IRIS Accounts Production v24.2.0.383 07742181 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077421812022-08-31077421812023-08-31077421812022-09-012023-08-31077421812021-08-31077421812021-09-012022-08-31077421812022-08-3107742181ns15:EnglandWales2022-09-012023-08-3107742181ns14:PoundSterling2022-09-012023-08-3107742181ns10:Director12022-09-012023-08-3107742181ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107742181ns10:SmallEntities2022-09-012023-08-3107742181ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107742181ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107742181ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3107742181ns10:FullAccounts2022-09-012023-08-3107742181ns10:Director22022-09-012023-08-3107742181ns10:RegisteredOffice2022-09-012023-08-3107742181ns5:CurrentFinancialInstruments2023-08-3107742181ns5:CurrentFinancialInstruments2022-08-3107742181ns5:Non-currentFinancialInstruments2023-08-3107742181ns5:Non-currentFinancialInstruments2022-08-3107742181ns5:ShareCapital2023-08-3107742181ns5:ShareCapital2022-08-3107742181ns5:RetainedEarningsAccumulatedLosses2023-08-3107742181ns5:RetainedEarningsAccumulatedLosses2022-08-3107742181ns5:LeaseholdImprovements2022-09-012023-08-3107742181ns5:MotorVehicles2022-09-012023-08-3107742181ns5:ComputerEquipment2022-09-012023-08-3107742181ns5:LandBuildings2022-08-3107742181ns5:LeaseholdImprovements2022-08-3107742181ns5:MotorVehicles2022-08-3107742181ns5:ComputerEquipment2022-08-3107742181ns5:LandBuildings2022-09-012023-08-3107742181ns5:LandBuildings2023-08-3107742181ns5:LeaseholdImprovements2023-08-3107742181ns5:MotorVehicles2023-08-3107742181ns5:ComputerEquipment2023-08-3107742181ns5:LandBuildings2022-08-3107742181ns5:LeaseholdImprovements2022-08-3107742181ns5:MotorVehicles2022-08-3107742181ns5:ComputerEquipment2022-08-3107742181ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107742181ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 07742181 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Vale Scaffold Services Ltd

Vale Scaffold Services Ltd (Registered number: 07742181)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vale Scaffold Services Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Ms S L Clarbour
I C Hardwick





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 07742181 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Vale Scaffold Services Ltd (Registered number: 07742181)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 493,404 425,370

CURRENT ASSETS
Debtors 5 1,364,249 1,295,248
Cash at bank 533,995 332,836
1,898,244 1,628,084
CREDITORS
Amounts falling due within one year 6 1,392,716 1,070,258
NET CURRENT ASSETS 505,528 557,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,932

983,196

CREDITORS
Amounts falling due after more than one
year

7

(45,390

)

(23,562

)

PROVISIONS FOR LIABILITIES (60,397 ) (47,280 )
NET ASSETS 893,145 912,354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 893,045 912,254
893,145 912,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

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 23 May 2024 and were signed on its behalf by:





I C Hardwick - Director


Vale Scaffold Services Ltd (Registered number: 07742181)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Vale Scaffold Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 36 ) .

Vale Scaffold Services Ltd (Registered number: 07742181)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor Computer
property property vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 128,113 50,038 486,596 3,274 668,021
Additions - - 262,995 - 262,995
Disposals - - (215,155 ) - (215,155 )
At 31 August 2023 128,113 50,038 534,436 3,274 715,861
DEPRECIATION
At 1 September 2022 - 1,623 238,601 2,427 242,651
Charge for year - 1,001 89,053 253 90,307
Eliminated on disposal - - (110,501 ) - (110,501 )
At 31 August 2023 - 2,624 217,153 2,680 222,457
NET BOOK VALUE
At 31 August 2023 128,113 47,414 317,283 594 493,404
At 31 August 2022 128,113 48,415 247,995 847 425,370

The net book value of tangible fixed assets includes £ 171,029 (2022 - £ 122,429 ) in respect of assets held under hire purchase contracts.

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors - 32,860
Prepayments 37,630 37,286
Accrued income 200,182 241,813
237,812 311,959

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,126,437 983,289

Aggregate amounts 1,364,249 1,295,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 32,241 33,636
Trade creditors 46,018 152,456
Tax 143,874 64,338
Social security and other taxes 119,871 128,604
Other creditors 1,025,712 663,701
Accrued expenses 25,000 27,523
1,392,716 1,070,258

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 45,390 23,562