Silverfin false false 31/01/2024 01/02/2023 31/01/2024 A J Glynn 31/05/2024 03/12/2008 A M Glynn 06/04/2016 J M Glynn 03/12/2008 S A Glynn 03/12/2008 01 August 2024 The principal activity of the Company during the financial year was the renting of scaffolding equipment and provision of scaffolding services. 06765113 2024-01-31 06765113 bus:Director1 2024-01-31 06765113 bus:Director2 2024-01-31 06765113 bus:Director3 2024-01-31 06765113 bus:Director4 2024-01-31 06765113 2023-01-31 06765113 core:CurrentFinancialInstruments 2024-01-31 06765113 core:CurrentFinancialInstruments 2023-01-31 06765113 core:Non-currentFinancialInstruments 2024-01-31 06765113 core:Non-currentFinancialInstruments 2023-01-31 06765113 core:ShareCapital 2024-01-31 06765113 core:ShareCapital 2023-01-31 06765113 core:RetainedEarningsAccumulatedLosses 2024-01-31 06765113 core:RetainedEarningsAccumulatedLosses 2023-01-31 06765113 core:LandBuildings 2023-01-31 06765113 core:OtherPropertyPlantEquipment 2023-01-31 06765113 core:LandBuildings 2024-01-31 06765113 core:OtherPropertyPlantEquipment 2024-01-31 06765113 bus:OrdinaryShareClass1 2024-01-31 06765113 bus:OrdinaryShareClass2 2024-01-31 06765113 bus:OrdinaryShareClass3 2024-01-31 06765113 bus:OrdinaryShareClass4 2024-01-31 06765113 2023-02-01 2024-01-31 06765113 bus:FilletedAccounts 2023-02-01 2024-01-31 06765113 bus:SmallEntities 2023-02-01 2024-01-31 06765113 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06765113 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06765113 bus:Director1 2023-02-01 2024-01-31 06765113 bus:Director2 2023-02-01 2024-01-31 06765113 bus:Director3 2023-02-01 2024-01-31 06765113 bus:Director4 2023-02-01 2024-01-31 06765113 core:LandBuildings core:TopRangeValue 2023-02-01 2024-01-31 06765113 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 06765113 2022-02-01 2023-01-31 06765113 core:LandBuildings 2023-02-01 2024-01-31 06765113 core:Non-currentFinancialInstruments 2023-02-01 2024-01-31 06765113 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 06765113 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 06765113 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 06765113 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 06765113 bus:OrdinaryShareClass3 2023-02-01 2024-01-31 06765113 bus:OrdinaryShareClass3 2022-02-01 2023-01-31 06765113 bus:OrdinaryShareClass4 2023-02-01 2024-01-31 06765113 bus:OrdinaryShareClass4 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06765113 (England and Wales)

TONY GLYNN SCAFFOLDING LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

TONY GLYNN SCAFFOLDING LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

TONY GLYNN SCAFFOLDING LIMITED

BALANCE SHEET

As at 31 January 2024
TONY GLYNN SCAFFOLDING LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 193,193 204,887
193,193 204,887
Current assets
Stocks 800 950
Debtors 4 130,441 130,749
Cash at bank and in hand 5,434 18,161
136,675 149,860
Creditors: amounts falling due within one year 5 ( 110,098) ( 106,648)
Net current assets 26,577 43,212
Total assets less current liabilities 219,770 248,099
Creditors: amounts falling due after more than one year 6 ( 19,922) ( 52,188)
Provision for liabilities ( 20,101) ( 22,219)
Net assets 179,747 173,692
Capital and reserves
Called-up share capital 7 12 12
Profit and loss account 179,735 173,680
Total shareholders' funds 179,747 173,692

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tony Glynn Scaffolding Limited (registered number: 06765113) were approved and authorised for issue by the Board of Directors on 01 August 2024. They were signed on its behalf by:

J M Glynn
Director
TONY GLYNN SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
TONY GLYNN SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
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

Tony Glynn 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 Farthings Spicerscombe, Aveton Gifford, Kingsbridge, TQ7 4NE, 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 £.

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.

Revenue from services is recognised as they are delivered.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery etc. 25 % reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 8

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 February 2023 117,023 316,343 433,366
Additions 1,402 12,503 13,905
At 31 January 2024 118,425 328,846 447,271
Accumulated depreciation
At 01 February 2023 0 228,479 228,479
Charge for the financial year 2,354 23,245 25,599
At 31 January 2024 2,354 251,724 254,078
Net book value
At 31 January 2024 116,071 77,122 193,193
At 31 January 2023 117,023 87,864 204,887

4. Debtors

2024 2023
£ £
Trade debtors 55,724 39,808
Other debtors 74,717 90,941
130,441 130,749

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 38,756 30,572
Trade creditors 425 1,298
Taxation and social security 67,666 72,028
Other creditors 3,251 2,750
110,098 106,648

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 19,922 52,188

The bank overdraft is secured over the assets of the company.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5 Ordinary A shares of £ 1.00 each 5 5
1 Ordinary B share of £ 1.00 1 1
5 Ordinary C shares of £ 1.00 each 5 5
1 Ordinary D share of £ 1.00 1 1
12 12

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Opening balance 68,145 52,495
Advances to director 101,445 127,030
Repayments by director (117,489) (111,380)
Closing balance 52,101 68,145

Director's loan account on which interest is charged at a rate of 2% up to 6 April 2023 and 2.25% thereafter.