IRIS Accounts Production v24.2.0.383 09905608 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099056082022-12-31099056082023-12-31099056082023-01-012023-12-31099056082021-12-31099056082022-01-012022-12-31099056082022-12-3109905608ns15:EnglandWales2023-01-012023-12-3109905608ns14:PoundSterling2023-01-012023-12-3109905608ns10:Director12023-01-012023-12-3109905608ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109905608ns10:SmallEntities2023-01-012023-12-3109905608ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109905608ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109905608ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109905608ns10:FullAccounts2023-01-012023-12-3109905608ns10:OrdinaryShareClass12023-01-012023-12-3109905608ns5:CurrentFinancialInstruments2023-12-3109905608ns5:CurrentFinancialInstruments2022-12-3109905608ns5:Non-currentFinancialInstruments2023-12-3109905608ns5:Non-currentFinancialInstruments2022-12-3109905608ns5:ShareCapital2023-12-3109905608ns5:ShareCapital2022-12-3109905608ns5:RetainedEarningsAccumulatedLosses2023-12-3109905608ns5:RetainedEarningsAccumulatedLosses2022-12-3109905608ns5:PlantMachinery2023-01-012023-12-3109905608ns5:MotorVehicles2023-01-012023-12-3109905608ns5:ComputerEquipment2023-01-012023-12-3109905608ns5:PlantMachinery2022-12-3109905608ns5:MotorVehicles2022-12-3109905608ns5:ComputerEquipment2022-12-3109905608ns5:PlantMachinery2023-12-3109905608ns5:MotorVehicles2023-12-3109905608ns5:ComputerEquipment2023-12-3109905608ns5:PlantMachinery2022-12-3109905608ns5:MotorVehicles2022-12-3109905608ns5:ComputerEquipment2022-12-3109905608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3109905608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3109905608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3109905608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3109905608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109905608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109905608ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3109905608ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3109905608ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3109905608ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3109905608ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109905608ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109905608ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3109905608ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3109905608ns5:HirePurchaseContracts2023-12-3109905608ns5:HirePurchaseContracts2022-12-3109905608ns5:WithinOneYear2023-12-3109905608ns5:WithinOneYear2022-12-3109905608ns5:BetweenOneFiveYears2023-12-3109905608ns5:BetweenOneFiveYears2022-12-3109905608ns5:AllPeriods2023-12-3109905608ns5:AllPeriods2022-12-3109905608ns5:DeferredTaxation2022-12-3109905608ns5:DeferredTaxation2023-01-012023-12-3109905608ns5:DeferredTaxation2023-12-3109905608ns10:OrdinaryShareClass12023-12-31099056081ns10:Director12022-12-31099056081ns10:Director12021-12-31099056081ns10:Director12023-01-012023-12-31099056081ns10:Director12022-01-012022-12-31099056081ns10:Director12023-12-31099056081ns10:Director12022-12-31
REGISTERED NUMBER: 09905608 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UPRIGHT SCAFFOLDING SERVICES LTD

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 106,002 101,718

Current assets
Stocks 8,550 5,800
Debtors 5 1,588 26,147
Cash in hand 5,000 -
15,138 31,947
Creditors
Amounts falling due within one year 6 65,178 65,645
Net current liabilities (50,040 ) (33,698 )
Total assets less current liabilities 55,962 68,020

Creditors
Amounts falling due after more than one year 7 (31,230 ) (46,311 )

Provisions for liabilities 10 (21,571 ) (19,326 )
Net assets 3,161 2,383

Capital and reserves
Called up share capital 11 1 1
Retained earnings 3,160 2,382
Shareholders' funds 3,161 2,383

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 director acknowledges his 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 director and authorised for issue on 6 September 2024 and were signed by:



Mr S Morrison - Director


UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

Upright Scaffolding Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09905608. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Southlands, Nadderwater, Exeter, EX4 2JH.

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 income receivable from scaffold erection, net of VAT and all 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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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.

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 286,401 88,533 6,353 381,287
Additions 38,126 8,000 - 46,126
Disposals - (26,950 ) - (26,950 )
At 31 December 2023 324,527 69,583 6,353 400,463
Depreciation
At 1 January 2023 218,821 56,428 4,320 279,569
Charge for year 26,427 8,512 508 35,447
Eliminated on disposal - (20,555 ) - (20,555 )
At 31 December 2023 245,248 44,385 4,828 294,461
Net book value
At 31 December 2023 79,279 25,198 1,525 106,002
At 31 December 2022 67,580 32,105 2,033 101,718

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2023
and 31 December 2023 25,000
Depreciation
At 1 January 2023 10,938
Charge for year 3,515
At 31 December 2023 14,453
Net book value
At 31 December 2023 10,547
At 31 December 2022 14,062

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,000 4,182
Directors' current accounts - 16,400
VAT - 5,148
Prepayments and accrued income 588 417
1,588 26,147

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 18,295 21,857
Hire purchase contracts (see note 8) 4,997 4,618
Trade creditors 1,616 1,190
Tax 19,800 18,751
Social security and other taxes 2,004 1,381
VAT 926 -
Other creditors 15,323 15,823
Directors' current accounts 222 -
Accruals and deferred income 1,995 2,025
65,178 65,645

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 11,000 11,000
Bank loans - 2-5 years 10,083 20,167
Hire purchase contracts (see note 8) 10,147 15,144
31,230 46,311

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,997 4,618
Between one and five years 10,147 15,144
15,144 19,762

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,689 2,662
Between one and five years - 7,689
7,689 10,351

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 15,144 19,762

The hire purchase contract is secured on the vehicle to which it relates.

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 21,571 19,326

Deferred
tax
£   
Balance at 1 January 2023 19,326
Charge to Income statement during year 2,245
Balance at 31 December 2023 21,571

11. Called up share capital

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

12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr S Morrison
Balance outstanding at start of year 16,400 -
Amounts advanced - 16,400
Amounts repaid (16,400 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 16,400

At the balance sheet date the Director, Mr S Morrison, was owed £222 by the company.

13. Ultimate controlling party

The Director, Mr S Morrison, has ultimate control of the company by virtue of his 100% shareholding.