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REGISTERED NUMBER: 07062688 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 October 2023

for

K1 Scaffolding Ltd

K1 Scaffolding Ltd (Registered number: 07062688)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K1 Scaffolding Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J King





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 07062688 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

K1 Scaffolding Ltd (Registered number: 07062688)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,879 123,314

CURRENT ASSETS
Debtors 5 36,589 24,122
Cash at bank 226,093 217,031
262,682 241,153
CREDITORS
Amounts falling due within one year 6 69,027 59,557
NET CURRENT ASSETS 193,655 181,596
TOTAL ASSETS LESS CURRENT LIABILITIES 367,534 304,910

PROVISIONS FOR LIABILITIES 43,470 23,430
NET ASSETS 324,064 281,480

CAPITAL AND RESERVES
Called up share capital 7 5 5
Retained earnings 8 324,059 281,475
SHAREHOLDERS' FUNDS 324,064 281,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 February 2024 and were signed by:





J King - Director


K1 Scaffolding Ltd (Registered number: 07062688)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

K1 Scaffolding Ltd 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.

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 - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

K1 Scaffolding Ltd (Registered number: 07062688)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022 225,526
Additions 69,167
At 31 October 2023 294,693
DEPRECIATION
At 1 November 2022 102,212
Charge for year 18,602
At 31 October 2023 120,814
NET BOOK VALUE
At 31 October 2023 173,879
At 31 October 2022 123,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 30,486 17,472
Tax 4,425 5,561
Prepayments 1,678 1,089
36,589 24,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 13,536 21,387
Social security and other taxes 2,221 1,662
VAT 8,470 6,152
Directors' current accounts 43,370 29,056
Accrued expenses 1,430 1,300
69,027 59,557

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
5 Ordinary £1 5 5

K1 Scaffolding Ltd (Registered number: 07062688)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RESERVES
Retained
earnings
£   

At 1 November 2022 281,475
Profit for the year 80,343
Dividends (37,759 )
At 31 October 2023 324,059