Registered number
04695493
Steve's Scaffolding Services Limited
Filleted Accounts
31 March 2024
Steve's Scaffolding Services Limited
Registered number: 04695493
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,400 6,800
Tangible assets 4 106,837 75,928
110,237 82,728
Current assets
Debtors 5 113,938 47,546
Cash at bank and in hand - 44,532
113,938 92,078
Creditors: amounts falling due within one year 6 (86,292) (54,892)
Net current assets 27,646 37,186
Total assets less current liabilities 137,883 119,914
Creditors: amounts falling due after more than one year 7 (27,843) (32,901)
Provisions for liabilities (26,709) (18,982)
Net assets 83,331 68,031
Capital and reserves
Called up share capital 2 2
Profit and loss account 83,329 68,029
Shareholders' funds 83,331 68,031
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Steven Holder
Director
Approved by the board on 20 September 2024
Steve's Scaffolding Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 5 years
Scaffolding over 5 years
Motor vehicles over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 68,000
At 31 March 2024 68,000
Amortisation
At 1 April 2023 61,200
Provided during the year 3,400
At 31 March 2024 64,600
Net book value
At 31 March 2024 3,400
At 31 March 2023 6,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Office equipment Scaffolding Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 9,771 184,141 325,512 519,424
Additions 2,445 - 61,455 63,900
At 31 March 2024 12,216 184,141 386,967 583,324
Depreciation
At 1 April 2023 3,784 153,267 286,445 443,496
Charge for the year 1,686 6,175 25,130 32,991
At 31 March 2024 5,470 159,442 311,575 476,487
Net book value
At 31 March 2024 6,746 24,699 75,392 106,837
At 31 March 2023 5,987 30,874 39,067 75,928
5 Debtors 2024 2023
£ £
Trade debtors 94,493 28,476
Directors loan account 19,445 18,751
Other debtors - 319
113,938 47,546
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,546 10,800
Obligations under finance lease and hire purchase contracts 11,187 4,187
Trade creditors 28,772 8,854
Taxation and social security costs 21,847 28,251
Other creditors 12,940 2,800
86,292 54,892
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,162 22,783
Obligations under finance lease and hire purchase contracts 14,681 10,118
27,843 32,901
8 Other information
Steve's Scaffolding Services Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
New House on the Dairy
Abercynon Road
Abercynon
Rhondda Cynon Taff
CF45 4LY
9 Controlling party
The company is controlled by the directors, who each own 50% of the issued share capital.
10 Presentation currency
The financial statements are presented in Sterling and rounded to the nearest £1.
11 Transactions with directors
At the year end the directors loan account was overdrawn by £19,445, (2023: £18,751). This
balance has since been cleared by way of a dividend credited to the directors loan account.
The loan is interest free and repayable on demand.
Steve's Scaffolding Services Limited 04695493 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Steven Holder No description of principal activity 04695493 2022-04-01 2023-03-31 04695493 core:WithinOneYear 2023-03-31 04695493 core:AfterOneYear 2023-03-31 04695493 core:ShareCapital 2023-03-31 04695493 core:RetainedEarningsAccumulatedLosses 2023-03-31 04695493 2023-04-01 2024-03-31 04695493 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04695493 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04695493 bus:Director40 2023-04-01 2024-03-31 04695493 core:Goodwill 2023-04-01 2024-03-31 04695493 core:LandBuildings 2023-04-01 2024-03-31 04695493 core:PlantMachinery 2023-04-01 2024-03-31 04695493 core:Vehicles 2023-04-01 2024-03-31 04695493 countries:England 2023-04-01 2024-03-31 04695493 bus:FRS102 2023-04-01 2024-03-31 04695493 bus:FilletedAccounts 2023-04-01 2024-03-31 04695493 2024-03-31 04695493 core:WithinOneYear 2024-03-31 04695493 core:AfterOneYear 2024-03-31 04695493 core:ShareCapital 2024-03-31 04695493 core:RetainedEarningsAccumulatedLosses 2024-03-31 04695493 core:Goodwill 2024-03-31 04695493 core:LandBuildings 2024-03-31 04695493 core:PlantMachinery 2024-03-31 04695493 core:Vehicles 2024-03-31 04695493 2023-03-31 04695493 core:Goodwill 2023-03-31 04695493 core:LandBuildings 2023-03-31 04695493 core:PlantMachinery 2023-03-31 04695493 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure