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REGISTERED NUMBER: 05645765 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Summit Scaffolding Ltd.

Summit Scaffolding Ltd. (Registered number: 05645765)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Summit Scaffolding Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Betson
Mrs S Betson





REGISTERED OFFICE: Unit D South Cambridge Business Park
Babraham Road
Sawston
Cambridge
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 05645765 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Summit Scaffolding Ltd. (Registered number: 05645765)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,467 217,200

CURRENT ASSETS
Debtors 5 96,508 102,263
Cash at bank and in hand 335,071 254,365
431,579 356,628
CREDITORS
Amounts falling due within one year 6 116,331 99,305
NET CURRENT ASSETS 315,248 257,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,715

474,523

CREDITORS
Amounts falling due after more than one
year

7

(27,141

)

(49,190

)

PROVISIONS FOR LIABILITIES (18,784 ) (18,784 )
NET ASSETS 408,790 406,549

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 2 2
Retained earnings 408,786 406,545
SHAREHOLDERS' FUNDS 408,790 406,549

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

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

Summit Scaffolding Ltd. (Registered number: 05645765)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2024 and were signed on its behalf by:





A Betson - Director


Summit Scaffolding Ltd. (Registered number: 05645765)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Summit Scaffolding 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.
Plant and machinery etc - 25% on reducing balance and 20% on cost and at varying rates on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Summit Scaffolding Ltd. (Registered number: 05645765)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 549,186
Additions 16,536
Disposals (39,995 )
At 31 March 2024 525,727
DEPRECIATION
At 1 April 2023 331,986
Charge for year 68,272
Eliminated on disposal (13,998 )
At 31 March 2024 386,260
NET BOOK VALUE
At 31 March 2024 139,467
At 31 March 2023 217,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,940 33,826
Other debtors 62,568 68,437
96,508 102,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 23,374
Hire purchase contracts 8,216 8,644
Trade creditors 6,758 20,438
Taxation and social security 90,666 46,537
Other creditors 43 312
116,331 99,305

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,447 10,648
Hire purchase contracts 13,694 38,542
27,141 49,190