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REGISTERED NUMBER: 08854668 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SHIRE SCAFFOLDING MIDLANDS LIMITED

SHIRE SCAFFOLDING MIDLANDS LIMITED (REGISTERED NUMBER: 08854668)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIRE SCAFFOLDING MIDLANDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M Deas
T Davenport





REGISTERED OFFICE: New House Farm
Banbury Road
Warwick
CV34 6SU





REGISTERED NUMBER: 08854668 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

SHIRE SCAFFOLDING MIDLANDS LIMITED (REGISTERED NUMBER: 08854668)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,591,673 1,897,351

CURRENT ASSETS
Debtors 5 426,124 224,446
Cash at bank 357,189 144,332
783,313 368,778
CREDITORS
Amounts falling due within one year 6 840,954 459,681
NET CURRENT LIABILITIES (57,641 ) (90,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,032

1,806,448

CREDITORS
Amounts falling due after more than one
year

7

(177,058

)

(253,993

)

PROVISIONS FOR LIABILITIES (378,776 ) (85,123 )
NET ASSETS 978,198 1,467,332

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 860,634 1,075,792
Retained earnings 116,564 390,540
978,198 1,467,332

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SHIRE SCAFFOLDING MIDLANDS LIMITED (REGISTERED NUMBER: 08854668)

BALANCE SHEET - continued
31 JANUARY 2024


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 9 September 2024 and were signed on its behalf by:





M Deas - Director


SHIRE SCAFFOLDING MIDLANDS LIMITED (REGISTERED NUMBER: 08854668)

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

1. STATUTORY INFORMATION

Shire Scaffolding Midlands 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services:
When the outcome of a transaction can be estimated reliably, turnover from the hiring out of scaffolding equipment is recognised by reference to completion at the balance sheet date. Stage of completion is measured by reference to the date stated on the hiring contracts between the customer and the company.

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 - 33% on cost

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.

SHIRE SCAFFOLDING MIDLANDS LIMITED (REGISTERED NUMBER: 08854668)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 1,890,300 273,509 3,020 2,166,829
Additions 84,480 31,750 - 116,230
At 31 January 2024 1,974,780 305,259 3,020 2,283,059
DEPRECIATION
At 1 February 2023 123,035 143,907 2,536 269,478
Charge for year 370,349 51,118 441 421,908
At 31 January 2024 493,384 195,025 2,977 691,386
NET BOOK VALUE
At 31 January 2024 1,481,396 110,234 43 1,591,673
At 31 January 2023 1,767,265 129,602 484 1,897,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,730 199,298
Amounts owed by participating interests 315,308 -
VAT 336 25,148
Prepayments and accrued income 59,750 -
426,124 224,446

SHIRE SCAFFOLDING MIDLANDS LIMITED (REGISTERED NUMBER: 08854668)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,298 132,285
Hire purchase contracts 91,244 59,524
Trade creditors 3,703 51,632
Amounts owed to participating interests 422,750 187,842
Corporation tax 63,390 17,556
Social security and other taxes 12,306 10,842
Other creditors 154 -
Accrued expenses 200,109 -
840,954 459,681

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 29,742 96,929
Bank loans - 2-5 years 17,966 -
Hire purchase contracts 129,350 157,064
177,058 253,993

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023 1,075,792
Transfer of distributable rese rves (215,158 )

At 31 January 2024 860,634