Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11977699 D J Savage A C Bray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11977699 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-05-31 11977699 2023-05-31 11977699 2024-05-31 11977699 2023-06-01 2024-05-31 11977699 frs-core:CurrentFinancialInstruments 2024-05-31 11977699 frs-core:Non-currentFinancialInstruments 2024-05-31 11977699 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11977699 frs-core:MotorVehicles 2023-06-01 2024-05-31 11977699 frs-core:PlantMachinery 2024-05-31 11977699 frs-core:PlantMachinery 2023-06-01 2024-05-31 11977699 frs-core:PlantMachinery 2023-05-31 11977699 frs-core:ShareCapital 2024-05-31 11977699 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11977699 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11977699 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11977699 frs-bus:SmallEntities 2023-06-01 2024-05-31 11977699 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11977699 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11977699 frs-bus:Director1 2023-06-01 2024-05-31 11977699 frs-bus:Director1 2023-05-31 11977699 frs-bus:Director1 2024-05-31 11977699 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11977699 frs-countries:EnglandWales 2023-06-01 2024-05-31 11977699 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-05-31 11977699 2022-05-31 11977699 2023-05-31 11977699 2022-06-01 2023-05-31 11977699 frs-core:CurrentFinancialInstruments 2023-05-31 11977699 frs-core:Non-currentFinancialInstruments 2023-05-31 11977699 frs-core:ShareCapital 2023-05-31 11977699 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11977699
Savage Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11977699
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 354,067 239,198
354,067 239,198
CURRENT ASSETS
Debtors 5 268,437 95,159
Cash at bank and in hand 81,847 71,967
350,284 167,126
Creditors: Amounts Falling Due Within One Year 6 (231,218 ) (78,306 )
NET CURRENT ASSETS (LIABILITIES) 119,066 88,820
TOTAL ASSETS LESS CURRENT LIABILITIES 473,133 328,018
Creditors: Amounts Falling Due After More Than One Year 7 (120,488 ) (122,502 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (88,517 ) (59,185 )
NET ASSETS 264,128 146,331
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 264,028 146,231
SHAREHOLDERS' FUNDS 264,128 146,331
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D J Savage
Director
30 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Savage Scaffolding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11977699 . The registered office is Haldon House, 4 Castle Road, Torquay, TQ1 3BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.



Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 11)
16 11
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 June 2023 370,715
Additions 196,515
Disposals (13,171 )
As at 31 May 2024 554,059
Depreciation
As at 1 June 2023 131,517
Provided during the period 76,108
Disposals (7,633 )
As at 31 May 2024 199,992
Net Book Value
As at 31 May 2024 354,067
As at 1 June 2023 239,198
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,179 32,248
Other debtors 186,258 62,911
268,437 95,159
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,552 25,899
Trade creditors 107,428 10,626
Bank loans and overdrafts 22,795 20,982
Other loans 12,497 -
Other creditors 15,757 10,131
Taxation and social security 34,189 10,668
231,218 78,306
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,233 25,453
Bank loans 74,255 97,049
120,488 122,502
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 8,167 12,833
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Hire purchase liabilities are secured against the assets to which the agreements relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 84,785 51,352
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Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr David Savage 39,596 59,071 39,596 - 59,071
The above loan is unsecured and repayable on demand and interest is charged at 2.25% pa.
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