Company registration number 14646182 (England and Wales)
UP A LEVEL SCAFFOLDING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
UP A LEVEL SCAFFOLDING LIMITED
COMPANY INFORMATION
Director
Mrs M A Atherton
(Appointed 7 February 2023)
Company number
14646182
Registered office
Unit 11 Howard Road
Park Farm Industrial Estate
Redditch
B98 7SE
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Monzo Bank Limited
Broadwalk House
5 Appold Street
London
EC2A 2AG
UP A LEVEL SCAFFOLDING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
UP A LEVEL SCAFFOLDING LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF UP A LEVEL SCAFFOLDING LIMITED FOR THE PERIOD ENDED 30 JUNE 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Up A Level Scaffolding Limited for the period ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Up A Level Scaffolding Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Up A Level Scaffolding Limited and state those matters that we have agreed to state to the board of directors of Up A Level Scaffolding Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Up A Level Scaffolding Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Up A Level Scaffolding Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Up A Level Scaffolding Limited. You consider that Up A Level Scaffolding Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Up A Level Scaffolding Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
3 September 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
UP A LEVEL SCAFFOLDING LIMITED
BALANCE SHEET
- 2 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
22,015
Current assets
Debtors
4
27,647
Cash at bank and in hand
63
27,710
Creditors: amounts falling due within one year
5
(7,200)
Net current assets
20,510
Total assets less current liabilities
42,525
Creditors: amounts falling due after more than one year
6
(4,499)
Net assets
38,026
Capital and reserves
Called up share capital
8
1
Profit and loss reserves
38,025
Total equity
38,026
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 3 September 2024
Mrs M A Atherton
Director
Company registration number 14646182 (England and Wales)
UP A LEVEL SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
Up A Level Scaffolding Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 11 Howard Road, Park Farm Industrial Estate, Redditch, B98 7SE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% reducing balance
1.4
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
UP A LEVEL SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 7 February 2023
Additions
27,518
At 30 June 2024
27,518
Depreciation and impairment
At 7 February 2023
Depreciation charged in the period
5,503
At 30 June 2024
5,503
Carrying amount
At 30 June 2024
22,015
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
27,647
5
Creditors: amounts falling due within one year
2024
£
Bank loans
6,000
Other creditors
1,200
7,200
6
Creditors: amounts falling due after more than one year
2024
£
Bank loans and overdrafts
4,499
UP A LEVEL SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 5 -
7
Secured debts
The following secured debts are included within creditors:
2024
£
Bank loans
10,499
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
8
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
1
1
1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.
9
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan Account
-
-
8,550
8,550
-
8,550
8,550
The director’s loan account was repaid within nine months of the year end.
10
Comparatives
This is the company’s first period of trade, therefore there are no comparatives.