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REGISTERED NUMBER: 05941395 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIRECT SCAFFOLDING CONTRACTORS LIMITED

DIRECT SCAFFOLDING CONTRACTORS LIMITED (REGISTERED NUMBER: 05941395)






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


DIRECT SCAFFOLDING CONTRACTORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr. T McHugh
Mr. G Bullen





SECRETARY: Miss K Horsman





REGISTERED OFFICE: 351 Ware Road
Hertford
Hertfordshire
SG13 7EL





REGISTERED NUMBER: 05941395 (England and Wales)






DIRECT SCAFFOLDING CONTRACTORS LIMITED (REGISTERED NUMBER: 05941395)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,554 29,482

CURRENT ASSETS
Debtors 5 39,321 46,854
Cash at bank 64,726 37,843
104,047 84,697
CREDITORS
Amounts falling due within one year 6 (67,384 ) (58,112 )
NET CURRENT ASSETS 36,663 26,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,217

56,067

CREDITORS
Amounts falling due after more than one
year

7

(29,202

)

(34,758

)

PROVISIONS FOR LIABILITIES (3,577 ) (3,577 )
NET ASSETS 35,438 17,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,338 17,632
35,438 17,732

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.

DIRECT SCAFFOLDING CONTRACTORS LIMITED (REGISTERED NUMBER: 05941395)

BALANCE SHEET - continued
31 March 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 18 October 2024 and were signed on its behalf by:




Mr. G Bullen - Director



Mr. T McHugh - Director


DIRECT SCAFFOLDING CONTRACTORS LIMITED (REGISTERED NUMBER: 05941395)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Direct Scaffolding Contractors 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 10% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DIRECT SCAFFOLDING CONTRACTORS LIMITED (REGISTERED NUMBER: 05941395)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 127,256
Additions 14,390
At 31 March 2024 141,646
DEPRECIATION
At 1 April 2023 97,774
Charge for year 12,318
At 31 March 2024 110,092
NET BOOK VALUE
At 31 March 2024 31,554
At 31 March 2023 29,482

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,325 46,755
Other debtors 996 99
39,321 46,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,520 5,520
Hire purchase contracts - 4,262
Trade creditors 821 765
Taxation and social security 51,653 35,016
Other creditors 9,390 12,549
67,384 58,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,202 34,758

DIRECT SCAFFOLDING CONTRACTORS LIMITED (REGISTERED NUMBER: 05941395)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,722 40,278
Hire purchase contracts - 4,262
34,722 44,540

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £97,250 (2023 - £86,500) were paid to the directors .