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REGISTERED NUMBER: 12187503 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Safe Access Scaffold Ltd

Safe Access Scaffold Ltd (Registered number: 12187503)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safe Access Scaffold Ltd

Company Information
for the Year Ended 30 September 2023







Director: Mr H C Regan





Registered office: The Depot
Yarmouth Road
Blofield
Great Yarmouth
Norfolk
NR13 4DS





Registered number: 12187503 (England and Wales)





Accountants: Stephenson Smart (East Anglia) Limited
Queens Head House
The Street
Acle
Norwich
Norfolk
NR13 3DY

Safe Access Scaffold Ltd (Registered number: 12187503)

Balance Sheet
30 September 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 170,788 181,323

Current assets
Debtors 5 132,528 94,343
Cash at bank 38 36,069
132,566 130,412
Creditors
Amounts falling due within one year 6 (76,555 ) (101,832 )
Net current assets 56,011 28,580
Total assets less current liabilities 226,799 209,903

Creditors
Amounts falling due after more than one
year

7

(73,278

)

(64,696

)

Provisions for liabilities (42,963 ) (28,969 )
Net assets 110,558 116,238

Capital and reserves
Called up share capital 10 10
Retained earnings 110,548 116,228
110,558 116,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Safe Access Scaffold Ltd (Registered number: 12187503)

Balance Sheet - continued
30 September 2023


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 13 March 2024 and were signed by:





Mr H C Regan - Director


Safe Access Scaffold Ltd (Registered number: 12187503)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. Statutory information

Safe Access Scaffold 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.

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.

Turnover includes revenue earned from the sale of goods and from rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sales of goods
Turnover from sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Safe Access Scaffold Ltd (Registered number: 12187503)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Safe Access Scaffold Ltd (Registered number: 12187503)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 October 2022 257,162
Additions 40,499
Disposals (18,550 )
At 30 September 2023 279,111
Depreciation
At 1 October 2022 75,839
Charge for year 44,125
Eliminated on disposal (11,641 )
At 30 September 2023 108,323
Net book value
At 30 September 2023 170,788
At 30 September 2022 181,323

Safe Access Scaffold Ltd (Registered number: 12187503)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
Cost
At 1 October 2022 54,882
Additions 36,300
Disposals (8,250 )
At 30 September 2023 82,932
Depreciation
At 1 October 2022 9,264
Charge for year 16,179
Eliminated on disposal (3,878 )
At 30 September 2023 21,565
Net book value
At 30 September 2023 61,367
At 30 September 2022 45,618

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 126,066 68,463
Other debtors 6,462 25,880
132,528 94,343

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 8,198 6,389
Hire purchase contracts 15,497 12,656
Trade creditors 19,689 34,099
Taxation and social security 10,697 1
Other creditors 22,474 48,687
76,555 101,832

Safe Access Scaffold Ltd (Registered number: 12187503)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 9,960 15,960
Hire purchase contracts 43,918 25,836
Other creditors 19,400 22,900
73,278 64,696

8. Related party disclosures

Included within other creditors is a loan from the director's mother. The loan is interest free with no formal repayment terms. At the year end, the outstanding balance was £19,400 (2022 £22,900).