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REGISTERED NUMBER: 10068133 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

RELIABLE BRITISH SCAFFOLDERS LIMITED

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RELIABLE BRITISH SCAFFOLDERS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P C Rugg
R A Challis
A Wheatley





REGISTERED OFFICE: Battens
Membury
Axminster
Devon
EX13 7AF





REGISTERED NUMBER: 10068133 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 638,153 543,948
638,153 543,948

CURRENT ASSETS
Debtors 7 233,467 104,986
Cash at bank 111,110 178,763
344,577 283,749
CREDITORS
Amounts falling due within one year 8 (130,741 ) (113,150 )
NET CURRENT ASSETS 213,836 170,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,989

714,547

CREDITORS
Amounts falling due after more than one
year

9

(36,574

)

(46,386

)

PROVISIONS FOR LIABILITIES (159,539 ) (103,351 )
NET ASSETS 655,876 564,810

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Retained earnings 580,876 489,810
655,876 564,810

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Balance Sheet - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2024 and were signed on its behalf by:





P C Rugg - Director


RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Reliable British Scaffolders 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods and services to customers falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.
Improvements to property - 5% on cost
Scaffolding equipment - 2% - 15% on reducing balance
Other equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 23 (2023 - 20 ) .

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Improvements
to Scaffolding Other
property equipment equipment
£    £    £   
COST
At 1 April 2023 42,493 530,746 8,041
Additions - 58,952 282
Disposals - - -
At 31 March 2024 42,493 589,698 8,323
DEPRECIATION
At 1 April 2023 8,809 111,114 4,995
Charge for year 2,125 22,891 668
Eliminated on disposal - - -
At 31 March 2024 10,934 134,005 5,663
NET BOOK VALUE
At 31 March 2024 31,559 455,693 2,660
At 31 March 2023 33,684 419,632 3,046

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 237,279 5,213 823,772
Additions 93,207 588 153,029
Disposals (25,055 ) - (25,055 )
At 31 March 2024 305,431 5,801 951,746
DEPRECIATION
At 1 April 2023 151,503 3,403 279,824
Charge for year 24,729 429 50,842
Eliminated on disposal (17,073 ) - (17,073 )
At 31 March 2024 159,159 3,832 313,593
NET BOOK VALUE
At 31 March 2024 146,272 1,969 638,153
At 31 March 2023 85,776 1,810 543,948

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 80,607
At 31 March 2024 80,607
DEPRECIATION
Charge for year 5,374
At 31 March 2024 5,374
NET BOOK VALUE
At 31 March 2024 75,233

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors and accrued income 216,200 93,805
VAT - 437
Prepayments and accrued income 17,267 10,744
233,467 104,986

RELIABLE BRITISH SCAFFOLDERS LIMITED (REGISTERED NUMBER: 10068133)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,101 25,459
Hire purchase contracts 24,018 -
Trade creditors 29,941 6,940
Tax 22,448 49,615
Social security and other taxes 17,317 14,639
VAT 11,178 -
Directors' current accounts 14,822 14,749
Accruals and deferred income 916 1,748
130,741 113,150

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,357 25,708
Bank loans - 2-5 years 6,983 20,678
Hire purchase contracts 19,234 -
36,574 46,386

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 27,441 71,845
Hire purchase contracts 43,252 -
70,693 71,845

There is a fixed and floating charge with HSBC Bank plc dated 1 September 2016 over all the property and undertakings of the company.

Hire purchase liabilities are secured over the asset to which the liability relates.