REGISTERED NUMBER: |
M25 Scaffolding Limited |
Unaudited Financial Statements |
for the Year Ended 28th February 2024 |
REGISTERED NUMBER: |
M25 Scaffolding Limited |
Unaudited Financial Statements |
for the Year Ended 28th February 2024 |
M25 Scaffolding Limited (Registered number: 02109894) |
Contents of the Financial Statements |
for the Year Ended 28th February 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
M25 Scaffolding Limited |
Company Information |
for the Year Ended 28th February 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
4 Post Office Walk |
Hertford |
Hertfordshire |
SG14 1DL |
M25 Scaffolding Limited (Registered number: 02109894) |
Statement of Financial Position |
28th February 2024 |
2024 | 2023 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
M25 Scaffolding Limited (Registered number: 02109894) |
Notes to the Financial Statements |
for the Year Ended 28th February 2024 |
1. | Statutory information |
M25 Scaffolding Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The financial statements are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern on the basis that group undertakings will continue to support the company. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
M25 Scaffolding Limited (Registered number: 02109894) |
Notes to the Financial Statements - continued |
for the Year Ended 28th February 2024 |
5. | Secured debts |
An unlimited intragroup guarantee exists between U & M Group Limited, M25 Scaffolding Limited, Bush Hill Construction Limited, U & M Piling Limited and Underpin & Makegood (Contracting) Limited to secure all liabilities of each other. |
6. | Related party disclosures |
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |