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REGISTERED NUMBER: SC335366 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 January 2024

for

CLYDE SCAFFOLDING LTD.

CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLYDE SCAFFOLDING LTD.

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S Bisset
G Duffy
E Bisset
W Creggan





REGISTERED OFFICE: 20A Garrell Road
Kilsyth
Glasgow
G65 9JX





REGISTERED NUMBER: SC335366 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 388,667 587,944

CURRENT ASSETS
Stocks 234,966 205,542
Debtors 5 2,296,257 2,386,994
Cash at bank and in hand 1,464,699 1,308,137
3,995,922 3,900,673
CREDITORS
Amounts falling due within one year 6 (883,335 ) (818,302 )
NET CURRENT ASSETS 3,112,587 3,082,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,501,254

3,670,315

CREDITORS
Amounts falling due after more than one
year

7

(13,275

)

(166,835

)

PROVISIONS FOR LIABILITIES (71,332 ) (91,217 )
NET ASSETS 3,416,647 3,412,263

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Retained earnings 3,404,147 3,399,763
SHAREHOLDERS' FUNDS 3,416,647 3,412,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)

Balance Sheet - continued
31 January 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 31 October 2024 and were signed on its behalf by:




S Bisset - Director G Duffy - Director




E Bisset - Director


CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)

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

1. STATUTORY INFORMATION

Clyde Scaffolding Ltd. is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost and 4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised 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.


CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2023 - 82 ) .

CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
buildings machinery fittings
£    £    £   
COST
At 1 February 2023 98,512 1,109,247 29,465
Additions - 39,168 -
At 31 January 2024 98,512 1,148,415 29,465
DEPRECIATION
At 1 February 2023 77,563 563,537 29,308
Charge for year 9,851 220,113 58
At 31 January 2024 87,414 783,650 29,366
NET BOOK VALUE
At 31 January 2024 11,098 364,765 99
At 31 January 2023 20,949 545,710 157

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 118,487 19,621 1,375,332
Additions - 566 39,734
At 31 January 2024 118,487 20,187 1,415,066
DEPRECIATION
At 1 February 2023 97,359 19,621 787,388
Charge for year 8,832 157 239,011
At 31 January 2024 106,191 19,778 1,026,399
NET BOOK VALUE
At 31 January 2024 12,296 409 388,667
At 31 January 2023 21,128 - 587,944

CLYDE SCAFFOLDING LTD. (REGISTERED NUMBER: SC335366)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 871,313 96,403 967,716
DEPRECIATION
At 1 February 2023 325,603 84,413 410,016
Charge for year 217,828 6,090 223,918
At 31 January 2024 543,431 90,503 633,934
NET BOOK VALUE
At 31 January 2024 327,882 5,900 333,782
At 31 January 2023 545,710 11,990 557,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 755,395 846,422
Other debtors 1,414,678 1,414,678
Prepayments 126,184 125,894
2,296,257 2,386,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 153,561 232,759
Trade creditors 129,499 139,832
Tax 297,241 187,197
Social security and other taxes 110,771 84,339
VAT 50,518 73,927
Accrued expenses 141,745 100,248
883,335 818,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,275 166,835

8. RELATED PARTY DISCLOSURES

There is no ultimate controlling party.