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REGISTERED NUMBER: 11015018 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ace Scaffolding Services (London) Ltd

Ace Scaffolding Services (London) Ltd (Registered number: 11015018)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ace Scaffolding Services (London) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Shean





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 11015018 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Ace Scaffolding Services (London) Ltd (Registered number: 11015018)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 318,240 198,388

CURRENT ASSETS
Stocks 44,788 24,716
Debtors 6 238,128 417,154
Cash at bank 248,318 234,505
531,234 676,375
CREDITORS
Amounts falling due within one year 7 222,962 304,916
NET CURRENT ASSETS 308,272 371,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,512

569,847

CREDITORS
Amounts falling due after more than one year 8 (71,347 ) (58,588 )

PROVISIONS FOR LIABILITIES (70,452 ) (36,603 )
NET ASSETS 484,713 474,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 484,613 474,556
SHAREHOLDERS' FUNDS 484,713 474,656

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

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

Ace Scaffolding Services (London) Ltd (Registered number: 11015018)

Statement of Financial Position - continued
31 October 2023


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 director and authorised for issue on 13 September 2024 and were signed by:





G Shean - Director


Ace Scaffolding Services (London) Ltd (Registered number: 11015018)

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

1. STATUTORY INFORMATION

Ace Scaffolding Services (London) Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Commercial vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Ace Scaffolding Services (London) Ltd (Registered number: 11015018)

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

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Plant and Commercial
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 140,195 243,748 383,943
Additions 119,304 111,250 230,554
Disposals - (8,667 ) (8,667 )
At 31 October 2023 259,499 346,331 605,830
DEPRECIATION
At 1 November 2022 51,351 134,204 185,555
Charge for year 52,037 54,655 106,692
Eliminated on disposal - (4,657 ) (4,657 )
At 31 October 2023 103,388 184,202 287,590
NET BOOK VALUE
At 31 October 2023 156,111 162,129 318,240
At 31 October 2022 88,844 109,544 198,388

Ace Scaffolding Services (London) Ltd (Registered number: 11015018)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Commercial
vehicles
£   
COST
At 1 November 2022 162,453
Additions 64,500
At 31 October 2023 226,953
DEPRECIATION
At 1 November 2022 89,170
Charge for year 34,448
At 31 October 2023 123,618
NET BOOK VALUE
At 31 October 2023 103,335
At 31 October 2022 73,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 223,622 416,248
Amounts owed by group undertakings 12,838 -
Other debtors 1,668 906
238,128 417,154

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,098 9,849
Hire purchase contracts 36,547 21,152
Trade creditors 19,062 20,419
Amounts owed to group undertakings - 8,827
Taxation and social security 138,429 225,250
Other creditors 18,826 19,419
222,962 304,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,514 26,612
Hire purchase contracts 54,833 31,976
71,347 58,588

Ace Scaffolding Services (London) Ltd (Registered number: 11015018)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 91,380 53,128