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REGISTERED NUMBER: 08351601 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JOHN CURLEY SCAFFOLDING (WALES) LIMITED

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOHN CURLEY SCAFFOLDING (WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr J S Curley
Mr J P Curley





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 08351601 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 248,335 236,593

CURRENT ASSETS
Debtors 5 179,849 216,205
Cash at bank and in hand 1,034 20,052
180,883 236,257
CREDITORS
Amounts falling due within one year 6 396,215 282,742
NET CURRENT LIABILITIES (215,332 ) (46,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,003

190,108

CREDITORS
Amounts falling due after more than one
year

7

(87,004

)

(170,716

)

PROVISIONS FOR LIABILITIES (23,183 ) (34,753 )
NET LIABILITIES (77,184 ) (15,361 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (77,185 ) (15,362 )
SHAREHOLDERS' FUNDS (77,184 ) (15,361 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


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 16 October 2024 and were signed on its behalf by:




Mr J S Curley - Director



Mr J P Curley - Director


JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

John Curley Scaffolding (Wales) 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.

Going Concern
The company directors continually review the financial position of the company, and in particular rising running costs of the business. To assist, the company secured additional financial support during the year.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

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

The company recognises income based upon the progression of the contract at each month end, and raises the income based upon the agreed proportion of the contract value.

Accrued income is recognised where relevant.

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 - 20% on reducing balance
Plant and machinery - 10% on cost
Motor vehicles - 20% on reducing balance

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.

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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 13 (2023 - 20 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2023 429,671
Additions 57,838
Disposals (6,140 )
At 29 February 2024 481,369
DEPRECIATION
At 1 March 2023 193,078
Charge for year 39,956
At 29 February 2024 233,034
NET BOOK VALUE
At 29 February 2024 248,335
At 28 February 2023 236,593

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

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

Plant and
machinery
etc
£   
COST
At 1 March 2023 372,084
Additions 57,173
Disposals (6,140 )
At 29 February 2024 423,117
DEPRECIATION
At 1 March 2023 165,076
Charge for year 35,326
At 29 February 2024 200,402
NET BOOK VALUE
At 29 February 2024 222,715
At 28 February 2023 207,008

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 51,041 63,194
Amounts recoverable on contract 116,222 117,653
Other debtors 12,586 35,358
179,849 216,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts (see note 8) 8,872 -
Hire purchase contracts (see note 9) 35,413 21,733
Trade creditors 5,899 8,426
Taxation and social security (1,729 ) 15,617
Other creditors 347,760 236,966
396,215 282,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts (see note 9) 60,742 51,209
Other creditors 26,262 119,507
87,004 170,716

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. LOANS

An analysis of the maturity of loans is given below:

29/2/24 28/2/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,872 -
Other loans 132,847 104,052
141,719 104,052

Amounts falling due between one and two years:
Other loans - 1-2 years 26,262 119,507

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

29/2/24 28/2/23
£    £   
Net obligations repayable:
Within one year 35,413 21,733
Between one and five years 60,742 51,209
96,155 72,942

10. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Bank overdraft 8,872 -
Hire purchase contracts 96,155 72,942
Other Loans 159,109 223,559
264,136 296,501

Hire purchase liabilities are secured against the assets to which they relate.

The other loans are secured by a mixture of a personal guarantee and the government under the Coronavirus Business Interruption Loan scheme.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
4 Ordinary 25p 1 1

JOHN CURLEY SCAFFOLDING (WALES) LIMITED (REGISTERED NUMBER: 08351601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within "Other Creditors", amounts payable within one year, is amounts owed to the company directors totalling £185,685.