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REGISTERED NUMBER: 04158010 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

ASW Scaffolding Limited

ASW Scaffolding Limited (Registered number: 04158010)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASW Scaffolding Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S M White





SECRETARY: Mrs D White





REGISTERED OFFICE: Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF





REGISTERED NUMBER: 04158010 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

ASW Scaffolding Limited (Registered number: 04158010)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 844,563 899,985

CURRENT ASSETS
Debtors 5 1,027,513 1,152,129
Cash at bank 3,594,512 2,334,341
4,622,025 3,486,470
CREDITORS
Amounts falling due within one year 6 320,993 296,090
NET CURRENT ASSETS 4,301,032 3,190,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,145,595

4,090,365

CAPITAL AND RESERVES
Called up share capital 7 500 500
Retained earnings 5,145,095 4,089,865
SHAREHOLDERS' FUNDS 5,145,595 4,090,365

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:




S M White - Director


ASW Scaffolding Limited (Registered number: 04158010)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

ASW Scaffolding 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.

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 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.

ASW Scaffolding Limited (Registered number: 04158010)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 6,660,982 9,139 1,089,713 86,140 7,845,974
Additions 494,348 - - 835 495,183
Disposals (383,730 ) (6,535 ) (25,750 ) (54,585 ) (470,600 )
At 28 February 2023 6,771,600 2,604 1,063,963 32,390 7,870,557
DEPRECIATION
At 1 March 2022 6,117,810 6,559 757,513 64,107 6,945,989
Charge for year 419,290 122 82,212 2,230 503,854
Eliminated on disposal (356,106 ) (4,448 ) (22,397 ) (40,898 ) (423,849 )
At 28 February 2023 6,180,994 2,233 817,328 25,439 7,025,994
NET BOOK VALUE
At 28 February 2023 590,606 371 246,635 6,951 844,563
At 28 February 2022 543,172 2,580 332,200 22,033 899,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 709,741 850,344
Other debtors 317,772 301,785
1,027,513 1,152,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 26,563 82,545
Taxation and social security 290,371 208,374
Other creditors 4,059 5,171
320,993 296,090

ASW Scaffolding Limited (Registered number: 04158010)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1,000 Ordinary 50p shares 50p 500 500