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REGISTERED NUMBER: 03138479 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Crossway Scaffolding (Elland) Limited

Crossway Scaffolding (Elland) Limited (Registered number: 03138479)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 310
Tangible assets 5 3,558,908 3,310,378
3,558,908 3,310,688

CURRENT ASSETS
Debtors 6 1,377,538 1,399,059
Cash at bank and in hand 958,117 91,122
2,335,655 1,490,181
CREDITORS
Amounts falling due within one year 7 1,607,544 638,022
NET CURRENT ASSETS 728,111 852,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,287,019

4,162,847

CREDITORS
Amounts falling due after more than one
year

8

(159,336

)

(333,340

)

PROVISIONS FOR LIABILITIES (670,000 ) (435,000 )
NET ASSETS 3,457,683 3,394,507

CAPITAL AND RESERVES
Called up share capital 11 754 754
Share premium 324 324
Capital redemption reserve 251 251
Retained earnings 3,456,354 3,393,178
SHAREHOLDERS' FUNDS 3,457,683 3,394,507

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.

Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





S Fearnehough - Director


Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Crossway Scaffolding (Elland) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03138479

Registered office: Pennine View
Dewsbury Road
Elland
West Yorkshire
HX5 9JU

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Intangible assets
Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Improvement to
property

- 30 years straight line

Plant & machinery- 15 years straight line
Motor vehicles- 25% or 20% straight line
Fixtures & fittings - 15% straight line
Computer equipment- 33% straight line
Tools & equipment- 25% 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 at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.


Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and that of directors' personal pension schemes are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an Annual General Meeting.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2023 - 72 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 26,443
AMORTISATION
At 1 April 2023 26,133
Charge for year 310
At 31 March 2024 26,443
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 310

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,233,309
Additions 763,184
Disposals (313,502 )
At 31 March 2024 7,682,991
DEPRECIATION
At 1 April 2023 3,922,931
Charge for year 389,675
Eliminated on disposal (188,523 )
At 31 March 2024 4,124,083
NET BOOK VALUE
At 31 March 2024 3,558,908
At 31 March 2023 3,310,378

The net book value of tangible fixed assets includes £ 590,680 (2023 - £ 561,944 ) in respect of assets held under hire purchase contracts.

Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,209,689 1,234,705
Other debtors 167,849 164,354
1,377,538 1,399,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 217,378 221,021
Trade creditors 700,204 274,530
Taxation and social security 212,843 58,809
Other creditors 477,119 83,662
1,607,544 638,022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 159,336 329,357
Trade creditors - 3,983
159,336 333,340

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 217,378 221,021
Between one and five years 159,336 329,357
376,714 550,378

Non-cancellable operating leases
2024 2023
£    £   
Within one year 47,760 36,396
Between one and five years 46,538 68,477
94,298 104,873

Crossway Scaffolding (Elland) Limited (Registered number: 03138479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 376,714 550,378

The company has a bank overdraft facility which is secured by a debenture dated 27 July 2005.

Amounts owed under hire purchase contracts included within current and non-current creditors are secured upon the assets to which the contracts relate.

11. CALLED UP SHARE CAPITAL

2024 2023
£ £
Allotted, issued and fully paid 754 754