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REGISTERED NUMBER: 03180540 (England and Wales)















AIR SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






AIR SCAFFOLDING LIMITED (REGISTERED NUMBER: 03180540)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AIR SCAFFOLDING LIMITED

COMPANY INFORMATION
For The Year Ended 31 MAY 2023







DIRECTORS: V A Hollier
Mrs V C Morris
A J Morris





REGISTERED OFFICE: Astwood Bank Business Park
Astwood Bank
Redditch
Worcestershire
B96 6HH





REGISTERED NUMBER: 03180540 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

AIR SCAFFOLDING LIMITED (REGISTERED NUMBER: 03180540)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 658,220 496,870

CURRENT ASSETS
Debtors 5 359,968 410,755
Cash at bank 81,758 180,576
441,726 591,331
CREDITORS
Amounts falling due within one year 6 532,316 574,299
NET CURRENT (LIABILITIES)/ASSETS (90,590 ) 17,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,630

513,902

CREDITORS
Amounts falling due after more than one
year

7

(208,073

)

(199,511

)

PROVISIONS FOR LIABILITIES (120,084 ) (87,395 )
NET ASSETS 239,473 226,996

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 1 1
Retained earnings 239,372 226,895
239,473 226,996

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

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

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 30 November 2023 and were signed on its behalf by:



Mrs V C Morris - Director


AIR SCAFFOLDING LIMITED (REGISTERED NUMBER: 03180540)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MAY 2023


1. STATUTORY INFORMATION

Air Scaffolding Limited 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 an machinery-10% reducing balance
Fixture and fittings-25% reducing balance
Motor vehicles-25% reducing balance
Computer equipment-25% 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.

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 40 (2022 - 33 ) .

AIR SCAFFOLDING LIMITED (REGISTERED NUMBER: 03180540)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 723,951
Additions 207,718
Disposals (19,650 )
Reclassification/transfer (40,179 )
At 31 May 2023 871,840
DEPRECIATION
At 1 June 2022 227,081
Charge for year 45,252
Eliminated on disposal (18,534 )
Reclassification/transfer (40,179 )
At 31 May 2023 213,620
NET BOOK VALUE
At 31 May 2023 658,220
At 31 May 2022 496,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 317,680 376,180
Other debtors 42,288 34,575
359,968 410,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 44,242 42,868
Hire purchase contracts 20,152 9,089
Trade creditors 26,744 71,031
Amounts owed to group undertakings 196,746 401,513
Taxation and social security 233,322 47,298
Other creditors 11,110 2,500
532,316 574,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 151,953 196,195
Hire purchase contracts 56,120 3,316
208,073 199,511

AIR SCAFFOLDING LIMITED (REGISTERED NUMBER: 03180540)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.23 31.5.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 20,054