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REGISTERED NUMBER: 10164382 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Advanced Scaffold Limited

Advanced Scaffold Limited (Registered number: 10164382)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advanced Scaffold Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr S Gibson





REGISTERED OFFICE: 16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: 10164382 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Advanced Scaffold Limited (Registered number: 10164382)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,758 15,150
Tangible assets 5 21,691 26,398
27,449 41,548

CURRENT ASSETS
Stocks 938 15,720
Debtors 6 22,202 16,478
Cash at bank 17,171 18,203
40,311 50,401
CREDITORS
Amounts falling due within one year 7 73,590 76,052
NET CURRENT LIABILITIES (33,279 ) (25,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,830

)

15,897

CREDITORS
Amounts falling due after more than
one year

8

(17,104

)

(24,695

)

PROVISIONS FOR LIABILITIES 9 (4,121 ) (5,016 )
NET LIABILITIES (27,055 ) (13,814 )

Advanced Scaffold Limited (Registered number: 10164382)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (27,057 ) (13,816 )
(27,055 ) (13,814 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 17 September 2024 and were signed by:





Mr S Gibson - Director


Advanced Scaffold Limited (Registered number: 10164382)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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 balance sheet date.

Advanced Scaffold Limited (Registered number: 10164382)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
The company meets its day to day working capital requirements through monies introduced by the director. The director will continue to provide funds as they are required by the company to meet it's day to day requirements. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do no include any adjustments that would result from a withdrawal of funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 50,500
AMORTISATION
At 1 June 2023 35,350
Charge for year 9,392
At 31 May 2024 44,742
NET BOOK VALUE
At 31 May 2024 5,758
At 31 May 2023 15,150

Advanced Scaffold Limited (Registered number: 10164382)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 83,854
DEPRECIATION
At 1 June 2023 57,456
Charge for year 4,707
At 31 May 2024 62,163
NET BOOK VALUE
At 31 May 2024 21,691
At 31 May 2023 26,398

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,444 13,820
Other debtors 2,758 2,658
22,202 16,478

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,080 10,122
Trade creditors 1,393 2,624
Taxation and social security 11,373 6,053
Other creditors 43,744 57,253
73,590 76,052

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,104 24,695

Advanced Scaffold Limited (Registered number: 10164382)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,121 5,016

Deferred
tax
£   
Balance at 1 June 2023 5,016
Provided during year (895 )
Balance at 31 May 2024 4,121