Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr R Cathrae 20/02/2014 Mr T Cathrae 20/02/2014 21 February 2024 The principal activity of the Company during the financial year was the hire and erection of scaffolding equipment. 08904378 2023-03-31 08904378 bus:Director1 2023-03-31 08904378 bus:Director2 2023-03-31 08904378 2022-03-31 08904378 core:CurrentFinancialInstruments 2023-03-31 08904378 core:CurrentFinancialInstruments 2022-03-31 08904378 core:ShareCapital 2023-03-31 08904378 core:ShareCapital 2022-03-31 08904378 core:RetainedEarningsAccumulatedLosses 2023-03-31 08904378 core:RetainedEarningsAccumulatedLosses 2022-03-31 08904378 core:PlantMachinery 2022-03-31 08904378 core:Vehicles 2022-03-31 08904378 core:PlantMachinery 2023-03-31 08904378 core:Vehicles 2023-03-31 08904378 bus:OrdinaryShareClass1 2023-03-31 08904378 2022-04-01 2023-03-31 08904378 bus:FullAccounts 2022-04-01 2023-03-31 08904378 bus:SmallEntities 2022-04-01 2023-03-31 08904378 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08904378 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08904378 bus:Director1 2022-04-01 2023-03-31 08904378 bus:Director2 2022-04-01 2023-03-31 08904378 core:PlantMachinery 2022-04-01 2023-03-31 08904378 core:Vehicles 2022-04-01 2023-03-31 08904378 2021-04-01 2022-03-31 08904378 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08904378 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08904378 (England and Wales)

CORNWALL SCAFFOLDING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CORNWALL SCAFFOLDING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CORNWALL SCAFFOLDING LIMITED

BALANCE SHEET

As at 31 March 2023
CORNWALL SCAFFOLDING LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 11,982 14,392
11,982 14,392
Current assets
Debtors 4 251,643 40,014
Cash at bank and in hand 13,453 11,894
265,096 51,908
Creditors: amounts falling due within one year 5 ( 78,426) ( 79,045)
Net current assets/(liabilities) 186,670 (27,137)
Total assets less current liabilities 198,652 (12,745)
Provision for liabilities ( 2,996) ( 2,715)
Net assets/(liabilities) 195,656 ( 15,460)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 195,556 ( 15,560 )
Total shareholders' funds/(deficit) 195,656 ( 15,460)

For the financial year ending 31 March 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 Cornwall Scaffolding Limited (registered number: 08904378) were approved and authorised for issue by the Board of Directors on 21 February 2024. They were signed on its behalf by:

Mr R Cathrae
Director
CORNWALL SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CORNWALL SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Cornwall Scaffolding Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, England, United Kingdom. The principal place of business is Unit1, St Georges Manor, Nanpean, St Austell, PL26 7YN, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2022 28,653 11,050 39,703
At 31 March 2023 28,653 11,050 39,703
Accumulated depreciation
At 01 April 2022 16,769 8,542 25,311
Charge for the financial year 1,783 627 2,410
At 31 March 2023 18,552 9,169 27,721
Net book value
At 31 March 2023 10,101 1,881 11,982
At 31 March 2022 11,884 2,508 14,392

4. Debtors

2023 2022
£ £
Trade debtors 66,336 28,172
Other debtors 185,307 11,842
251,643 40,014

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 4,282
Taxation and social security 75,576 44,452
Other creditors 2,850 30,311
78,426 79,045

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts owed by/(to) connected companies 135,818 (28,111)

The directors of Cornwall Scaffolding Limited, Mr R Cathrae and Mr T Cathrae own 100% of the shareholding in TJR Scaffolding Limited. For the year ended 31 March 2023 Cornwall Scaffolding Limited was owed £135,818 (2022 - (£28,111)) by this connected company.