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REGISTERED NUMBER: 04690450 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 945,574 1,064,766

CURRENT ASSETS
Work in progress 277,598 181,807
Debtors 5 327,102 337,705
Cash at bank and in hand 49 26,624
604,749 546,136
CREDITORS
Amounts falling due within one year 6 716,611 620,008
NET CURRENT LIABILITIES (111,862 ) (73,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,712

990,894

CREDITORS
Amounts falling due after more than one
year

7

(20,851

)

(92,204

)

PROVISIONS FOR LIABILITIES (225,553 ) (254,490 )
NET ASSETS 587,308 644,200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 587,208 644,100
SHAREHOLDERS' FUNDS 587,308 644,200

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr M R Bacon - Director


ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Advanced Scaffolding (Southwest) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04690450

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.

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 reducing balance, 25% on reducing balance and 15% 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 work in progress to their present location and condition.

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 balance sheet date.


ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 67 ) .

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 2,814,381
Additions 65,043
Disposals (3,788 )
At 30 September 2024 2,875,636
DEPRECIATION
At 1 October 2023 1,749,615
Charge for year 183,856
Eliminated on disposal (3,409 )
At 30 September 2024 1,930,062
NET BOOK VALUE
At 30 September 2024 945,574
At 30 September 2023 1,064,766

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

Plant and
machinery
etc
£   
COST
At 1 October 2023 139,398
Transfer to ownership (99,063 )
At 30 September 2024 40,335
DEPRECIATION
At 1 October 2023 72,966
Charge for year 7,563
Transfer to ownership (62,882 )
At 30 September 2024 17,647
NET BOOK VALUE
At 30 September 2024 22,688
At 30 September 2023 66,432

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 300,826 306,577
Other debtors 26,276 31,128
327,102 337,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,602 47,303
Hire purchase contracts (see note 8) 6,498 37,023
Trade creditors 407,026 234,005
Taxation and social security 72,726 86,411
Other creditors 180,759 215,266
716,611 620,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 7,915 15,579
Other creditors 12,936 76,625
20,851 92,204

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,498 37,023
Between one and five years 7,915 15,579
14,413 52,602

ADVANCED SCAFFOLDING (SOUTHWEST) LIMITED (REGISTERED NUMBER: 04690450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 324,442 217,066
Between one and five years 291,050 382,844
615,492 599,910

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 14,413 52,602