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REGISTERED NUMBER: 07313167 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Curtis Scaffolding Limited

Curtis Scaffolding Limited (Registered number: 07313167)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Curtis Scaffolding Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N W Curtis
Mrs L A Curtis





REGISTERED OFFICE: Unit 1 Wheal Honey
Menheniot
Liskeard
Cornwall
PL14 3RG





REGISTERED NUMBER: 07313167 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Curtis Scaffolding Limited (Registered number: 07313167)

Balance Sheet
31 March 2023

31.3.23 31.3.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,097,301 1,155,054

CURRENT ASSETS
Debtors 5 372,702 496,032
Cash at bank 25 25
372,727 496,057
CREDITORS
Amounts falling due within one year 6 678,266 749,774
NET CURRENT LIABILITIES (305,539 ) (253,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,762

901,337

CREDITORS
Amounts falling due after more than one
year

7

(244,514

)

(413,073

)

PROVISIONS FOR LIABILITIES - (5,652 )
NET ASSETS 547,248 482,612

CAPITAL AND RESERVES
Called up share capital 134 134
Share premium 574,966 574,966
Revaluation reserve 8 294,253 294,253
Retained earnings (322,105 ) (386,741 )
SHAREHOLDERS' FUNDS 547,248 482,612

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

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

Curtis Scaffolding Limited (Registered number: 07313167)

Balance Sheet - continued
31 March 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 9 April 2024 and were signed on its behalf by:





N W Curtis - Director


Curtis Scaffolding Limited (Registered number: 07313167)

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

1. STATUTORY INFORMATION

Curtis 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 10% on cost and 2.5% on cost

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 profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 29 ) .

Curtis Scaffolding Limited (Registered number: 07313167)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,893,835
Additions 108,781
Disposals (111,586 )
At 31 March 2023 1,891,030
DEPRECIATION
At 1 April 2022 738,781
Charge for year 112,292
Eliminated on disposal (57,344 )
At 31 March 2023 793,729
NET BOOK VALUE
At 31 March 2023 1,097,301
At 31 March 2022 1,155,054

After consulting with the company's accountants, Sovereign Accounting Solutions, it became apparent that the company's plant and machinery had been excessively depreciated in the past.

It was therefore decided that the Directors review and revalue, the fair value of the company's plant and machinery, based on the estimated market value, at 1st April 2020.

The significant fair value of such assets were arrived at based on the likely replacement cost being the estimated market value.

The Directors will therefore annually review and revalue the deemed fair value of the company's plant and machinery, as necessary, based on the estimated market value.

Curtis Scaffolding Limited (Registered number: 07313167)

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

4. 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
machinery
etc
£   
COST
At 1 April 2022 698,893
Additions 17,771
Transfer to ownership (279,843 )
At 31 March 2023 436,821
DEPRECIATION
At 1 April 2022 209,814
Charge for year 39,063
Transfer to ownership (98,378 )
At 31 March 2023 150,499
NET BOOK VALUE
At 31 March 2023 286,322
At 31 March 2022 489,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
as restated
£    £   
Trade debtors 343,765 463,515
Other debtors 28,937 32,517
372,702 496,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
as restated
£    £   
Bank loans and overdrafts 39,531 49,607
Hire purchase contracts and finance leases 92,696 141,993
Trade creditors 129,686 193,034
Taxation and social security 119,970 20,400
Other creditors 296,383 344,740
678,266 749,774

Curtis Scaffolding Limited (Registered number: 07313167)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
as restated
£    £   
Hire purchase contracts and finance leases 88,264 194,037
Other creditors 156,250 219,036
244,514 413,073

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 294,253

9. RELATED PARTY DISCLOSURES

During the year, the company owed £81,521 (2022 - £89,323) to companies in which Mr and Mrs Curtis has a participating interest.

During the year, the company was owed £500 (2022 - £1,669) from companies in which Mr and Mrs Curtis has a participating interest.