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Company Registration No. 05616599 (England and Wales)
Ash Scaffolding Limited Unaudited accounts for the year ended 31 March 2024
Ash Scaffolding Limited Unaudited accounts Contents
Page
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Ash Scaffolding Limited Company Information for the year ended 31 March 2024
Director
Mr Ashley Hodgkins
Secretary
S Hodgkins
Company Number
05616599 (England and Wales)
Registered Office
UNIT H SMARDEN BUSINESS ESTATE MONKS HILL, SMARDEN ROAD SMARDEN, ASHFORD KENT TN27 8QL
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Ash Scaffolding Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,774 
3,468 
Tangible assets
267,730 
312,750 
270,504 
316,218 
Current assets
Debtors
100,662 
102,394 
Cash at bank and in hand
145,443 
75,609 
246,105 
178,003 
Creditors: amounts falling due within one year
(112,381)
(72,903)
Net current assets
133,724 
105,100 
Total assets less current liabilities
404,228 
421,318 
Creditors: amounts falling due after more than one year
(57,182)
(92,312)
Provisions for liabilities
Deferred tax
(48,641)
(47,837)
Net assets
298,405 
281,169 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
35,000 
35,000 
Profit and loss account
263,395 
246,159 
Shareholders' funds
298,405 
281,169 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2024 and were signed on its behalf by
Mr Ashley Hodgkins Director Company Registration No. 05616599
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Ash Scaffolding Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ash Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 05616599. The registered office is UNIT H SMARDEN BUSINESS ESTATE, MONKS HILL, SMARDEN ROAD, SMARDEN, ASHFORD, KENT, TN27 8QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation director feels value greater than book value
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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Ash Scaffolding Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
41,500 
At 31 March 2024
41,500 
Amortisation
At 1 April 2023
38,032 
Charge for the year
694 
At 31 March 2024
38,726 
Net book value
At 31 March 2024
2,774 
At 31 March 2023
3,468 
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Ash Scaffolding Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
60,982 
363,702 
203,708 
9,970 
638,362 
Additions
- 
13,514 
15,632 
- 
29,146 
At 31 March 2024
60,982 
377,216 
219,340 
9,970 
667,508 
Depreciation
At 1 April 2023
- 
216,479 
99,986 
9,147 
325,612 
Charge for the year
- 
40,184 
33,776 
206 
74,166 
At 31 March 2024
- 
256,663 
133,762 
9,353 
399,778 
Net book value
At 31 March 2024
60,982 
120,553 
85,578 
617 
267,730 
At 31 March 2023
60,982 
147,223 
103,722 
823 
312,750 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,078 
48,808 
Accrued income and prepayments
10,297 
8,788 
Other debtors
67,287 
44,798 
100,662 
102,394 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,219 
9,219 
VAT
14,563 
14,514 
Obligations under finance leases and hire purchase contracts
33,086 
30,336 
Trade creditors
975 
2,425 
Taxes and social security
30,170 
14,405 
Loans from directors
906 
804 
Accruals
23,462 
1,200 
112,381 
72,903 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,790 
23,361 
Obligations under finance leases and hire purchase contracts
43,392 
68,951 
57,182 
92,312 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Ash Scaffolding Limited Notes to the Accounts for the year ended 31 March 2024
10
Transactions with related parties
During the year charges of £10,000 (2022 £25,000) were received from Ash Plant Ltd a company owned by Ashley Hodgkins. At the year end the balance owed by Ash Plant Ltd was £43,598 (2022 £28,868)
11
Controlling party
Ashley Hodgkins is the ultimate controller by virtue of his 100% shareholding
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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