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REGISTERED NUMBER: 10030774 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Penistone Scaffolding Limited

Penistone Scaffolding Limited (Registered number: 10030774)






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


Penistone Scaffolding Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr P L Herbert





REGISTERED OFFICE: Pit Yard
Wham Road
Crow Edge
Sheffield
South Yorkshire
S36 4HB





REGISTERED NUMBER: 10030774 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Penistone Scaffolding Limited (Registered number: 10030774)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 237,227 208,539

CURRENT ASSETS
Debtors 6 756,055 324,780
Cash at bank 19,374 7,654
775,429 332,434
CREDITORS
Amounts falling due within one year 7 350,554 152,917
NET CURRENT ASSETS 424,875 179,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,102

388,056

CREDITORS
Amounts falling due after more than one
year

8

(38,555

)

(25,493

)

PROVISIONS FOR LIABILITIES (52,555 ) (35,488 )
NET ASSETS 570,992 327,075

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 570,892 326,975
SHAREHOLDERS' FUNDS 570,992 327,075

Penistone Scaffolding Limited (Registered number: 10030774)

Balance Sheet - continued
29 February 2024


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 director acknowledges his 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





Mr P L Herbert - Director


Penistone Scaffolding Limited (Registered number: 10030774)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Penistone Scaffolding 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 (£).


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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Penistone Scaffolding Limited (Registered number: 10030774)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 241,196 109,270 3,147 353,613
Additions 45,733 36,488 349 82,570
At 29 February 2024 286,929 145,758 3,496 436,183
DEPRECIATION
At 1 March 2023 98,760 44,529 1,785 145,074
Charge for year 28,228 25,309 345 53,882
At 29 February 2024 126,988 69,838 2,130 198,956
NET BOOK VALUE
At 29 February 2024 159,941 75,920 1,366 237,227
At 28 February 2023 142,436 64,741 1,362 208,539

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,475 76,063
Other debtors 630,580 248,717
756,055 324,780

Penistone Scaffolding Limited (Registered number: 10030774)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,964 8,998
Trade creditors 6,800 14,717
Taxation and social security 313,206 123,398
Other creditors 14,584 5,804
350,554 152,917

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 38,555 25,493

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 100 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr P L Herbert
Balance outstanding at start of year 248,350 -
Amounts advanced 3,941,224 248,350
Amounts repaid (160,285 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,029,289 248,350