Silverfin false false 31/07/2023 01/08/2022 31/07/2023 Richard Mair 29/11/2018 Ross Paton 04/11/2020 08 December 2023 The principal activity of the Company during the financial year was the design and construction of scaffolding. SC614974 2023-07-31 SC614974 bus:Director1 2023-07-31 SC614974 bus:Director2 2023-07-31 SC614974 core:CurrentFinancialInstruments 2023-07-31 SC614974 core:CurrentFinancialInstruments 2022-07-31 SC614974 2022-07-31 SC614974 core:ShareCapital 2023-07-31 SC614974 core:ShareCapital 2022-07-31 SC614974 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC614974 core:RetainedEarningsAccumulatedLosses 2022-07-31 SC614974 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-07-31 SC614974 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-07-31 SC614974 bus:OrdinaryShareClass1 2023-07-31 SC614974 2022-08-01 2023-07-31 SC614974 bus:FilletedAccounts 2022-08-01 2023-07-31 SC614974 bus:SmallEntities 2022-08-01 2023-07-31 SC614974 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 SC614974 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC614974 bus:Director1 2022-08-01 2023-07-31 SC614974 bus:Director2 2022-08-01 2023-07-31 SC614974 2021-08-01 2022-07-31 SC614974 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 SC614974 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC614974 (Scotland)

HTW SCAFFOLD SAFETY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH THE REGISTRAR

HTW SCAFFOLD SAFETY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2023

Contents

HTW SCAFFOLD SAFETY LIMITED

BALANCE SHEET

AS AT 31 JULY 2023
HTW SCAFFOLD SAFETY LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2023
2023 2022
£ £
Current assets
Debtors 3 3,895 9,238
Cash at bank and in hand 70,555 52,589
74,450 61,827
Creditors: amounts falling due within one year 4 ( 24,720) ( 24,050)
Net current assets 49,730 37,777
Total assets less current liabilities 49,730 37,777
Net assets 49,730 37,777
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 49,729 37,776
Total shareholders' funds 49,730 37,777

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of HTW Scaffold Safety Limited (registered number: SC614974) were approved and authorised for issue by the Director on 08 December 2023. They were signed on its behalf by:

Richard Mair
Director
Ross Paton
Director
HTW SCAFFOLD SAFETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2023
HTW SCAFFOLD SAFETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HTW Scaffold Safety Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Clava House, Cradlehall Business Park, Inverness, IV2 5GH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Trade debtors 3,603 7,824
Other debtors 292 1,414
3,895 9,238

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to related parties 10,439 10,000
Taxation and social security 6,427 6,196
Other creditors 7,854 7,854
24,720 24,050

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 0.10 each 1 1

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts due to key management personnel 6,554 6,554

Other related party transactions

2023 2022
£ £
Amounts due to other related parties 10,439 10,000