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REGISTERED NUMBER: 10092218 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Terjon Scaffold Limited

Terjon Scaffold Limited (Registered number: 10092218)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Terjon Scaffold Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C S P White





REGISTERED OFFICE: 5 Wakeling Close
Whetstone
Leicester
Leicestershire
LE8 6QT





REGISTERED NUMBER: 10092218 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Terjon Scaffold Limited (Registered number: 10092218)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 144,953 202,748

CURRENT ASSETS
Stocks 30,000 40,000
Debtors 5 266,012 269,080
Cash at bank and in hand 152 63,934
296,164 373,014
CREDITORS
Amounts falling due within one year 6 (204,287 ) (189,086 )
NET CURRENT ASSETS 91,877 183,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,830

386,676

CREDITORS
Amounts falling due after more than one
year

7

(91,921

)

(176,318

)

PROVISIONS FOR LIABILITIES (23,704 ) (33,891 )
NET ASSETS 121,205 176,467

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 121,204 176,466
121,205 176,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Terjon Scaffold Limited (Registered number: 10092218)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





C S P White - Director


Terjon Scaffold Limited (Registered number: 10092218)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Terjon Scaffold 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchases, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

Terjon Scaffold Limited (Registered number: 10092218)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under the 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 shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Government grants
Government grants receivable in relation to expenditure is recognised when the expenditure is charged to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 323,942 7,900 184,039 4,105 519,986
Additions - - - 1,224 1,224
Disposals - - (25,000 ) - (25,000 )
At 30 April 2024 323,942 7,900 159,039 5,329 496,210
DEPRECIATION
At 1 May 2023 256,378 2,682 54,443 3,735 317,238
Charge for year 16,959 989 29,762 762 48,472
Eliminated on disposal - - (14,453 ) - (14,453 )
At 30 April 2024 273,337 3,671 69,752 4,497 351,257
NET BOOK VALUE
At 30 April 2024 50,605 4,229 89,287 832 144,953
At 30 April 2023 67,564 5,218 129,596 370 202,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 130,316 102,977
Amounts owed by group undertakings 113,790 118,968
Other debtors 21,906 47,135
266,012 269,080

Included in other debtors are prepayments and accrued income of £18,843 (2023: £32,074).

Terjon Scaffold Limited (Registered number: 10092218)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 62,406 48,219
Hire purchase contracts 24,786 15,474
Trade creditors 39,346 41,774
Taxation and social security 31,888 54,766
Other creditors 45,861 28,853
204,287 189,086

Included in other creditors are accruals and deferred income of £10,134 (2023: £19,090).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 41,282 100,893
Hire purchase contracts 50,639 75,425
91,921 176,318

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 75,425 90,899
Bank loans and overdraft 100,492 149,112
175,917 240,011

The bank borrowing is secured by a fixed and floating charge over the assets of the company.

Hire purchase liabilities are secured on the individual assets being so acquired.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £31,196 (2023: £54,994).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
C S P White
Balance outstanding at start of year - -
Amounts advanced 22,790 -
Amounts repaid (22,790 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Terjon Scaffold Limited (Registered number: 10092218)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The loan was repayable on demand and interest has been charged at the HMRC Official Rate.