Acorah Software Products - Accounts Production 15.0.600 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08888208 Mr Shane Hastings Mr Paul Ferguson Mr Shane Hastings iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08888208 2023-04-30 08888208 2024-04-30 08888208 2023-05-01 2024-04-30 08888208 frs-core:CurrentFinancialInstruments 2024-04-30 08888208 frs-core:Non-currentFinancialInstruments 2024-04-30 08888208 frs-core:BetweenOneFiveYears 2024-04-30 08888208 frs-core:ComputerEquipment 2024-04-30 08888208 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08888208 frs-core:ComputerEquipment 2023-04-30 08888208 frs-core:FurnitureFittings 2024-04-30 08888208 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08888208 frs-core:FurnitureFittings 2023-04-30 08888208 frs-core:MotorVehicles 2024-04-30 08888208 frs-core:MotorVehicles 2023-05-01 2024-04-30 08888208 frs-core:MotorVehicles 2023-04-30 08888208 frs-core:PlantMachinery 2024-04-30 08888208 frs-core:PlantMachinery 2023-05-01 2024-04-30 08888208 frs-core:PlantMachinery 2023-04-30 08888208 frs-core:WithinOneYear 2024-04-30 08888208 frs-core:ShareCapital 2024-04-30 08888208 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08888208 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08888208 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08888208 frs-bus:SmallEntities 2023-05-01 2024-04-30 08888208 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08888208 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08888208 frs-bus:Director1 2023-05-01 2024-04-30 08888208 frs-bus:Director2 2023-05-01 2024-04-30 08888208 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 08888208 frs-countries:EnglandWales 2023-05-01 2024-04-30 08888208 2022-04-30 08888208 2023-04-30 08888208 2022-05-01 2023-04-30 08888208 frs-core:CurrentFinancialInstruments 2023-04-30 08888208 frs-core:Non-currentFinancialInstruments 2023-04-30 08888208 frs-core:BetweenOneFiveYears 2023-04-30 08888208 frs-core:WithinOneYear 2023-04-30 08888208 frs-core:ShareCapital 2023-04-30 08888208 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08888208
Colossus Scaffolding UK Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Swann Accounting Limited
First Floor Offices Rock-A-Nore Road
Hastings
TN34 3DW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08888208
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 729,979 680,071
729,979 680,071
CURRENT ASSETS
Debtors 5 142,762 171,547
Cash at bank and in hand 7,481 233
150,243 171,780
Creditors: Amounts Falling Due Within One Year 6 (228,169 ) (273,527 )
NET CURRENT ASSETS (LIABILITIES) (77,926 ) (101,747 )
TOTAL ASSETS LESS CURRENT LIABILITIES 652,053 578,324
Creditors: Amounts Falling Due After More Than One Year 7 (227,627 ) (209,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (173,317 ) (159,059 )
NET ASSETS 251,109 209,432
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 250,909 209,232
SHAREHOLDERS' FUNDS 251,109 209,432
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For the year ending 30 April 2024 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 directors acknowledge their 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 Shane Hastings
Director
16/08/2024
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
Colossus Scaffolding UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08888208 . The registered office is Office 7 15-20 Gresley Road, St Leonards On Sea, East Sussex, TN38 9PL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 1,039,345 172,344 - 3,652 1,215,341
Additions 292,373 - 1,017 - 293,390
As at 30 April 2024 1,331,718 172,344 1,017 3,652 1,508,731
Depreciation
As at 1 May 2023 485,510 48,014 - 1,746 535,270
Provided during the period 211,089 31,082 254 1,057 243,482
As at 30 April 2024 696,599 79,096 254 2,803 778,752
Net Book Value
As at 30 April 2024 635,119 93,248 763 849 729,979
As at 1 May 2023 553,835 124,330 - 1,906 680,071
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,362 105,556
VAT 43,400 65,991
142,762 171,547
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 74,951 43,049
Trade creditors 39,196 101,320
Bank loans and overdrafts 5,268 5,268
Corporation tax 46,467 59
Other taxes and social security 6,663 8,274
Other creditors 55,576 102,289
Accruals and deferred income - 4,320
Directors' loan accounts 48 8,948
228,169 273,527
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 197,575 174,541
Bank loans 30,052 35,292
227,627 209,833
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 74,951 43,049
Later than one year and not later than five years 197,575 174,541
272,526 217,590
272,526 217,590
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
10. Related Party Transactions
Directors current accounts exist and at the year end the directors Mr S Hastings and Mr P Ferguson were owed £43 and £5 respectively by the company. There is no interest charged on these amounts and they are repayable upon demand. 
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