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REGISTERED NUMBER: 12093692 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Celtic Scaffolding Inc Limited

Celtic Scaffolding Inc Limited (Registered number: 12093692)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Celtic Scaffolding Inc Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M Canfield
J Wilson





REGISTERED OFFICE: 2 St Catharines Road
Broxbourne
Hertfordshire
EN10 7LQ





REGISTERED NUMBER: 12093692 (England and Wales)





ACCOUNTANTS: Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ

Celtic Scaffolding Inc Limited (Registered number: 12093692)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 399,891 353,627

CURRENT ASSETS
Debtors 5 61,751 108,904
Cash at bank 5,834 2,406
67,585 111,310
CREDITORS
Amounts falling due within one year 6 150,012 258,956
NET CURRENT LIABILITIES (82,427 ) (147,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,464

205,981

CREDITORS
Amounts falling due after more than one
year

7

24,416

40,667
NET ASSETS 293,048 165,314

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 293,046 165,312
SHAREHOLDERS' FUNDS 293,048 165,314

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

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

Celtic Scaffolding Inc Limited (Registered number: 12093692)

Balance Sheet - continued
31 July 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 8 September 2024 and were signed on its behalf by:




M Canfield - Director



J Wilson - Director


Celtic Scaffolding Inc Limited (Registered number: 12093692)

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

1. STATUTORY INFORMATION

Celtic Scaffolding Inc 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.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Celtic Scaffolding Inc Limited (Registered number: 12093692)

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

2. ACCOUNTING POLICIES - continued

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 420,285 58,934 479,219
Additions 92,654 10,380 103,034
At 31 July 2024 512,939 69,314 582,253
DEPRECIATION
At 1 August 2023 109,694 15,898 125,592
Charge for year 44,224 12,546 56,770
At 31 July 2024 153,918 28,444 182,362
NET BOOK VALUE
At 31 July 2024 359,021 40,870 399,891
At 31 July 2023 310,591 43,036 353,627

Celtic Scaffolding Inc Limited (Registered number: 12093692)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 43,084
DEPRECIATION
At 1 August 2023 2,810
Charge for year 8,078
At 31 July 2024 10,888
NET BOOK VALUE
At 31 July 2024 32,196
At 31 July 2023 40,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 42,908 66,402
Other debtors 18,843 42,502
61,751 108,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 8,282 7,788
Hire purchase contracts 7,463 7,463
Trade creditors 16,233 40,026
Amounts owed to associates 79,720 61,475
Other creditors 38,314 142,204
150,012 258,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,282 16,760
Hire purchase contracts 16,134 23,907
24,416 40,667

Celtic Scaffolding Inc Limited (Registered number: 12093692)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 'A' Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 August 2023 165,312
Profit for the year 127,734
At 31 July 2024 293,046

10. RELATED PARTY DISCLOSURES

The company is controlled by its director's who own all the issued share capital.

The company has been advanced a loan from a company controlled by the directors. At the year end, the amount outstanding on this loan was £79,720 (2023 - £61,475)

Celtic Scaffolding Inc Limited

Report of the Accountants to the Directors of
Celtic Scaffolding Inc Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ


8 September 2024