Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseNo description of principal activity4045falsetrue 04038978 2022-08-01 2023-07-31 04038978 2021-08-01 2022-07-31 04038978 2023-07-31 04038978 2022-07-31 04038978 c:CompanySecretary1 2022-08-01 2023-07-31 04038978 c:Director1 2022-08-01 2023-07-31 04038978 c:Director2 2022-08-01 2023-07-31 04038978 c:Director3 2022-08-01 2023-07-31 04038978 c:RegisteredOffice 2022-08-01 2023-07-31 04038978 d:Buildings 2022-08-01 2023-07-31 04038978 d:Buildings 2023-07-31 04038978 d:Buildings 2022-07-31 04038978 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04038978 d:PlantMachinery 2022-08-01 2023-07-31 04038978 d:PlantMachinery 2023-07-31 04038978 d:PlantMachinery 2022-07-31 04038978 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04038978 d:MotorVehicles 2022-08-01 2023-07-31 04038978 d:MotorVehicles 2023-07-31 04038978 d:MotorVehicles 2022-07-31 04038978 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04038978 d:FurnitureFittings 2022-08-01 2023-07-31 04038978 d:OfficeEquipment 2022-08-01 2023-07-31 04038978 d:OfficeEquipment 2023-07-31 04038978 d:OfficeEquipment 2022-07-31 04038978 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04038978 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04038978 d:CurrentFinancialInstruments 2023-07-31 04038978 d:CurrentFinancialInstruments 2022-07-31 04038978 d:Non-currentFinancialInstruments 2023-07-31 04038978 d:Non-currentFinancialInstruments 2022-07-31 04038978 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04038978 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 04038978 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04038978 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 04038978 d:ShareCapital 2023-07-31 04038978 d:ShareCapital 2022-07-31 04038978 d:SharePremium 2023-07-31 04038978 d:SharePremium 2022-07-31 04038978 d:CapitalRedemptionReserve 2023-07-31 04038978 d:CapitalRedemptionReserve 2022-07-31 04038978 d:RetainedEarningsAccumulatedLosses 2023-07-31 04038978 d:RetainedEarningsAccumulatedLosses 2022-07-31 04038978 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 04038978 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 04038978 c:FRS102 2022-08-01 2023-07-31 04038978 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04038978 c:FullAccounts 2022-08-01 2023-07-31 04038978 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04038978 d:WithinOneYear 2023-07-31 04038978 d:WithinOneYear 2022-07-31 04038978 d:BetweenOneFiveYears 2023-07-31 04038978 d:BetweenOneFiveYears 2022-07-31 iso4217:GBP xbrli:pure
Company registration number: 04038978







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


S & K SCAFFOLDING LIMITED






































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S & K SCAFFOLDING LIMITED
 


 
COMPANY INFORMATION


Directors
Mr J P Sweeney 
Mr C J Sweeney 
Mr K P Sweeney 




Company secretary
Mrs C R Tarvin



Registered number
04038978



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Trading Address
Lotus House
Deer Park Farm Industrial Estate

Knowle Lane, Fair Oak

Eastleigh

Hampshire

SO50 7DZ






Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


S & K SCAFFOLDING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


S & K SCAFFOLDING LIMITED
REGISTERED NUMBER:04038978



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,447,640
1,544,056

  
1,447,640
1,544,056

Current assets
  

Debtors: amounts falling due within one year
 5 
1,774,560
484,042

Cash at bank and in hand
  
532,855
993,143

  
2,307,415
1,477,185

Creditors: amounts falling due within one year
 6 
(561,623)
(363,155)

Net current assets
  
 
 
1,745,792
 
 
1,114,030

Total assets less current liabilities
  
3,193,432
2,658,086

Creditors: amounts falling due after more than one year
 7 
(99,872)
(129,161)

Provisions for liabilities
  

Deferred tax
 8 
(102,148)
(125,140)

  
 
 
(102,148)
 
 
(125,140)

Net assets
  
2,991,412
2,403,785


Capital and reserves
  

Called up share capital 
  
1,006
1,006

Share premium account
  
525
525

Capital redemption reserve
  
1,001
1,001

Profit and loss account
  
2,988,880
2,401,253

  
2,991,412
2,403,785


Page 1

 


S & K SCAFFOLDING LIMITED
REGISTERED NUMBER:04038978


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J P Sweeney
Director

Date: 6 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


S & K SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

S & K Scaffolding Limited is a private company limited by shares and registered in England and Wales. The
company's registered office, registered number and trading address are included on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


S & K SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


S & K SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 40 (2022 - 45).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
1,039,050
1,011,187
384,646
47,127
2,482,010


Additions
-
-
25,950
9,385
35,335



At 31 July 2023

1,039,050
1,011,187
410,596
56,512
2,517,345



Depreciation


At 1 August 2022
-
720,437
194,495
23,022
937,954


Charge for the year on owned assets
-
72,694
54,032
5,025
131,751



At 31 July 2023

-
793,131
248,527
28,047
1,069,705



Net book value



At 31 July 2023
1,039,050
218,056
162,069
28,465
1,447,640



At 31 July 2022
1,039,050
290,750
190,151
24,105
1,544,056

Page 5

 


S & K SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
443,770
412,689

Amounts owed by group undertakings
1,251,623
-

Other debtors
22,686
11,000

Prepayments and accrued income
56,481
60,353

1,774,560
484,042



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
31,807
31,430

Trade creditors
81,879
51,601

Corporation tax
195,882
122,915

Other taxation and social security
27,516
30,700

Other creditors
128,263
103,009

Accruals and deferred income
96,276
23,500

561,623
363,155



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
99,872
129,161

99,872
129,161


Bank borrowing is secured on the Freehold Property at Loftus House 3A Deer Park Farm Industrial Estate, Knowle Lane, Horton Heath, Eastleigh, Hampshire SO50 7DZ and a fixed and floating charge over all of the company's property and undertakings.

Page 6

 


S & K SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Deferred taxation




2023


£






At beginning of year
(125,140)


Charged to profit or loss
22,992



At end of year
(102,148)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(102,148)
(125,140)

(102,148)
(125,140)


9.


Commitments under operating leases

At 31 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
12,947
8,329

Later than 1 year and not later than 5 years
12,897
11,221

25,844
19,550


10.


Related party transactions

Included within other creditors were amounts owed to the directors totalling £114,890 (2022 - £98,390). These amounts are unsecured, undated and interest free.

 
Page 7