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REGISTERED NUMBER: 12466529 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

NEXT LEVEL SCAFFOLDING SERVICES LTD

NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

NEXT LEVEL SCAFFOLDING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: L Aceto
Mrs J A Aceto





REGISTERED OFFICE: 61 Harpur Street
Bedford
Bedfordshire
MK40 2SS





REGISTERED NUMBER: 12466529 (England and Wales)





ACCOUNTANTS: Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR

NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,095 132,308

CURRENT ASSETS
Stocks 1,760 3,850
Debtors 5 101,904 60,877
Cash at bank and in hand 152 2,713
103,816 67,440
CREDITORS
Amounts falling due within one year 6 105,423 92,034
NET CURRENT LIABILITIES (1,607 ) (24,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,488

107,714

CREDITORS
Amounts falling due after more than one
year

7

(41,217

)

(51,417

)

PROVISIONS FOR LIABILITIES (19,970 ) (11,614 )
NET ASSETS 47,301 44,683

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 47,101 44,483
SHAREHOLDERS' FUNDS 47,301 44,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)

BALANCE SHEET - continued
29 FEBRUARY 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 21 November 2024 and were signed on its behalf by:





L Aceto - Director


NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Next Level Scaffolding Services Ltd 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.

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 - 15% on reducing balance and Straight line over 3 years

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.

NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 166,206
Additions 541
At 29 February 2024 166,747
DEPRECIATION
At 1 March 2023 33,898
Charge for year 22,754
At 29 February 2024 56,652
NET BOOK VALUE
At 29 February 2024 110,095
At 28 February 2023 132,308

NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. 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 1 March 2023
and 29 February 2024 26,000
DEPRECIATION
At 1 March 2023 3,900
Charge for year 3,315
At 29 February 2024 7,215
NET BOOK VALUE
At 29 February 2024 18,785
At 28 February 2023 22,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 53,439 41,102
Other debtors 48,465 19,775
101,904 60,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 33,936 42,648
Hire purchase contracts 5,200 5,200
Trade creditors 15,165 28,423
Other creditors 51,122 15,763
105,423 92,034

NEXT LEVEL SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 12466529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 31,250 36,250
Hire purchase contracts 9,967 15,167
41,217 51,417

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,250 16,250

NEXT LEVEL SCAFFOLDING SERVICES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NEXT LEVEL SCAFFOLDING SERVICES LTD

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 29 February 2024 set out on pages three to nine 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.






Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR


21 November 2024