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REGISTERED NUMBER: 03656306 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th November 2023

for

Advance Scaffolding (Lancashire) Ltd

Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advance Scaffolding (Lancashire) Ltd

Company Information
for the year ended 30th November 2023







DIRECTOR: Mr D Ashmore





SECRETARY: Mrs C Ashmore





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 03656306 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,906,888 2,267,627

CURRENT ASSETS
Debtors 5 558,227 506,255
Cash at bank 1,673 47
559,900 506,302
CREDITORS
Amounts falling due within one year 6 871,261 996,563
NET CURRENT LIABILITIES (311,361 ) (490,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,595,527

1,777,366

CREDITORS
Amounts falling due after more than one
year

7

(258,401

)

(552,058

)

PROVISIONS FOR LIABILITIES (290,553 ) (305,504 )
NET ASSETS 1,046,573 919,804

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,046,473 919,704
SHAREHOLDERS' FUNDS 1,046,573 919,804

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

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

Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)

Balance Sheet - continued
30th November 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 16th April 2024 and were signed by:





Mr D Ashmore - Director


Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Advance Scaffolding (Lancashire) 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.

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 - 10% on reducing balance
Motor vehicles - 20% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives.

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

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.

Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 58 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 4,737,305 265,670 5,002,975
Additions 34,607 - 34,607
Disposals (176,146 ) - (176,146 )
At 30th November 2023 4,595,766 265,670 4,861,436
DEPRECIATION
At 1st December 2022 2,535,587 199,761 2,735,348
Charge for year 206,018 13,182 219,200
At 30th November 2023 2,741,605 212,943 2,954,548
NET BOOK VALUE
At 30th November 2023 1,854,161 52,727 1,906,888
At 30th November 2022 2,201,718 65,909 2,267,627

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 1st December 2022 750,736 39,534 790,270
Transfer to ownership (252,812 ) - (252,812 )
At 30th November 2023 497,924 39,534 537,458
DEPRECIATION
At 1st December 2022 62,654 19,293 81,947
Charge for year 68,809 4,048 72,857
Transfer to ownership (59,412 ) - (59,412 )
At 30th November 2023 72,051 23,341 95,392
NET BOOK VALUE
At 30th November 2023 425,873 16,193 442,066
At 30th November 2022 688,082 20,241 708,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,955 133,213
Other debtors 420,272 373,042
558,227 506,255

Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,899 44,615
Hire purchase contracts and finance leases (see note 8)
152,724

320,685
Trade creditors 176,281 222,624
Taxation and social security 211,506 103,524
Other creditors 266,851 305,115
871,261 996,563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 8,964
Hire purchase contracts and finance leases (see note 8)
53,860

174,051
Other creditors 204,541 369,043
258,401 552,058

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year 45,339 210,156 107,385 110,529
Between one and five years 26,418 50,153 27,442 123,898
71,757 260,309 134,827 234,427

Non-cancellable operating leases
2023 2022
£    £   
Within one year 119,287 188,791
Between one and five years 14,992 128,048
134,279 316,839

Advance Scaffolding (Lancashire) Ltd (Registered number: 03656306)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 54,497 34,615
Other loans 407,299 664,167
Hire purchase contracts and finance leases 206,584 494,736
668,380 1,193,518

The other loans are secured by a fixed and floating charge over the assets of the company.
The director and company secretary have provided personal guarantees in respect of the other loans.
The bank loan required no security or personal guarantees.

10. RELATED PARTY DISCLOSURES

Advance Scaffolding Solutions Limited is a company related by common control. During the accounting period Advance Scaffolding (Lancashire) Limited loaned Advance Scaffolding Solutions Limited monies, on which no interest is charged by agreement. The balance outstanding on this loan at the accounting period end of £317,976 (2022 - £280,192) is included in other debtors due within one year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Ashmore.