Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11077419 Mr Kevin Collins Mrs Margaret Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11077419 2022-12-31 11077419 2023-12-31 11077419 2023-01-01 2023-12-31 11077419 frs-core:CurrentFinancialInstruments 2023-12-31 11077419 frs-core:Non-currentFinancialInstruments 2023-12-31 11077419 frs-core:ComputerEquipment 2023-12-31 11077419 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11077419 frs-core:ComputerEquipment 2022-12-31 11077419 frs-core:FurnitureFittings 2023-12-31 11077419 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11077419 frs-core:FurnitureFittings 2022-12-31 11077419 frs-core:MotorVehicles 2023-12-31 11077419 frs-core:MotorVehicles 2023-01-01 2023-12-31 11077419 frs-core:MotorVehicles 2022-12-31 11077419 frs-core:PlantMachinery 2023-12-31 11077419 frs-core:PlantMachinery 2023-01-01 2023-12-31 11077419 frs-core:PlantMachinery 2022-12-31 11077419 frs-core:ShareCapital 2023-12-31 11077419 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11077419 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11077419 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11077419 frs-bus:SmallEntities 2023-01-01 2023-12-31 11077419 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11077419 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11077419 frs-bus:Director1 2023-01-01 2023-12-31 11077419 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11077419 frs-core:Non-currentFinancialInstruments 1 2023-12-31 11077419 frs-core:Non-currentFinancialInstruments 2 2023-12-31 11077419 frs-core:Non-currentFinancialInstruments 3 2023-12-31 11077419 frs-countries:EnglandWales 2023-01-01 2023-12-31 11077419 2021-12-31 11077419 2022-12-31 11077419 2022-01-01 2022-12-31 11077419 frs-core:CurrentFinancialInstruments 2022-12-31 11077419 frs-core:Non-currentFinancialInstruments 2022-12-31 11077419 frs-core:ShareCapital 2022-12-31 11077419 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11077419 frs-core:Non-currentFinancialInstruments 1 2022-12-31 11077419 frs-core:Non-currentFinancialInstruments 2 2022-12-31 11077419 frs-core:CurrentFinancialInstruments 3 2022-12-31 11077419 frs-core:Non-currentFinancialInstruments 3 2022-12-31
Registered number: 11077419
Scaffold Structures Ltd
Financial Statements
For The Year Ended 31 December 2023
Dawes Accountants Limited
ICAEW
100 Queen Street
Newton Abbot
TQ12 2EU
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11077419
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 326,872 236,497
326,872 236,497
CURRENT ASSETS
Stocks 5 209 190
Debtors 6 34,253 36,323
Cash at bank and in hand 46,561 66,374
81,023 102,887
Creditors: Amounts Falling Due Within One Year 7 (101,411 ) (110,417 )
NET CURRENT ASSETS (LIABILITIES) (20,388 ) (7,530 )
TOTAL ASSETS LESS CURRENT LIABILITIES 306,484 228,967
Creditors: Amounts Falling Due After More Than One Year 8 (67,426 ) (46,229 )
NET ASSETS 239,058 182,738
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 238,958 182,638
SHAREHOLDERS' FUNDS 239,058 182,738
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kevin Collins
Director
15/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Scaffold Structures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11077419 . The registered office is 16 Laurie Avenue, Newton Abbot, TQ12 1NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 11)
12 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 270,607 39,645 - 883 311,135
Additions 102,214 16,795 4,041 - 123,050
As at 31 December 2023 372,821 56,440 4,041 883 434,185
Depreciation
As at 1 January 2023 58,222 15,982 - 434 74,638
Provided during the period 26,080 6,365 141 89 32,675
As at 31 December 2023 84,302 22,347 141 523 107,313
Net Book Value
As at 31 December 2023 288,519 34,093 3,900 360 326,872
As at 1 January 2023 212,385 23,663 - 449 236,497
5. Stocks
2023 2022
£ £
Stock 209 190
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,763 29,030
Prepayments and accrued income 4,002 3,625
VAT 488 3,668
34,253 36,323
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,787 -
Bank loans and overdrafts 19,630 16,400
Corporation tax 21,558 15,966
Other taxes and social security 6,194 4,179
Wages Control 292 292
Pension Liability - (237 )
Accruals and deferred income 300 384
Director's loan account 47,650 73,433
101,411 110,417
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,726 26,629
Shareholders loan - P Doe 11,200 9,200
Shareholders loan - B Kimble 11,200 9,200
Shareholders Loan - Kelvin Collin 11,300 1,200
67,426 46,229
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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