IRIS Accounts Production v24.3.0.553 09459875 Board of Directors 31.3.23 30.3.24 30.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094598752023-03-30094598752024-03-30094598752023-03-312024-03-30094598752022-03-31094598752022-04-012023-03-30094598752023-03-3009459875ns15:EnglandWales2023-03-312024-03-3009459875ns14:PoundSterling2023-03-312024-03-3009459875ns10:Director12023-03-312024-03-3009459875ns10:PrivateLimitedCompanyLtd2023-03-312024-03-3009459875ns10:SmallEntities2023-03-312024-03-3009459875ns10:AuditExempt-NoAccountantsReport2023-03-312024-03-3009459875ns10:SmallCompaniesRegimeForDirectorsReport2023-03-312024-03-3009459875ns10:SmallCompaniesRegimeForAccounts2023-03-312024-03-3009459875ns10:FullAccounts2023-03-312024-03-3009459875ns10:Director22023-03-312024-03-3009459875ns10:RegisteredOffice2023-03-312024-03-3009459875ns5:CurrentFinancialInstruments2024-03-3009459875ns5:CurrentFinancialInstruments2023-03-3009459875ns5:Non-currentFinancialInstruments2024-03-3009459875ns5:Non-currentFinancialInstruments2023-03-3009459875ns5:ShareCapital2024-03-3009459875ns5:ShareCapital2023-03-3009459875ns5:RetainedEarningsAccumulatedLosses2024-03-3009459875ns5:RetainedEarningsAccumulatedLosses2023-03-3009459875ns5:PlantMachinery2023-03-312024-03-3009459875ns5:PlantMachinery2023-03-3009459875ns5:PlantMachinery2024-03-3009459875ns5:PlantMachinery2023-03-3009459875ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3009459875ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-312024-03-3009459875ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3009459875ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3009459875ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3009459875ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3009459875ns5:HirePurchaseContractsns5:WithinOneYear2024-03-3009459875ns5:HirePurchaseContractsns5:WithinOneYear2023-03-3009459875ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3009459875ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3009459875ns5:HirePurchaseContracts2024-03-3009459875ns5:HirePurchaseContracts2023-03-3009459875ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3009459875ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3009459875ns5:WithinOneYear2024-03-3009459875ns5:WithinOneYear2023-03-3009459875ns5:BetweenOneFiveYears2024-03-3009459875ns5:BetweenOneFiveYears2023-03-3009459875ns5:AllPeriods2024-03-3009459875ns5:AllPeriods2023-03-30
REGISTERED NUMBER: 09459875 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

JLP SCAFFOLDING LTD

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JLP SCAFFOLDING LTD

COMPANY INFORMATION
for the Year Ended 30 March 2024







DIRECTORS: J L Precious
Mrs D Precious





REGISTERED OFFICE: Units G & H Londesborough Street
Hull
HU3 1DS





REGISTERED NUMBER: 09459875 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,278,306 1,140,688

CURRENT ASSETS
Stocks 251,105 256,949
Debtors 6 510,510 522,714
Cash at bank 105,976 157,667
867,591 937,330
CREDITORS
Amounts falling due within one year 7 440,404 527,605
NET CURRENT ASSETS 427,187 409,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,705,493

1,550,413

CREDITORS
Amounts falling due after more than one year 8 (433,160 ) (341,392 )

PROVISIONS FOR LIABILITIES (310,525 ) (274,162 )
NET ASSETS 961,808 934,859

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 960,808 933,859
SHAREHOLDERS' FUNDS 961,808 934,859

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

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

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

BALANCE SHEET - continued
30 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 10 September 2024 and were signed on its behalf by:





J L Precious - Director


JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 March 2024


1. STATUTORY INFORMATION

JLP Scaffolding Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Units G & H Londesborough Street, Hull, HU3 1DS.

The principal activity of the company is that of scaffolding erection.

The presentational currency of the financial statements is 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
The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

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 - 25% on cost, 20% on cost, 10% on cost and 4% - 10% on cost less residual value

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Tangible fixed assets are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

Stocks
Stocks are stated 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 comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


3. ACCOUNTING POLICIES - continued

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.

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.

Obligations under hire purchase agreements are recognised as creditors, The underlying assets are capitalised and depreciated in accordance with the accounting policy described above. Interest payable is charged to profit over the term of the agreement.

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 39 (2023 - 40 ) .

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023 1,762,708
Additions 394,168
Disposals (14,790 )
At 30 March 2024 2,142,086
DEPRECIATION
At 31 March 2023 622,020
Charge for year 256,550
Eliminated on disposal (14,790 )
At 30 March 2024 863,780
NET BOOK VALUE
At 30 March 2024 1,278,306
At 30 March 2023 1,140,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 31 March 2023 909,134
Additions 315,896
Transfer to ownership (323,273 )
At 30 March 2024 901,757
DEPRECIATION
At 31 March 2023 246,366
Charge for year 149,370
Transfer to ownership (205,005 )
At 30 March 2024 190,731
NET BOOK VALUE
At 30 March 2024 711,026
At 30 March 2023 662,768

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 432,768 455,119
Amounts owed by group undertakings 38,387 14,724
Other debtors 39,355 52,871
510,510 522,714

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 214,816 227,127
Trade creditors 58,890 109,502
Taxation and social security 95,957 51,643
Other creditors 70,741 139,333
440,404 527,605

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,304 45,816
Hire purchase contracts (see note 9) 424,856 295,576
433,160 341,392

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 238,499 239,752
Between one and five years 450,664 311,332
689,163 551,084

Finance charges repayable:
Within one year 23,683 12,625
Between one and five years 25,808 15,756
49,491 28,381

Net obligations repayable:
Within one year 214,816 227,127
Between one and five years 424,856 295,576
639,672 522,703

Non-cancellable operating leases
2024 2023
£    £   
Within one year 11,824 11,824
Between one and five years 18,722 30,546
30,546 42,370

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 639,672 522,703

Amounts owed under hire purchase agreements are secured on the assets to which they relate.

JLP SCAFFOLDING LTD (REGISTERED NUMBER: 09459875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 March 2024


11. ULTIMATE CONTROLLING PARTY

The controlling party is JLP Scaffolding (Holdings) Ltd.

The ultimate controlling party is J L & Mrs D Precious.