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REGISTERED NUMBER: 08351601 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

JOHN CURLEY SCAFFOLDING (WALES) LIMITED

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOHN CURLEY SCAFFOLDING (WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr J S Curley
Mr J P Curley





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 08351601 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 236,593 207,952

CURRENT ASSETS
Debtors 5 216,205 181,335
Cash at bank and in hand 20,052 3,102
236,257 184,437
CREDITORS
Amounts falling due within one year 6 282,742 143,852
NET CURRENT (LIABILITIES)/ASSETS (46,485 ) 40,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,108

248,537

CREDITORS
Amounts falling due after more than one
year

7

(170,716

)

(186,888

)

PROVISIONS FOR LIABILITIES (34,753 ) (38,573 )
NET (LIABILITIES)/ASSETS (15,361 ) 23,076

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (15,362 ) 23,075
SHAREHOLDERS' FUNDS (15,361 ) 23,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 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 24 October 2023 and were signed on its behalf by:




Mr J S Curley - Director



Mr J P Curley - Director


JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

John Curley Scaffolding (Wales) 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.

Going Concern
The company directors continually review the financial position of the company, and in particular rising running costs of the business. To assist, the company secured additional financial support during the year.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

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

The company recognises income based upon the progression of the contract at each month end, and raises the income based upon the agreed proportion of the contract value.

Accrued income is recognised where relevant.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 21 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2022 382,277
Additions 98,444
Disposals (51,050 )
At 28 February 2023 429,671
DEPRECIATION
At 1 March 2022 174,325
Charge for year 36,737
Eliminated on disposal (17,984 )
At 28 February 2023 193,078
NET BOOK VALUE
At 28 February 2023 236,593
At 28 February 2022 207,952

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 291,078
Additions 81,006
At 28 February 2023 372,084
DEPRECIATION
At 1 March 2022 133,299
Charge for year 31,777
At 28 February 2023 165,076
NET BOOK VALUE
At 28 February 2023 207,008
At 28 February 2022 157,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 63,194 45,582
Amounts recoverable on contract 117,653 69,800
Other debtors 35,358 65,953
216,205 181,335

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts (see note 8) - 13,234
Hire purchase contracts (see note 9) 21,733 41,717
Trade creditors 8,426 9,688
Taxation and social security 15,617 7,702
Other creditors 236,966 71,511
282,742 143,852

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts (see note 9) 51,209 -
Other creditors 119,507 186,888
170,716 186,888

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. LOANS

An analysis of the maturity of loans is given below:

28/2/23 28/2/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 13,234
Other loans 104,052 55,561
104,052 68,795

Amounts falling due between one and two years:
Other loans - 1-2 years 119,507 60,612
Other loans 2-5 years - 126,276
119,507 186,888

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

28/2/23 28/2/22
£    £   
Net obligations repayable:
Within one year 21,733 41,717
Between one and five years 51,209 -
72,942 41,717

10. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank overdraft - 13,234
Hire purchase contracts 72,942 41,717
Other Loans 223,559 242,449
296,501 297,400

Hire purchase liabilities are secured against the assets to which they relate.

The other loans are secured by a mixture of a personal guarantee and the government under the Coronavirus Business Interruption Loan scheme.

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
4 Ordinary 25p 1 1

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28/2/23 28/2/22
£    £   
Mr J S Curley
Balance outstanding at start of year - 10,500
Amounts repaid - (10,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Included within "Other Creditors", amounts payable within one year, is amounts owed to the company directors totalling £97,375.