Registered number
06516747
Performance Scaffolding Limited
Unaudited Filleted Accounts
28 February 2023
Performance Scaffolding Limited
Registered number: 06516747
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 406,957 200,186
Current assets
Debtors 4 335,425 249,644
Cash at bank and in hand 815,034 386,449
1,150,459 636,093
Creditors: amounts falling due within one year 5 (467,250) (204,282)
Net current assets 683,209 431,811
Total assets less current liabilities 1,090,166 631,997
Provisions for liabilities (74,000) (16,900)
Net assets 1,016,166 615,097
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 1,016,066 614,997
Shareholder's funds 1,016,166 615,097
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S J Fogarty
Director
Approved by the board on 28 November 2023
Performance Scaffolding Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants are credited to the profit and loss account under the accruals model and recognised in other operating income when the grant proceeds become receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings No depreciation charged
Plant and machinery 10% to 50% straight line
and 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 107,790 357,517 124,338 589,645
Additions - 246,282 88,729 335,011
Disposals - (117,721) (21,250) (138,971)
At 28 February 2023 107,790 486,078 191,817 785,685
Depreciation
At 1 March 2022 - 284,426 105,033 389,459
Charge for the year - 99,030 26,380 125,410
On disposals - (117,406) (18,735) (136,141)
At 28 February 2023 - 266,050 112,678 378,728
Net book value
At 28 February 2023 107,790 220,028 79,139 406,957
At 28 February 2022 107,790 73,091 19,305 200,186
4 Debtors 2023 2022
£ £
Trade debtors 176,094 110,215
Prepayments and accrued income 690 521
Other debtors 158,641 138,908
335,425 249,644
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,255 11,633
Corporation tax 43,609 3,236
Other taxes and social security costs 5,986 5,466
Accruals and deferred income 399,963 175,460
Other creditors 2,437 8,487
467,250 204,282
6 Share capital 2023 2022
£ £
Allotted, called up and fully paid:
Ordinary shares 100 100
7 Company information
Performance Scaffolding Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Ground Floor, Advance House
9 Waterfall Lane Trading Estate
Cradley Heath
West Midlands
B64 6PU
Its registered number is: 06516747
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