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REGISTERED NUMBER: 10211771 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Gold Scaffolding Ltd

Gold Scaffolding Ltd (Registered number: 10211771)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gold Scaffolding Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs S J Goddard
K Goddard





REGISTERED OFFICE: London Road
Murrell Green
Hook
Hampshire
RG27 8HZ





REGISTERED NUMBER: 10211771 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Gold Scaffolding Ltd (Registered number: 10211771)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 996,485 1,038,406

CURRENT ASSETS
Debtors 5 185,342 236,436
Cash at bank 176,401 82,032
361,743 318,468
CREDITORS
Amounts falling due within one year 6 507,485 486,838
NET CURRENT LIABILITIES (145,742 ) (168,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

850,743

870,036

CREDITORS
Amounts falling due after more than one
year

7

(248,898

)

(351,153

)

PROVISIONS FOR LIABILITIES 10 (246,946 ) (192,766 )
NET ASSETS 354,899 326,117

CAPITAL AND RESERVES
Called up share capital 57 57
Retained earnings 354,842 326,060
SHAREHOLDERS' FUNDS 354,899 326,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Gold Scaffolding Ltd (Registered number: 10211771)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





K Goddard - Director


Gold Scaffolding Ltd (Registered number: 10211771)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Gold Scaffolding Ltd 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.
Improvements to property - 10% on cost
Scaffolding & equipment - at varying rates on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Gold Scaffolding Ltd (Registered number: 10211771)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Scaffolding Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 26,500 1,305,228 180,150 11,660 1,523,538
Additions - 67,851 7,495 991 76,337
At 30 June 2024 26,500 1,373,079 187,645 12,651 1,599,875
DEPRECIATION
At 1 July 2023 2,650 378,654 94,034 9,794 485,132
Charge for year 2,650 73,814 40,257 1,537 118,258
At 30 June 2024 5,300 452,468 134,291 11,331 603,390
NET BOOK VALUE
At 30 June 2024 21,200 920,611 53,354 1,320 996,485
At 30 June 2023 23,850 926,574 86,116 1,866 1,038,406

Gold Scaffolding Ltd (Registered number: 10211771)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 162,407 137,232
Other debtors 22,935 99,204
185,342 236,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 81,478 81,477
Hire purchase contracts (see note 8) 52,970 140,208
Trade creditors 34,876 48,904
Taxation and social security 159,244 22,604
Other creditors 178,917 193,645
507,485 486,838

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 150,710 232,187
Hire purchase contracts (see note 8) 74,701 118,966
Other creditors 23,487 -
248,898 351,153

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 52,970 140,208
Between one and five years 74,701 118,966
127,671 259,174

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 34,845 37,418
Between one and five years 70,811 90,958
105,656 128,376

Gold Scaffolding Ltd (Registered number: 10211771)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 127,671 259,174

The bank loan is secured via a fixed and floating charge over company assets.

Hire purchase loans are secured upon the assets they are financing.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 246,946 192,766

Deferred
tax
£   
Balance at 1 July 2023 192,766
Accelerated capital allowances 54,180
Balance at 30 June 2024 246,946