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Registered number: 06954074
All Counties Scaffolding (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06954074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,024 131,474
95,024 131,474
CURRENT ASSETS
Debtors 5 307,807 576,016
Cash at bank and in hand 365,944 513,173
673,751 1,089,189
Creditors: Amounts Falling Due Within One Year 6 (119,792 ) (263,780 )
NET CURRENT ASSETS (LIABILITIES) 553,959 825,409
TOTAL ASSETS LESS CURRENT LIABILITIES 648,983 956,883
Creditors: Amounts Falling Due After More Than One Year 7 (6,866 ) (46,883 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,933 ) (21,295 )
NET ASSETS 623,184 888,705
CAPITAL AND RESERVES
Called up share capital 9 1,002 1,002
Profit and Loss Account 622,182 887,703
SHAREHOLDERS' FUNDS 623,184 888,705
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J Bowler
Director
20 September 2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
All Counties Scaffolding (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06954074 . The registered office is North Lodge, Hawkesyard, Rugeley, WS15 1PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
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.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Hire of goods
Turnover from the hire of goods is recognised when the significant risks and rewards of ownership of the goods is not transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on cost
Plant & Machinery 50% on cost, 25% on cost, 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to the grant and the grant will be received. Grants relating to revenue are recognised in income on an accruals basis.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 7)
4 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 23,400 369,229 136,972 1,678
Additions - - 19,950 -
Disposals - - (6,500 ) -
As at 31 July 2024 23,400 369,229 150,422 1,678
Depreciation
As at 1 August 2023 14,609 328,918 56,460 1,609
Provided during the period 2,367 25,281 23,650 23
Disposals - - (2,012 ) -
As at 31 July 2024 16,976 354,199 78,098 1,632
Net Book Value
As at 31 July 2024 6,424 15,030 72,324 46
As at 1 August 2023 8,791 40,311 80,512 69
Computer Equipment Total
£ £
Cost
As at 1 August 2023 10,950 542,229
Additions - 19,950
Disposals - (6,500 )
As at 31 July 2024 10,950 555,679
Depreciation
As at 1 August 2023 9,159 410,755
Provided during the period 591 51,912
Disposals - (2,012 )
As at 31 July 2024 9,750 460,655
Net Book Value
As at 31 July 2024 1,200 95,024
As at 1 August 2023 1,791 131,474
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Page 6
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 183,916 491,539
Prepayments and accrued income 37,797 37,317
Other debtors 55,606 42,934
Corporation tax recoverable assets 30,488 4,226
307,807 576,016
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,515 97,620
Bank loans and overdrafts 40,017 38,070
Corporation tax - 66,398
VAT 38,971 55,094
Other creditors 20 3,329
Accruals and deferred income 3,055 3,055
Directors' loan accounts 214 214
119,792 263,780
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,866 46,883
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 21,295 21,295
Utilised (2,362 ) (2,362)
Balance at 31 July 2024 18,933 18,933
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
2 Ordinary B shares of £ 1.00 each 2 2
1,002 1,002
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr and Mrs Bowler by virtue of his ownership of 100% of the issued share capital in the company.
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