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REGISTERED NUMBER: 03621649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Southborough Scaffold Services Ltd

Southborough Scaffold Services Ltd (Registered number: 03621649)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southborough Scaffold Services Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G L Beeney
Ms C P Stevens





SECRETARY: G L Beeney





REGISTERED OFFICE: Stone House
Cousley Wood
Wadhurst
East Sussex
TN5 6EP





REGISTERED NUMBER: 03621649 (England and Wales)





ACCOUNTANTS: Hayes & Co.
Halbrook House,
Pluckley Road,
Charing,
Ashford,
Kent
TN27 0AQ

Southborough Scaffold Services Ltd (Registered number: 03621649)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,374 179,950

CURRENT ASSETS
Stocks 13,041 13,963
Debtors 5 84,916 68,558
Cash at bank 348,267 268,063
446,224 350,584
CREDITORS
Amounts falling due within one year 6 62,133 45,123
NET CURRENT ASSETS 384,091 305,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,465

485,411

PROVISIONS FOR LIABILITIES 7 (37,732 ) (34,190 )

ACCRUALS AND DEFERRED INCOME (2,039 ) (1,730 )
NET ASSETS 519,694 449,491

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 519,692 449,489
SHAREHOLDERS' FUNDS 519,694 449,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Southborough Scaffold Services Ltd (Registered number: 03621649)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:




G L Beeney - Director



Ms C P Stevens - Director


Southborough Scaffold Services Ltd (Registered number: 03621649)

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

1. STATUTORY INFORMATION

Southborough Scaffold Services 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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 - 5 ) .

Southborough Scaffold Services Ltd (Registered number: 03621649)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022 277,721
Additions 7,005
At 31 August 2023 284,726
DEPRECIATION
At 1 September 2022 97,771
Charge for year 11,581
At 31 August 2023 109,352
NET BOOK VALUE
At 31 August 2023 175,374
At 31 August 2022 179,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 79,666 58,680
Prepayments and accrued income 5,250 9,878
84,916 68,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 7,188 4,180
Corporation Tax 35,483 17,375
Social security and other taxes 18,975 23,519
Other creditors 487 49
62,133 45,123

7. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 37,732 34,190

Deferred
tax
£   
Balance at 1 September 2022 34,190
Provided during year 3,542
Balance at 31 August 2023 37,732

Southborough Scaffold Services Ltd (Registered number: 03621649)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 September 2022 449,489
Profit for the year 123,203
Dividends (53,000 )
At 31 August 2023 519,692

10. RELATED PARTY DISCLOSURES

The company is controlled by the directors.