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REGISTERED NUMBER: 04375413 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

P.S.S. SCAFFOLDING LTD

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.S.S. SCAFFOLDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S P Brown
Mrs S Brown





REGISTERED OFFICE: Monforte House
Unit C9 Queens Road
Bridgend Industrial Estate
Bridgend
Mid Glamorgan
CF31 3UT





REGISTERED NUMBER: 04375413 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 178,065 118,252
178,065 118,252

CURRENT ASSETS
Stocks - 25,000
Debtors 6 172,429 158,087
Cash at bank 99,308 137,739
271,737 320,826
CREDITORS
Amounts falling due within one year 7 156,157 134,774
NET CURRENT ASSETS 115,580 186,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,645

304,304

CREDITORS
Amounts falling due after more than one year 8 (32,522 ) (48,186 )

PROVISIONS FOR LIABILITIES (40,824 ) (18,475 )
NET ASSETS 220,299 237,643

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

BALANCE SHEET - continued
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 48,102 -
Retained earnings 172,194 237,640
SHAREHOLDERS' FUNDS 220,299 237,643

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

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

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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





S P Brown - Director


P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

P.S.S. Scaffolding Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of services provided under contracts and are recorded at the value of the consideration due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery etc - 33% on cost and 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.

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.

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 74,000
AMORTISATION
At 1 September 2023
and 31 August 2024 74,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 September 2023 503,250
Additions 44,757
Disposals (7,500 )
Revaluations 48,102
At 31 August 2024 588,609
DEPRECIATION
At 1 September 2023 384,998
Charge for year 30,330
Eliminated on disposal (4,784 )
At 31 August 2024 410,544
NET BOOK VALUE
At 31 August 2024 178,065
At 31 August 2023 118,252

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 48,102
Cost 540,507
588,609

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

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 September 2023 133,726
Additions 44,500
Revaluations 16,350
At 31 August 2024 194,576
DEPRECIATION
At 1 September 2023 72,037
Charge for year 18,180
At 31 August 2024 90,217
NET BOOK VALUE
At 31 August 2024 104,359
At 31 August 2023 61,689

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 77,267 51,049
Other debtors 95,162 107,038
172,429 158,087

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 23,791 29,261
Trade creditors 13,983 11,718
Corporation Tax 25,090 8,471
Social security and other taxes 38,479 29,746
Other creditors 34,066 35,184
Directors' current accounts 748 394
156,157 134,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 16,667 36,667
Hire purchase contracts 15,855 11,519
32,522 48,186

9. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Hire purchase contracts 39,646 40,780

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31/8/24 31/8/23
£    £   
S P Brown and Mrs S Brown
Balance outstanding at start of year (393 ) (9,635 )
Amounts advanced 59,283 94,742
Amounts repaid (59,638 ) (85,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (748 ) (393 )

P.S.S. SCAFFOLDING LTD (REGISTERED NUMBER: 04375413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. RELATED PARTY DISCLOSURES

During the year the company made payments of £30,000 (2023-£24,000) and £9,600 (2023-£20,950) in respect of rent and hire of motor vehicles to Monforte Services Limited a company under the control of the directors.

Included in debtors is an amount of £71,402 (2023 - £35,484) due from Monforte Services Limited.