Company Registration No. 11153910 (England and Wales)
Safeguard Scaffolding North West Limited
Unaudited accounts
for the year ended 31 January 2024
Safeguard Scaffolding North West Limited
Unaudited accounts
Contents
Safeguard Scaffolding North West Limited
Company Information
for the year ended 31 January 2024
Company Number
11153910 (England and Wales)
Registered Office
99 Corporation Street
St Helens
WA10 1SX
Accountants
MJ Houlihan & Co Accountants
99-101 Corporation Street
St Helens
WA10 1SX
Safeguard Scaffolding North West Limited
Statement of financial position
as at 31 January 2024
Tangible assets
848,980
880,069
Cash at bank and in hand
(120)
117,199
Creditors: amounts falling due within one year
(247,120)
(215,316)
Net current (liabilities)/assets
(119,654)
17,138
Total assets less current liabilities
767,339
897,207
Creditors: amounts falling due after more than one year
(442,950)
(442,347)
Net assets
324,389
454,860
Called up share capital
2
2
Profit and loss account
324,387
454,858
Shareholders' funds
324,389
454,860
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2024 and were signed on its behalf by
Karl Melling
Director
Company Registration No. 11153910
Safeguard Scaffolding North West Limited
Notes to the Accounts
for the year ended 31 January 2024
Safeguard Scaffolding North West Limited is a private company, limited by shares, registered in England and Wales, registration number 11153910. The registered office is 99 Corporation Street, St Helens, WA10 1SX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
479,989
445,953
157,401
8,000
1,091,343
Additions
-
27,269
-
-
27,269
At 31 January 2024
479,989
473,222
157,401
8,000
1,118,612
At 1 February 2023
-
150,029
56,620
4,625
211,274
Charge for the year
-
32,319
25,195
844
58,358
At 31 January 2024
-
182,348
81,815
5,469
269,632
At 31 January 2024
479,989
290,874
75,586
2,531
848,980
At 31 January 2023
479,989
295,924
100,781
3,375
880,069
Safeguard Scaffolding North West Limited
Notes to the Accounts
for the year ended 31 January 2024
5
Investments
Subsidiary undertakings
Valuation at 1 February 2023
-
Valuation at 31 January 2024
38,013
Amounts falling due within one year
Trade debtors
117,840
84,555
Other debtors
9,746
30,700
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
113,432
79,891
Taxes and social security
133,688
135,425
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
442,950
442,347
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).