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REGISTERED NUMBER: 09171278












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Prorite Scaffolding Limited

Prorite Scaffolding Limited (Registered number: 09171278)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Prorite Scaffolding Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: W Seymour





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 09171278





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Prorite Scaffolding Limited (Registered number: 09171278)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 92,152 107,901

CURRENT ASSETS
Inventories 5 28,000 -
Debtors 6 226,246 142,747
Cash at bank 14,431 4,964
268,677 147,711
CREDITORS
Amounts falling due within one year 7 228,156 146,848
NET CURRENT ASSETS 40,521 863
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,673

108,764

CREDITORS
Amounts falling due after more than one
year

8

(77,908

)

(73,674

)

PROVISIONS FOR LIABILITIES 9 (17,509 ) (20,501 )
NET ASSETS 37,256 14,589

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 36,956 14,289
SHAREHOLDERS' FUNDS 37,256 14,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Prorite Scaffolding Limited (Registered number: 09171278)

Statement of Financial Position - continued
31 December 2023


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 director and authorised for issue on 6 November 2024 and were signed by:





W Seymour - Director


Prorite Scaffolding Limited (Registered number: 09171278)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Prorite Scaffolding Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Functional currency
The company's functional currency is £ Sterling.

Prorite Scaffolding Limited (Registered number: 09171278)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments including cash and bank balances are disclosed at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 141,886 126,257 268,143
Additions - 20,453 20,453
Disposals - (13,000 ) (13,000 )
At 31 December 2023 141,886 133,710 275,596
DEPRECIATION
At 1 January 2023 104,160 56,082 160,242
Charge for year 9,432 21,286 30,718
Eliminated on disposal - (7,516 ) (7,516 )
At 31 December 2023 113,592 69,852 183,444
NET BOOK VALUE
At 31 December 2023 28,294 63,858 92,152
At 31 December 2022 37,726 70,175 107,901

Included in fixed assets are motor vehicles which are financed under hire purchase agreements. The net book value at the year end amounted to £67,159 and the outstanding finance amounted to £63,367.

5. INVENTORIES
2023 2022
£    £   
Work-in-progress 28,000 -

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 184,051 102,097
Other debtors 9,750 9,750
193,801 111,847

Amounts falling due after more than one year:
Directors' loan accounts 32,445 30,900

Aggregate amounts 226,246 142,747

Prorite Scaffolding Limited (Registered number: 09171278)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 27,684 25,441
Trade creditors 69,809 12,398
Tax 92,810 50,436
Social security and other taxes 4,564 4,391
VAT 30,320 35,303
Directors' current accounts 864 684
Accrued expenses 2,105 18,195
228,156 146,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 27,160 37,926
Due to related party 50,748 35,748
77,908 73,674

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 17,509 20,501

Deferred
tax
£   
Balance at 1 January 2023 20,501
Provided during year (2,992 )
Balance at 31 December 2023 17,509

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

11. RESERVES
Retained
earnings
£   

At 1 January 2023 14,289
Profit for the year 179,667
Dividends (157,000 )
At 31 December 2023 36,956