Registered number
06516747
Performance Scaffolding Limited
Filleted Accounts
29 February 2024
Performance Scaffolding Limited
Registered number: 06516747
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 447,598 406,957
Current assets
Debtors 4 300,642 335,425
Cash at bank and in hand 1,453,773 815,034
1,754,415 1,150,459
Creditors: amounts falling due within one year 5 (999,523) (467,250)
Net current assets 754,892 683,209
Total assets less current liabilities 1,202,490 1,090,166
Provisions for liabilities (59,000) (74,000)
Net assets 1,143,490 1,016,166
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 1,143,390 1,016,066
Shareholder's funds 1,143,490 1,016,166
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S J Fogarty
Director
Approved by the board on 26 November 2024
Performance Scaffolding Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings No depreciation charged
Plant and machinery 10% to 50% straight line
and 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 107,790 486,078 191,817 785,685
Additions - 133,603 67,245 200,848
Disposals - (84,591) - (84,591)
At 29 February 2024 107,790 535,090 259,062 901,942
Depreciation
At 1 March 2023 - 266,050 112,678 378,728
Charge for the year - 100,214 36,596 136,810
On disposals - (61,194) - (61,194)
At 29 February 2024 - 305,070 149,274 454,344
Net book value
At 29 February 2024 107,790 230,020 109,788 447,598
At 28 February 2023 107,790 220,028 79,139 406,957
4 Debtors 2024 2023
£ £
Trade debtors 118,033 176,094
Prepayments and accrued income 1,482 690
Other debtors 181,127 158,641
300,642 335,425
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,551 15,255
Taxation and social security costs 68,994 49,595
Accruals and deferred income 911,892 399,963
Other creditors 86 2,437
999,523 467,250
6 Share Capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 100 100
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S J Fogarty
Loan - 6,975 - 6,975
- 6,975 - 6,975
An unsecured loan was made to the director during the year, subject to interest equivalent to the official rate of interest used by HM Revenue & Customs for beneficial loans. Balance outstanding at the year end was £6,975.
8 Other information
Performance Scaffolding Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Ground Floor, Advance House
9 Waterfall Lane Trading Estate
Cradley Heath
West Midlands
B64 6PU
Its registered number is: 06516747
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