Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01truefalseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12973185 2022-11-01 2023-10-31 12973185 2021-11-01 2022-10-31 12973185 2023-10-31 12973185 2022-10-31 12973185 c:Director2 2022-11-01 2023-10-31 12973185 d:PlantMachinery 2022-11-01 2023-10-31 12973185 d:PlantMachinery 2023-10-31 12973185 d:PlantMachinery 2022-10-31 12973185 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12973185 d:MotorVehicles 2022-11-01 2023-10-31 12973185 d:MotorVehicles 2023-10-31 12973185 d:MotorVehicles 2022-10-31 12973185 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12973185 d:OfficeEquipment 2022-11-01 2023-10-31 12973185 d:OfficeEquipment 2023-10-31 12973185 d:OfficeEquipment 2022-10-31 12973185 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12973185 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12973185 d:CurrentFinancialInstruments 2023-10-31 12973185 d:CurrentFinancialInstruments 2022-10-31 12973185 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12973185 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12973185 d:ShareCapital 2023-10-31 12973185 d:ShareCapital 2022-10-31 12973185 d:RetainedEarningsAccumulatedLosses 2023-10-31 12973185 d:RetainedEarningsAccumulatedLosses 2022-10-31 12973185 c:FRS102 2022-11-01 2023-10-31 12973185 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12973185 c:FullAccounts 2022-11-01 2023-10-31 12973185 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12973185 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12973185









SCAFF-CO (SCAFFOLDING COMPANY) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
REGISTERED NUMBER: 12973185

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
139,594
121,739

  
139,594
121,739

Current assets
  

Stocks
  
25,408
25,408

Debtors: amounts falling due within one year
 5 
177,059
160,256

Cash at bank and in hand
 6 
2,262
8,381

  
204,729
194,045

Creditors: amounts falling due within one year
 7 
(366,622)
(317,294)

Net current liabilities
  
 
 
(161,893)
 
 
(123,249)

Total assets less current liabilities
  
(22,299)
(1,510)

  

Net liabilities
  
(22,299)
(1,510)


Capital and reserves
  

Called up share capital 
  
50
50

Profit and loss account
  
(22,349)
(1,560)

  
(22,299)
(1,510)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.


Page 1

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
REGISTERED NUMBER: 12973185
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023



................................................
Lee Rush
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.Accounting policies (continued)

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


2.


General information

Scaff-Co (Scaffolding Company) Limited is a private company limited by shares, registered in the United Kingdom number 12973185. Its registered office is 10 Hemingway Garth, Leeds, LS10 2PG
During the period, the principal activity of the company was that of Scaffolding. 


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
107,514
23,400
527
131,441


Additions
33,052
42,200
83
75,335


Disposals
-
(12,000)
-
(12,000)



At 31 October 2023

140,566
53,600
610
194,776



Depreciation


At 1 November 2022
8,820
698
183
9,701


Charge for the year on owned assets
31,189
14,090
202
45,481



At 31 October 2023

40,009
14,788
385
55,182



Net book value



At 31 October 2023
100,557
38,812
225
139,594



At 31 October 2022
98,694
22,702
343
121,739


5.


Debtors

2023
2022
£
£


Trade debtors
35,496
81,156

Other debtors
141,563
79,100

177,059
160,256



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,262
8,381

2,262
8,381


Page 6

 
SCAFF-CO (SCAFFOLDING COMPANY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
(15,590)
-

Trade creditors
6,102
4,787

Other taxation and social security
96,335
13,658

Other creditors
278,071
297,349

Accruals and deferred income
1,704
1,500

366,622
317,294


 
Page 7