Registered number
05028483
Elite Scaffold Access Limited
Report and Accounts
31 March 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Elite Scaffold Access Limited
Registered number: 05028483
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 83,400 126,357
Current assets
Debtors 4 295,731 291,927
Cash at bank and in hand 15,441 1,786
311,172 293,713
Creditors: amounts falling due within one year 5 (153,235) (151,504)
Net current assets 157,937 142,209
Total assets less current liabilities 241,337 268,566
Creditors: amounts falling due after more than one year 6 (9,167) (19,167)
Provisions for liabilities (20,850) (25,271)
Net assets 211,320 224,128
Capital and reserves
Called up share capital 3,000 3,000
Profit and loss account 208,320 221,128
Shareholders' funds 211,320 224,128
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Park
Director
Approved by the board on 12 August 2024
Elite Scaffold Access Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 50% and 20% Straight Line
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 417,527 232,571 650,098
Additions 14,100 16,000 30,100
At 31 March 2024 431,627 248,571 680,198
Depreciation
At 1 April 2023 374,025 149,716 523,741
Charge for the year 48,340 24,717 73,057
At 31 March 2024 422,365 174,433 596,798
Net book value
At 31 March 2024 9,262 74,138 83,400
At 31 March 2023 43,502 82,855 126,357
4 Debtors 2024 2023
£ £
Trade debtors 276,335 249,833
Other debtors 19,396 42,094
295,731 291,927
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 7,771
Obligations under finance lease and hire purchase contracts 5,000 10,000
Trade creditors 32,458 62,039
Amounts owed to group undertakings and undertakings in which the company has a participating interest 91,359 45,103
Corporation tax 2,993 -
Other taxes and social security costs 16,016 26,445
Other creditors 5,409 146
153,235 151,504
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,167 19,167
Elite Scaffold Access Limited 05028483 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 J Park No description of principal activity 05028483 2022-04-01 2023-03-31 05028483 core:WithinOneYear 2023-03-31 05028483 core:AfterOneYear 2023-03-31 05028483 core:ShareCapital 2023-03-31 05028483 core:RetainedEarningsAccumulatedLosses 2023-03-31 05028483 2023-04-01 2024-03-31 05028483 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05028483 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05028483 bus:Director40 2023-04-01 2024-03-31 05028483 1 2023-04-01 2024-03-31 05028483 2 2023-04-01 2024-03-31 05028483 core:PlantMachinery 2023-04-01 2024-03-31 05028483 core:Vehicles 2023-04-01 2024-03-31 05028483 bus:FRS102 2023-04-01 2024-03-31 05028483 bus:FilletedAccounts 2023-04-01 2024-03-31 05028483 2024-03-31 05028483 core:WithinOneYear 2024-03-31 05028483 core:AfterOneYear 2024-03-31 05028483 core:ShareCapital 2024-03-31 05028483 core:RetainedEarningsAccumulatedLosses 2024-03-31 05028483 core:PlantMachinery 2024-03-31 05028483 core:Vehicles 2024-03-31 05028483 2023-03-31 05028483 core:PlantMachinery 2023-03-31 05028483 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure