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REGISTERED NUMBER: 04515667 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BOURNEMOUTH SCAFFOLDING LIMITED

BOURNEMOUTH SCAFFOLDING LIMITED (REGISTERED NUMBER: 04515667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


BOURNEMOUTH SCAFFOLDING LIMITED (REGISTERED NUMBER: 04515667)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 134,233 147,780

Current assets
Debtors 5 224,009 195,271
Cash at bank 458,681 473,562
682,690 668,833
Creditors
Amounts falling due within one year 6 101,664 77,404
Net current assets 581,026 591,429
Total assets less current liabilities 715,259 739,209

Creditors
Amounts falling due after more than one year 7 (14,900 ) (15,588 )

Provisions for liabilities 8 (31,587 ) (34,848 )
Net assets 668,772 688,773

Capital and reserves
Called up share capital 9 3 3
Retained earnings 668,769 688,770
Shareholders' funds 668,772 688,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




Mrs S O'Hara - Director


BOURNEMOUTH SCAFFOLDING LIMITED (REGISTERED NUMBER: 04515667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Bournemouth Scaffolding Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04515667. The registered office and business address is 14 Townsville Road, Moordown, Bournemouth, Dorset, BH9 3HL.

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 represents amounts receivable from the hire of scaffolding, net of VAT and trade discounts.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

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.

BOURNEMOUTH SCAFFOLDING LIMITED (REGISTERED NUMBER: 04515667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 499,937 7,737 147,252 6,568 661,494
Additions 20,833 - 11,499 - 32,332
Disposals - - (2,708 ) - (2,708 )
At 31 March 2024 520,770 7,737 156,043 6,568 691,118
Depreciation
At 1 April 2023 413,121 2,786 92,070 5,737 513,714
Charge for year 26,912 1,238 16,456 416 45,022
Eliminated on disposal - - (1,851 ) - (1,851 )
At 31 March 2024 440,033 4,024 106,675 6,153 556,885
Net book value
At 31 March 2024 80,737 3,713 49,368 415 134,233
At 31 March 2023 86,816 4,951 55,182 831 147,780

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 11,500
At 31 March 2024 11,500
Depreciation
Charge for year 2,875
At 31 March 2024 2,875
Net book value
At 31 March 2024 8,625

BOURNEMOUTH SCAFFOLDING LIMITED (REGISTERED NUMBER: 04515667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 100,223 49,487
Other debtors 5,610 24,598
Directors' loan accounts 118,176 121,186
224,009 195,271

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 6,063 5,913
Hire purchase contracts 966 -
Trade creditors 4,202 36
Tax 48,901 51,182
Autoenrolment pension
liability 735 781
Wages creditor 4,461 -
VAT 30,801 11,526
Other creditors - 2,630
Accruals 5,535 5,336
101,664 77,404

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 6,213 6,063
Bank loans - 2-5 years 3,225 9,525
Hire purchase contracts 5,462 -
14,900 15,588

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 31,587 34,848

Deferred
tax
£   
Balance at 1 April 2023 34,848
Credit to Income statement during year (3,261 )
Balance at 31 March 2024 31,587

BOURNEMOUTH SCAFFOLDING LIMITED (REGISTERED NUMBER: 04515667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1.00 2 2
1 Ordinary B £1.00 1 1
3 3

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr G O'Hara
Balance outstanding at start of year 60,593 (296 )
Amounts advanced 82,800 153,194
Amounts repaid (84,305 ) (92,305 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,088 60,593

Mrs S O'Hara
Balance outstanding at start of year 60,593 (296 )
Amounts advanced 82,800 153,194
Amounts repaid (84,305 ) (92,305 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,088 60,593

At the balance sheet date the directors, Mr G O'Hara and Mrs S O'Hara, each owed the company £59,088 (2023: £60,593) The amounts outstanding at the balance sheet date are repaid in full within nine months of the year end.

11. Ultimate controlling party

The company is controlled by the directors, Mr and Mrs O'Hara, who own 100% of the issued share capital.