IRIS Accounts Production v24.2.0.383 06790680 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067906802023-01-31067906802024-01-31067906802023-02-012024-01-31067906802022-01-31067906802022-02-012023-01-31067906802023-01-3106790680ns15:EnglandWales2023-02-012024-01-3106790680ns14:PoundSterling2023-02-012024-01-3106790680ns10:Director12023-02-012024-01-3106790680ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106790680ns10:SmallEntities2023-02-012024-01-3106790680ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106790680ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106790680ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106790680ns10:FullAccounts2023-02-012024-01-3106790680ns5:CurrentFinancialInstruments2024-01-3106790680ns5:CurrentFinancialInstruments2023-01-3106790680ns5:Non-currentFinancialInstruments2024-01-3106790680ns5:Non-currentFinancialInstruments2023-01-3106790680ns5:ShareCapital2024-01-3106790680ns5:ShareCapital2023-01-3106790680ns5:CapitalRedemptionReserve2024-01-3106790680ns5:CapitalRedemptionReserve2023-01-3106790680ns5:RetainedEarningsAccumulatedLosses2024-01-3106790680ns5:RetainedEarningsAccumulatedLosses2023-01-3106790680ns10:RegisteredOffice2023-02-012024-01-3106790680ns5:PlantMachinery2023-02-012024-01-3106790680ns5:MotorVehicles2023-02-012024-01-3106790680ns5:ComputerEquipment2023-02-012024-01-3106790680ns5:PlantMachinery2023-01-3106790680ns5:PlantMachinery2024-01-3106790680ns5:PlantMachinery2023-01-3106790680ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3106790680ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3106790680ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3106790680ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-01-3106790680ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3106790680ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3106790680ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-01-3106790680ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-01-3106790680ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-01-3106790680ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-01-3106790680ns5:HirePurchaseContracts2024-01-3106790680ns5:HirePurchaseContracts2023-01-3106790680ns5:Secured2024-01-3106790680ns5:Secured2023-01-31
REGISTERED NUMBER: 06790680 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SEA Scaffolding Limited

SEA Scaffolding Limited (Registered number: 06790680)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SEA Scaffolding Limited (Registered number: 06790680)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,378 195,422

CURRENT ASSETS
Debtors 5 229,463 397,550
Cash at bank 30,893 28,240
260,356 425,790
CREDITORS
Amounts falling due within one year 6 224,948 257,318
NET CURRENT ASSETS 35,408 168,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,786

363,894

CREDITORS
Amounts falling due after more than one
year

7

(95,267

)

(191,803

)

PROVISIONS FOR LIABILITIES (24,861 ) (34,087 )
NET ASSETS 69,658 138,004

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 69,656 138,002
SHAREHOLDERS' FUNDS 69,658 138,004

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 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.

SEA Scaffolding Limited (Registered number: 06790680)

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 director and authorised for issue on 16 September 2024 and were signed by:





Mr M D Flute - Director


SEA Scaffolding Limited (Registered number: 06790680)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

SEA Scaffolding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06790680

Registered office: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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.

SEA Scaffolding Limited (Registered number: 06790680)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. 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.

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 22 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 444,628
Additions 4,931
At 31 January 2024 449,559
DEPRECIATION
At 1 February 2023 249,206
Charge for year 45,975
At 31 January 2024 295,181
NET BOOK VALUE
At 31 January 2024 154,378
At 31 January 2023 195,422


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 143,127 280,937
Other debtors 80,309 88,613
Tax 1,427 1,427
Prepayments 4,600 26,573
229,463 397,550

SEA Scaffolding Limited (Registered number: 06790680)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 78,969 72,883
Hire purchase contracts (see note 8) 17,569 15,921
Trade creditors 30,720 75,843
Taxation 12,475 32,638
VAT 8,855 13,169
Other creditors 42,928 7,293
Directors' current accounts 7,635 8,088
Accrued expenses 25,797 31,483
224,948 257,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 84,469 78,962
Bank loans - 2-5 years 9,608 94,083
Hire purchase contracts (see note 8) 1,190 18,758
95,267 191,803

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 17,569 15,921
Between one and five years 1,190 18,758
18,759 34,679

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 173,046 245,928
Hire purchase contracts 18,759 34,679
191,805 280,607

The hire purchase liabilities are secured on the underlying assets.