2023-05-01 01731033 2024-04-30 01731033 2023-05-01 2024-04-30 01731033 2023-04-30 01731033 2022-05-01 2023-04-30 01731033 uk-core:WithinOneYear 2023-04-30 01731033 uk-core:WithinOneYear 2024-04-30 01731033 uk-core:AfterOneYear 2023-04-30 01731033 uk-core:AfterOneYear 2024-04-30 01731033 uk-core:ShareCapital 2024-04-30 01731033 uk-core:ShareCapital 2023-04-30 01731033 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 01731033 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 01731033 uk-core:OtherMiscellaneousReserve 2024-04-30 01731033 uk-bus:Director1 2023-05-01 2024-04-30 01731033 uk-core:PlantMachinery 2023-05-01 2024-04-30 01731033 uk-core:ToolsEquipment 2023-05-01 2024-04-30 01731033 uk-core:FurnitureFittings 2023-05-01 2024-04-30 01731033 uk-core:AfterOneYear uk-core:Secured 2024-04-30 01731033 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 01731033 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01731033 uk-bus:FRS102 2023-05-01 2024-04-30 01731033 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 01731033 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Allied Scaffolding Limited
Registered Number:01731033
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Allied Scaffolding Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
01731033
As at 30 April 2024
Allied Scaffolding Limited
Abridged Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
27,842
19,143
27,842
19,143
Current assets
Inventories
582,369
462,592
2
Trade and other receivables
1,756,353
1,384,813
50,067
Cash and cash equivalents
237
1,847,642
2,388,789
Trade and other payables: amounts falling due within one year
(2,636,218)
(1,921,468)
(247,429)
(73,826)
Net current liabilities
Total assets less current liabilities
(45,984)
(228,286)
Trade and other payables: amounts falling due after more than one year
(23,237)
(13,266)
3
(59,250)
Net liabilities
(251,523)
Capital and reserves
Called up share capital
81
81
Retained earnings
(59,350)
(251,623)
Other reserves
19
19
(59,250)
(251,523)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 4
4
Registered Number :
01731033
For the year ended 30 April 2024
Allied Scaffolding Limited
Abridged Statement of Financial Position Continued
Mr J R Bracken Director
These financial statements were approved and authorised for issue by the Board on 27 August 2024 and were signed by:
The notes form part of these financial statements
2 of 4
5
For the year ended 30 April 2024
Allied Scaffolding Limited
Notes to the Financial Statements
Statutory Information
Allied Scaffolding Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 01731033.
Registered address:
Chamber Business Centre
Chamber Road
OLDHAM
OL8 4QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable
amount, to provide for any further liabilities that may arise and to reclassify fixed assets and long-term liabilities as current liabilities.
The financial position of the company is supported by Allied Developments (M/CR) Limited, the parent company. The directors have
indicated that they have no wish to withdraw this support for the foreseeable future.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% per annum on cost
33% per annum on cost
Computer equipment
15% per annum on cost
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Inventories
2023
2024
£
£
Stocks
462,592
582,369
3 of 4
6
For the year ended 30 April 2024
Allied Scaffolding Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
13,266
23,237
4. Related party transactions
Included within creditors is a balance of £173,352 (2023: £567,646) due to Allied Developments (M/CR) Ltd, which is the parent company,
by virtue of holding 100% of the share capital.
Included within debtors is a balance of £50,679 (2023: £30,522) due from Allied Mastclimbers & Hoists Ltd, which is 100% subsidiary of
Allied Developments (M/CR) Ltd.
5. Average number of persons employed
During the year the average number of employees was 82 (2023 : 89)
6. Parent-subsidiary relationship
The company is a wholly owned subsidiary of Allied Developments (M/CR) Ltd whose registered address is: Chambers Business Centre, Chamber Road, Oldham, OL8 4QQ
4 of 4