66,383
Taxation and social security 163,636 101,778
Other creditors 34,086 23,127
281,001 231,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 115,600 160,454

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,037 18,842

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year - 18,192

Carrington Scaffolding Limited (Registered number: 07212170)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
Mr CM Potts
Balance outstanding at start of year - 6,431
Amounts repaid - (6,431 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Carrington Scaffolding Holdings Limited.