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REGISTERED NUMBER: 04690450 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,064,766 1,014,525

CURRENT ASSETS
Work in progress 181,807 93,596
Debtors 5 337,705 512,637
Cash at bank and in hand 26,624 15,806
546,136 622,039
CREDITORS
Amounts falling due within one year 6 620,008 651,599
NET CURRENT LIABILITIES (73,872 ) (29,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,894

984,965

CREDITORS
Amounts falling due after more than one
year

7

(92,204

)

(157,344

)

PROVISIONS FOR LIABILITIES (254,490 ) (178,882 )
NET ASSETS 644,200 648,739

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 644,100 648,639
SHAREHOLDERS' FUNDS 644,200 648,739

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Mr M R Bacon - Director


ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Advanced Scaffolding (Southwest) 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: 04690450

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% 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 work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.


ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2022 - 64 ) .

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 October 2022 2,198,350 376,597 5,888 2,580,835
Additions 207,468 63,085 - 270,553
Disposals - (37,007 ) - (37,007 )
At 30 September 2023 2,405,818 402,675 5,888 2,814,381
DEPRECIATION
At 1 October 2022 1,311,074 250,653 4,583 1,566,310
Charge for year 164,211 44,459 431 209,101
Eliminated on disposal - (25,796 ) - (25,796 )
At 30 September 2023 1,475,285 269,316 5,014 1,749,615
NET BOOK VALUE
At 30 September 2023 930,533 133,359 874 1,064,766
At 30 September 2022 887,276 125,944 1,305 1,014,525

The net book value of tangible fixed assets includes £ 66,432 (2022 - £ 48,242 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 306,577 480,199
Other debtors 31,128 32,438
337,705 512,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 47,303 71,934
Hire purchase contracts (see note 8) 37,023 27,558
Trade creditors 234,005 247,073
Taxation and social security 86,411 102,155
Other creditors 215,266 202,879
620,008 651,599

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 15,579 23,125
Other creditors 76,625 134,219
92,204 157,344

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 37,023 27,558
Between one and five years 15,579 23,125
52,602 50,683

Non-cancellable operating leases
2023 2022
£    £   
Within one year 217,066 -
Between one and five years 382,844 -
599,910 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 52,602 50,683