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REGISTERED NUMBER: 04462038 (England and Wales)















DIRECT SCAFFOLD SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRECT SCAFFOLD SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A Gilbert
E J Gilbert





SECRETARY: A Gilbert





REGISTERED OFFICE: W H Prior
Railway Court
Doncaster
South Yorkshire
DN4 5FB





REGISTERED NUMBER: 04462038 (England and Wales)





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 227,205 149,387
227,205 149,387

CURRENT ASSETS
Stocks 450 400
Debtors 6 905,971 739,968
Cash at bank 181,254 192,106
1,087,675 932,474
CREDITORS
Amounts falling due within one year 7 451,390 403,165
NET CURRENT ASSETS 636,285 529,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,490

678,696

CREDITORS
Amounts falling due after more than one
year

8

(31,793

)

(48,896

)

PROVISIONS FOR LIABILITIES (34,926 ) (37,290 )
NET ASSETS 796,771 592,510

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 796,761 592,500
SHAREHOLDERS' FUNDS 796,771 592,510

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

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

DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:





A Gilbert - Director


DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Direct Scaffold Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1
AMORTISATION
At 1st April 2023
and 31st March 2024 1
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 944,102
Additions 107,920
At 31st March 2024 1,052,022
DEPRECIATION
At 1st April 2023 794,715
Charge for year 30,102
At 31st March 2024 824,817
NET BOOK VALUE
At 31st March 2024 227,205
At 31st March 2023 149,387

DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 33,187
DEPRECIATION
At 1st April 2023 8,297
Charge for year 6,223
At 31st March 2024 14,520
NET BOOK VALUE
At 31st March 2024 18,667
At 31st March 2023 24,890

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,509 175,708
Other debtors 852,462 564,260
905,971 739,968

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,070 10,000
Hire purchase contracts (see note 9) 7,103 7,103
Trade creditors 7,146 12,928
Taxation and social security 112,313 111,492
Other creditors 314,758 261,642
451,390 403,165

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts (see note 9) 20,126 27,229
31,793 48,896

DIRECT SCAFFOLD SERVICES LIMITED (REGISTERED NUMBER: 04462038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 7,103 7,103
Between one and five years 20,126 27,229
27,229 34,332

Non-cancellable operating leases
2024 2023
£    £   
Within one year 69,000 69,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
A Gilbert
Balance outstanding at start of year (340 ) -
Amounts repaid - (340 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (340 ) (340 )

11. RELATED PARTY DISCLOSURES

The company has advanced loans to Woodsett Homes Limited, a company also under the control of Mr. A. Gilbert. As at the balance sheet date the amount of the loan was £454,551 (2023: £231,792). This loan is unsecured and interest free.Trading transactions have taken place between Direct Scaffold Services Limited and Woodsett Homes Limited during the year which are regarded as having been transacted under normal commercial terms.As at the balance sheet date Woodsett Homes Limited were owed £105,000 by Direct Scaffold Services Limited in connection with those trading transactions.

The company has also advanced loans to Direct Scaffold Doncaster Limited, a company also under the control of Mr. A. Gilbert. As at the balance sheet date the loan owing from Direct Scaffold Doncaster Limited was £387,628 (2023: £328,501). This loan is unsecured and interest free. Trading transactions have taken place between Direct Scaffold Services Limited and Direct Scaffold Doncaster Limited during the year which are regarded as having been transacted under normal commercial terms.

The company has also received loans from Global Developments (UK) Limited, a company also under the control of Mr. A. Gilbert. As at the balance sheet date the loan owing to Global Developments (UK) Limited was £204,047 (2023: £251,708). This loan is unsecured and interest free.

12. ULTIMATE CONTROLLING PARTY

Mr A Gilbert, who holds 100% of the issued share capital of the company, is the ultimate controlling party.