IRIS Accounts Production v24.1.0.578 03780689 Board of Directors Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037806892022-07-31037806892023-07-31037806892022-08-012023-07-31037806892021-07-31037806892021-08-012022-07-31037806892022-07-3103780689ns15:EnglandWales2022-08-012023-07-3103780689ns14:PoundSterling2022-08-012023-07-3103780689ns10:Director12022-08-012023-07-3103780689ns10:Director22022-08-012023-07-3103780689ns10:Director32022-08-012023-07-3103780689ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3103780689ns10:SmallEntities2022-08-012023-07-3103780689ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3103780689ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3103780689ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3103780689ns10:FullAccounts2022-08-012023-07-310378068912022-08-012023-07-3103780689ns10:OrdinaryShareClass12022-08-012023-07-3103780689ns5:CurrentFinancialInstruments2023-07-3103780689ns5:CurrentFinancialInstruments2022-07-3103780689ns5:Non-currentFinancialInstruments2023-07-3103780689ns5:Non-currentFinancialInstruments2022-07-3103780689ns5:ShareCapital2023-07-3103780689ns5:ShareCapital2022-07-3103780689ns5:RetainedEarningsAccumulatedLosses2023-07-3103780689ns5:RetainedEarningsAccumulatedLosses2022-07-3103780689ns5:PatentsTrademarksLicencesConcessionsSimilar2022-08-012023-07-3103780689ns5:PlantMachinery2022-08-012023-07-3103780689ns5:FurnitureFittings2022-08-012023-07-3103780689ns5:MotorVehicles2022-08-012023-07-3103780689ns5:IntangibleAssetsOtherThanGoodwill2022-07-3103780689ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3103780689ns5:IntangibleAssetsOtherThanGoodwill2023-07-3103780689ns5:IntangibleAssetsOtherThanGoodwill2022-07-3103780689ns5:PlantMachinery2022-07-3103780689ns5:FurnitureFittings2022-07-3103780689ns5:MotorVehicles2022-07-3103780689ns5:PlantMachinery2023-07-3103780689ns5:FurnitureFittings2023-07-3103780689ns5:MotorVehicles2023-07-3103780689ns5:PlantMachinery2022-07-3103780689ns5:FurnitureFittings2022-07-3103780689ns5:MotorVehicles2022-07-3103780689ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-3103780689ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3103780689ns5:LeasedAssetsHeldAsLessee2022-07-3103780689ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3103780689ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3103780689ns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3103780689ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3103780689ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3103780689ns5:LeasedAssetsHeldAsLessee2023-07-3103780689ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-3103780689ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3103780689ns5:LeasedAssetsHeldAsLessee2022-07-3103780689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3103780689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3103780689ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3103780689ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3103780689ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3103780689ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3103780689ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3103780689ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3103780689ns5:DeferredTaxation2022-07-3103780689ns5:DeferredTaxation2022-08-012023-07-3103780689ns5:DeferredTaxation2023-07-3103780689ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 03780689 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

TRITON SCAFFOLDING LIMITED

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Balance sheet 1

Notes to the financial statements 3


TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 500
Tangible assets 5 248,013 174,422
248,013 174,922

Current assets
Stocks 2,005 1,699
Debtors 6 276,554 379,048
Cash at bank and in hand 430,017 134,268
708,576 515,015
Creditors
Amounts falling due within one year 7 253,400 241,246
Net current assets 455,176 273,769
Total assets less current liabilities 703,189 448,691

Creditors
Amounts falling due after more than one year 8 (136,768 ) (115,296 )

Provisions for liabilities 10 (62,003 ) (33,140 )
Net assets 504,418 300,255

Capital and reserves
Called up share capital 11 100 100
Retained earnings 504,318 300,155
Shareholders' funds 504,418 300,255

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

BALANCE SHEET - continued
31 JULY 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:




Mr P Challis - Director Mr G Lafferty - Director




Mrs S Challis - Director


TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. Statutory information

Triton Scaffolding Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03780689. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and business address is Four Acres, Careys Road, Bournemouth, Dorset, BH8 0DT.

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 represents income generated from the hiring out and erection of scaffolding, net of VAT where applicable.

Patents & licences
Amortisation is being charged on intangible assets over their deemed useful lives of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 22 (2022 - 23 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 August 2022
and 31 July 2023 5,000
Amortisation
At 1 August 2022 4,500
Charge for year 500
At 31 July 2023 5,000
Net book value
At 31 July 2023 -
At 31 July 2022 500

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2022 299,827 5,901 225,160 530,888
Additions 16,467 - 148,114 164,581
Disposals (5,253 ) - (87,025 ) (92,278 )
At 31 July 2023 311,041 5,901 286,249 603,191
Depreciation
At 1 August 2022 169,253 2,527 184,686 356,466
Charge for year 21,540 506 41,028 63,074
Eliminated on disposal (1,810 ) - (62,552 ) (64,362 )
At 31 July 2023 188,983 3,033 163,162 355,178
Net book value
At 31 July 2023 122,058 2,868 123,087 248,013
At 31 July 2022 130,574 3,374 40,474 174,422

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 August 2022 34,847 48,314 83,161
Additions - 148,114 148,114
Transfer to ownership - (48,314 ) (48,314 )
At 31 July 2023 34,847 148,114 182,961
Depreciation
At 1 August 2022 5,227 33,027 38,254
Charge for year 4,443 37,028 41,471
Transfer to ownership - (33,027 ) (33,027 )
At 31 July 2023 9,670 37,028 46,698
Net book value
At 31 July 2023 25,177 111,086 136,263
At 31 July 2022 29,620 15,287 44,907

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 218,744 275,086
Other debtors 39,166 76,974
VAT 15,050 -
Prepayments and accrued income 3,594 26,988
276,554 379,048

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 26,667 15,439
Other loans 22,467 20,317
Hire purchase contracts and finance leases 32,530 29,619
Trade creditors 28,704 44,330
Tax 93,905 79,809
Social security and other taxes 18,958 19,018
VAT - 4,037
Other creditors 3,967 4,085
Directors' current accounts 21,797 20,397
Accruals and deferred income 4,405 4,195
253,400 241,246

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 13,333 15,439
Bank loans - 2-5 years - 28,304
Other loans - 1-2 years 24,844 22,467
Other loans - 2-5 years - 24,844
Hire purchase contracts and finance leases 98,591 24,242
136,768 115,296

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 131,121 53,861

Amounts owing under hire purchase and finance lease agreements are secured against the assets to which they relate.

All amounts owing to HSBC Bank PLC are secured against all the assets of the company by way of a charge dated 24 July 2020.

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 62,003 33,140

Deferred
tax
£   
Balance at 1 August 2022 33,140
Provided during year 28,863
Balance at 31 July 2023 62,003

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. Ultimate controlling party

The company is controlled by the directors, Mr G Lafferty, Mr P Challis and Mrs S Challis, who between them own 100% of the voting share capital of the company.