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REGISTERED NUMBER: 05410994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

N T RIX SCAFFOLDING LIMITED

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N T RIX SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: N T Rix
R L Mackintosh
B T Rix





REGISTERED OFFICE: Longhill
Off Astley Avenue
DOVER
Kent
CT16 2NJ





REGISTERED NUMBER: 05410994 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 324,301 376,702
Investments 5 100 100
324,401 376,802

CURRENT ASSETS
Stocks 6 50,000 50,000
Debtors 7 438,662 477,405
488,662 527,405
CREDITORS
Amounts falling due within one year 8 767,044 623,309
NET CURRENT LIABILITIES (278,382 ) (95,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,019

280,898

CREDITORS
Amounts falling due after more than one
year

9

114,783

208,360
NET (LIABILITIES)/ASSETS (68,764 ) 72,538

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings (68,765 ) 72,537
SHAREHOLDERS' FUNDS (68,764 ) 72,538

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

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

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

BALANCE SHEET - continued
30 APRIL 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 16 January 2024 and were signed on its behalf by:





N T Rix - Director


N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

N T Rix 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office, Computer and Equipment - 15% on reducing balance
Motor vehicles - 20% 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.

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

Rentals paid under operating leases are charged to the profit and loss account over the period of the lease.

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

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 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 42 (2022 - 42 ) .

4. TANGIBLE FIXED ASSETS
Office,
Computer
and Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 May 2022 703,959 73,595 777,554
Additions 6,408 18,364 24,772
Disposals - (18,374 ) (18,374 )
At 30 April 2023 710,367 73,585 783,952
DEPRECIATION
At 1 May 2022 354,115 46,737 400,852
Charge for year 53,438 5,361 58,799
At 30 April 2023 407,553 52,098 459,651
NET BOOK VALUE
At 30 April 2023 302,814 21,487 324,301
At 30 April 2022 349,844 26,858 376,702

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 100
NET BOOK VALUE
At 30 April 2023 100
At 30 April 2022 100

The above represents the investment in a subsidiary company.

6. STOCKS
2023 2022
£    £   
Stocks 50,000 50,000

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 387,168 374,963
Other debtors - 6,670
Tax - 10,602
VAT - 36,959
Prepayments 51,494 48,211
438,662 477,405

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 152,278 182,580
Other loans 151,263 54,305
Trade creditors 170,143 275,089
Social security and other taxes 160,328 91,614
VAT 25,679 -
Other creditors 4,034 4,747
Directors' current accounts 103,319 14,974
767,044 623,309

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan due in 1-2 years 67,403 71,119
Bank loan due in 2-5 years 47,380 137,241
114,783 208,360

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 20,190 10,950
Between one and five years 52,090 20,480
In more than five years 17,267 -
89,547 31,430

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 90,759 117,344
Bank loans 176,302 273,596
267,061 390,940

The bank loan and overdraft are secured on assets of the company and by a personal guarantee given by Mr N T Rix.

12. CALLED UP SHARE CAPITAL

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

13. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. This basis may not be appropriate because the Company is showing net liabilities of £68,764 (2022 net assets £72,538) as at 30th April 2023. The Company therefore relies upon the continued support of the Directors and its associated companies. The Directors are satisfied this continued support will be forthcoming. Therefore the Directors consider it appropriate to prepare the financial statements on the going concern basis.