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REGISTERED NUMBER: 05234518 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Newark Scaffold Limited

Newark Scaffold Limited (Registered number: 05234518)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newark Scaffold Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J S Harris
Miss M K Harris
J T Harris





REGISTERED OFFICE: 15 Newland
Lincoln
LN1 1XG





REGISTERED NUMBER: 05234518 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Newark Scaffold Limited (Registered number: 05234518)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,629 20,664

CURRENT ASSETS
Debtors 5 94,349 85,761
Cash at bank 10,151 2,947
104,500 88,708
CREDITORS
Amounts falling due within one year 6 111,303 97,501
NET CURRENT LIABILITIES (6,803 ) (8,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,826

11,871

PROVISIONS FOR LIABILITIES 7 3,570 2,199
NET ASSETS 5,256 9,672

CAPITAL AND RESERVES
Called up share capital 8 70 70
Retained earnings 5,186 9,602
SHAREHOLDERS' FUNDS 5,256 9,672

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by:





Mrs J S Harris - Director


Newark Scaffold Limited (Registered number: 05234518)

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

1. STATUTORY INFORMATION

Newark Scaffold Limited 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 5 ) .

Newark Scaffold Limited (Registered number: 05234518)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 206,727 45,685 2,701 255,113
Additions - - 188 188
At 31 December 2023 206,727 45,685 2,889 255,301
DEPRECIATION
At 1 January 2023 193,491 38,736 2,222 234,449
Charge for year 3,318 1,737 168 5,223
At 31 December 2023 196,809 40,473 2,390 239,672
NET BOOK VALUE
At 31 December 2023 9,918 5,212 499 15,629
At 31 December 2022 13,236 6,949 479 20,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,005 19,606
Other debtors 67,344 66,155
94,349 85,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,770 1,807
Taxation and social security 6,894 3,947
Other creditors 100,639 91,747
111,303 97,501

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,570 2,199

Deferred
tax
£   
Balance at 1 January 2023 2,199
Charge to Income Statement during year 1,371
Balance at 31 December 2023 3,570

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
70 Ordinary 1 70 70

Newark Scaffold Limited (Registered number: 05234518)

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

9. ULTIMATE CONTROLLING PARTY

The parent company is Harrmony Investments Limited. The director, Mrs J S Harris is a person of significant control of Harrmony Investments Limited.