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REGISTERED NUMBER: 05741550 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Interfix Scaffolding Limited

Interfix Scaffolding Limited (Registered number: 05741550)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Interfix Scaffolding Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: V Yuille
J Enright





SECRETARY: J Enright





REGISTERED OFFICE: Lee House
North Circular Road
London
NW10 7UD





REGISTERED NUMBER: 05741550 (England and Wales)

Interfix Scaffolding Limited (Registered number: 05741550)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,980 246,197

CURRENT ASSETS
Stocks 78,846 -
Debtors 123,366 278,707
Cash at bank - 18,472
202,212 297,179
CREDITORS
Amounts falling due within one year 316,995 335,458
NET CURRENT LIABILITIES (114,783 ) (38,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,197

207,918

CREDITORS
Amounts falling due after more than one
year

(16,785

)

(84,734

)

PROVISIONS FOR LIABILITIES (37,533 ) (46,667 )
NET ASSETS 28,879 76,517

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,779 76,417
SHAREHOLDERS' FUNDS 28,879 76,517

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

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

Interfix Scaffolding Limited (Registered number: 05741550)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:




V Yuille - Director



J Enright - Director


Interfix Scaffolding Limited (Registered number: 05741550)

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

1. STATUTORY INFORMATION

Interfix Scaffolding Limited is a private company, limited by shares , registered in England and Wales. 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 total value of work done 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.
Improvements to property - 25% on reducing balance
Plant and machinery - 20% on reducing balance
Computer equipment - 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 stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Interfix Scaffolding Limited (Registered number: 05741550)

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

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 1,009,378
Additions 1,395
At 31 March 2024 1,010,773
DEPRECIATION
At 1 April 2023 763,181
Charge for year 49,612
At 31 March 2024 812,793
NET BOOK VALUE
At 31 March 2024 197,980
At 31 March 2023 246,197

Interfix Scaffolding Limited (Registered number: 05741550)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 249,262
DEPRECIATION
At 1 April 2023 131,904
Charge for year 23,472
At 31 March 2024 155,376
NET BOOK VALUE
At 31 March 2024 93,886
At 31 March 2023 117,358

5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 35,296 57,438

The bank overdraft is secured by mortgage debenture on the company's assets.