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REGISTERED NUMBER: 06779602 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED

PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED (REGISTERED NUMBER: 06779602)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: J M Jappy
B G Jappy





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 06779602 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED (REGISTERED NUMBER: 06779602)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,239 260,772

CURRENT ASSETS
Stocks 500 500
Debtors 5 79,556 51,217
Cash at bank 14,865 3,709
94,921 55,426
CREDITORS
Amounts falling due within one year 6 242,230 213,779
NET CURRENT LIABILITIES (147,309 ) (158,353 )
TOTAL ASSETS LESS CURRENT LIABILITIES 98,930 102,419

CREDITORS
Amounts falling due after more than one
year

7

58,405

82,866
NET ASSETS 40,525 19,553

CAPITAL AND RESERVES
Called up share capital 9 120,000 120,000
Retained earnings (79,475 ) (100,447 )
SHAREHOLDERS' FUNDS 40,525 19,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED (REGISTERED NUMBER: 06779602)

Balance Sheet - continued
31 MARCH 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





J M Jappy - Director


PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED (REGISTERED NUMBER: 06779602)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Prestige Scaffold and Access Solutions 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 represents net invoiced sales of services. None relates to exports.

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 - 5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern and preparing the accounts
The accounts have been prepared under a Going Concern basis, even though the balance sheet currently shows a net current liability position.

At the current time of signing, the company continues to trade and looking ahead for the foreseeable future, the company will continue to trade dependant on the continuing support of the directors.

PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED (REGISTERED NUMBER: 06779602)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

3. EMPLOYEES

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 433,038 77,048 1,005 511,091
DEPRECIATION
At 1 April 2023 179,642 69,672 1,005 250,319
Charge for year 12,689 1,844 - 14,533
At 31 March 2024 192,331 71,516 1,005 264,852
NET BOOK VALUE
At 31 March 2024 240,707 5,532 - 246,239
At 31 March 2023 253,396 7,376 - 260,772

The net book value of tangible fixed assets includes £ 28,956 (2023 - £ 76,285 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,556 45,417
Prepayments and accrued income - 5,800
79,556 51,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,332 15,494
Hire purchase contracts 9,264 8,075
Trade creditors 14,131 8,195
Social security and other taxes 6,308 2,503
VAT 16,322 8,851
Intercompany loan 116,995 116,995
Directors' current accounts 59,718 50,804
Accrued expenses 3,160 2,862
242,230 213,779

PRESTIGE SCAFFOLD AND ACCESS SOLUTIONS
LIMITED (REGISTERED NUMBER: 06779602)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 17,372 16,451
Bank loans - 2-5 years 37,876 54,737
Hire purchase contracts 3,157 11,678
58,405 82,866

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 71,580 86,682
Hire purchase contracts 12,421 19,753
84,001 106,435

Natwest Bank Plc hold a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120,000 Ordinary £1 120,000 120,000