Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr Alan Cookson 12/10/2010 25 January 2024 The principal activity of the company in the year under review was that of hire of scaffolding. 07405232 2023-10-31 07405232 bus:Director1 2023-10-31 07405232 2022-10-31 07405232 core:CurrentFinancialInstruments 2023-10-31 07405232 core:CurrentFinancialInstruments 2022-10-31 07405232 core:ShareCapital 2023-10-31 07405232 core:ShareCapital 2022-10-31 07405232 core:RetainedEarningsAccumulatedLosses 2023-10-31 07405232 core:RetainedEarningsAccumulatedLosses 2022-10-31 07405232 core:LandBuildings 2022-10-31 07405232 core:PlantMachinery 2022-10-31 07405232 core:Vehicles 2022-10-31 07405232 core:FurnitureFittings 2022-10-31 07405232 core:ComputerEquipment 2022-10-31 07405232 core:LandBuildings 2023-10-31 07405232 core:PlantMachinery 2023-10-31 07405232 core:Vehicles 2023-10-31 07405232 core:FurnitureFittings 2023-10-31 07405232 core:ComputerEquipment 2023-10-31 07405232 bus:OrdinaryShareClass1 2023-10-31 07405232 2022-11-01 2023-10-31 07405232 bus:FilletedAccounts 2022-11-01 2023-10-31 07405232 bus:SmallEntities 2022-11-01 2023-10-31 07405232 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07405232 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07405232 bus:Director1 2022-11-01 2023-10-31 07405232 core:LandBuildings core:TopRangeValue 2022-11-01 2023-10-31 07405232 core:PlantMachinery core:TopRangeValue 2022-11-01 2023-10-31 07405232 core:Vehicles 2022-11-01 2023-10-31 07405232 core:FurnitureFittings core:TopRangeValue 2022-11-01 2023-10-31 07405232 core:ComputerEquipment core:TopRangeValue 2022-11-01 2023-10-31 07405232 2021-11-01 2022-10-31 07405232 core:LandBuildings 2022-11-01 2023-10-31 07405232 core:PlantMachinery 2022-11-01 2023-10-31 07405232 core:FurnitureFittings 2022-11-01 2023-10-31 07405232 core:ComputerEquipment 2022-11-01 2023-10-31 07405232 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 07405232 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07405232 (England and Wales)

GABLES SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH THE REGISTRAR

GABLES SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023

Contents

GABLES SCAFFOLDING LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
GABLES SCAFFOLDING LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
DIRECTOR Mr Alan Cookson
REGISTERED OFFICE Richard House
Winckley Square
Preston
PR1 3HP
United Kingdom
COMPANY NUMBER 07405232 (England and Wales)
ACCOUNTANT MHA
Richard House
9 Winckley Square
Preston
Lancashire
PR1 3HP
GABLES SCAFFOLDING LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2023
GABLES SCAFFOLDING LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 158,727 224,871
158,727 224,871
Current assets
Debtors 4 285,160 294,950
Cash at bank and in hand 98,527 77,794
383,687 372,744
Creditors: amounts falling due within one year 5 ( 298,054) ( 218,411)
Net current assets 85,633 154,333
Total assets less current liabilities 244,360 379,204
Provision for liabilities 6 ( 32,469) ( 48,356)
Net assets 211,891 330,848
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 211,791 330,748
Total shareholder's funds 211,891 330,848

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Gables Scaffolding Limited (registered number: 07405232) were approved and authorised for issue by the Director on 25 January 2024. They were signed on its behalf by:

Mr Alan Cookson
Director
GABLES SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
GABLES SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gables Scaffolding Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Richard House, Winckley Square, Preston, PR1 3HP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 7 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 7 years straight line
Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 26 25

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 November 2022 36,075 398,873 88,899 4,521 11,740 540,108
Additions 195 1,280 0 0 2,822 4,297
At 31 October 2023 36,270 400,153 88,899 4,521 14,562 544,405
Accumulated depreciation
At 01 November 2022 592 247,671 54,273 3,028 9,673 315,237
Charge for the financial year 722 59,376 8,656 644 1,043 70,441
At 31 October 2023 1,314 307,047 62,929 3,672 10,716 385,678
Net book value
At 31 October 2023 34,956 93,106 25,970 849 3,846 158,727
At 31 October 2022 35,483 151,202 34,626 1,493 2,067 224,871

4. Debtors

2023 2022
£ £
Trade debtors 262,650 270,179
Other debtors 22,510 24,771
285,160 294,950

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 37,500
Trade creditors 14,613 21,748
Amounts owed to Group undertakings 400 5,533
Taxation and social security 205,711 102,999
Other creditors 77,330 50,631
298,054 218,411

6. Provision for liabilities

2023 2022
£ £
Deferred tax 32,469 48,356

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

Gables Property Holdings Ltd
Club Street, Bamber Bridge, Preston PR5 6FN