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Company Registration No. 10628651 (England and Wales)
Innovate Scaffolding LTD Unaudited accounts for the year ended 29 February 2024
Innovate Scaffolding LTD Unaudited accounts Contents
Page
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Innovate Scaffolding LTD Company Information for the year ended 29 February 2024
Directors
Daniel Joseph Madeleine Southam
Company Number
10628651 (England and Wales)
Registered Office
Flat 5 Pasture House, Milk Churn Way Woolmer Green Herts SG3 6FL
Accountants
GEM Accountancy 1 Lemsford Village Welwyn Garden City Herts AL8 7TN
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Innovate Scaffolding LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
132,509 
64,702 
Current assets
Debtors
30,518 
27,826 
Cash at bank and in hand
64,800 
11,864 
95,318 
39,690 
Creditors: amounts falling due within one year
(31,261)
(19,582)
Net current assets
64,057 
20,108 
Total assets less current liabilities
196,566 
84,810 
Creditors: amounts falling due after more than one year
(53,470)
(34,758)
Net assets
143,096 
50,052 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
143,094 
50,050 
Shareholders' funds
143,096 
50,052 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by
Madeleine Southam Director Company Registration No. 10628651
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Innovate Scaffolding LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Innovate Scaffolding LTD is a private company, limited by shares, registered in England and Wales, registration number 10628651. The registered office is Flat 5 Pasture House,, Milk Churn Way, Woolmer Green, Herts, SG3 6FL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
18% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
82,095 
Additions
82,691 
At 29 February 2024
164,786 
Depreciation
At 1 March 2023
17,393 
Charge for the year
14,884 
At 29 February 2024
32,277 
Net book value
At 29 February 2024
132,509 
At 28 February 2023
64,702 
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Innovate Scaffolding LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,096 
1,704 
Trade debtors
24,422 
3,020 
Other debtors
- 
23,102 
30,518 
27,826 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
Taxes and social security
14,354 
2 
Other creditors
4,789 
4,230 
Loans from directors
5,268 
8,500 
Accruals
850 
850 
31,261 
19,582 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
53,470 
34,758 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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