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Registration number: 09399987

Uttoxeter Scaffolding Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Uttoxeter Scaffolding Services Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Uttoxeter Scaffolding Services Limited

Company Information

Directors

Mr R E Pollard

Mrs L E Pollard

Company secretary

Mrs L E Pollard

Registered office

5 Bamford Grove
Uttoxeter
Staffordshire
ST14 5NS

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Uttoxeter Scaffolding Services Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr R E Pollard

Mrs L E Pollard - Company secretary and director

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 October 2024 and signed on its behalf by:
 

.........................................
Mr R E Pollard
Director

.........................................
Mrs L E Pollard
Company secretary and director

 

Uttoxeter Scaffolding Services Limited

(Registration number: 09399987)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,707

16,126

Current assets

 

Debtors

5

25,372

53,310

Creditors: Amounts falling due within one year

6

(15,469)

(49,448)

Net current assets

 

9,903

3,862

Total assets less current liabilities

 

23,610

19,988

Creditors: Amounts falling due after more than one year

6

(20,000)

(20,000)

Provisions for liabilities

(2,000)

(2,000)

Net assets/(liabilities)

 

1,610

(2,012)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,510

(2,112)

Shareholders' funds/(deficit)

 

1,610

(2,012)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 22 October 2024 and signed on its behalf by:
 

.........................................
Mr R E Pollard
Director

.........................................
Mrs L E Pollard
Company secretary and director

 
     
 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 09399987.

The address of its registered office is:
5 Bamford Grove
Uttoxeter
Staffordshire
ST14 5NS

These financial statements were authorised for issue by the Board on 22 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Scaffolding poles, boards etc

20% straight line basis

Tools and equipment

15% reducing balance basis

Commercial motor vehicles

15% reducing balance basis

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 4).

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

53,643

53,643

At 31 January 2024

53,643

53,643

Depreciation

At 1 February 2023

37,517

37,517

Charge for the year

2,419

2,419

At 31 January 2024

39,936

39,936

Carrying amount

At 31 January 2024

13,707

13,707

At 31 January 2023

16,126

16,126

5

Debtors

Current

2024
£

2023
£

Other debtors

25,372

53,310

 

25,372

53,310

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

5,000

5,000

Taxation and social security

 

6,285

40,999

Accruals and deferred income

 

4,184

3,449

 

15,469

49,448

The Bounce back loan is 100% Government guaranteed.

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

20,000

20,000

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,000

5,000

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

20,000

20,000

 

Uttoxeter Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

8

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Mr R E Pollard

(40,235)

(16,419)

37,505

(19,149)

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr R E Pollard

(47,189)

(9,610)

16,564

(40,235)

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

(47,189)

(9,610)

16,564

(40,235)

 

Other transactions with directors

During the period there were loans between the company and the Director. There are no formal terms of repayment, interest has been charged at the official rate.