Stronghold Scaffolding Ltd
Registered number: 09182210
Statement of Financial Position
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 99,013 115,257
Current assets
Debtors 5 469,398 453,785
Cash at bank and in hand 140,381 118,238
609,779 572,023
Creditors: amounts falling due within one year 6 (83,626) (111,585)
Net current assets 526,153 460,438
Total assets less current liabilities 625,166 575,695
Creditors: amounts falling due after more than one year 7 (11,664) (30,673)
Provisions for liabilities (24,030) (21,899)
Net assets 589,472 523,123
Capital and reserves
Called up share capital 99 99
Profit and loss account 589,373 523,024
Shareholder's funds 589,472 523,123
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Monger
Director
Approved by the board on 4 December 2024
Stronghold Scaffolding Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Exceptional items 2024 2023
£ £
Loan write off Chelsea Roofing Ltd - 486
- 486
3 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 2 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 310,571
Additions 32,359
Disposals (117,122)
At 31 August 2024 225,808
Depreciation
At 1 September 2023 195,314
Charge for the year 33,005
On disposals (101,524)
At 31 August 2024 126,795
Net book value
At 31 August 2024 99,013
At 31 August 2023 115,257
5 Debtors 2024 2023
£ £
Trade debtors 36,650 57,241
Prepayments - 3,024
Other debtors 432,748 393,520
469,398 453,785
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,227 17,772
Obligations under finance lease and hire purchase contracts 8,782 12,175
Trade creditors 5,853 14,345
Accruals 1,719 1,746
Corporation tax 40,855 46,872
Other taxes and social security costs 5,570 2,782
Other creditors 10,620 15,893
83,626 111,585
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,555 19,782
Obligations under finance lease and hire purchase contracts 2,109 10,891
11,664 30,673
8 Other information
Stronghold Scaffolding Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Crane Court
College Town
Sandhurst
Berkshire
GU47 0YB
Stronghold Scaffolding Ltd 09182210 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Paul Monger No description of principal activity 09182210 2022-09-01 2023-08-31 09182210 core:WithinOneYear 2023-08-31 09182210 core:AfterOneYear 2023-08-31 09182210 core:ShareCapital 2023-08-31 09182210 core:RetainedEarningsAccumulatedLosses 2023-08-31 09182210 2023-09-01 2024-08-31 09182210 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09182210 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09182210 bus:Director40 2023-09-01 2024-08-31 09182210 1 2023-09-01 2024-08-31 09182210 2 2023-09-01 2024-08-31 09182210 core:PlantMachinery 2023-09-01 2024-08-31 09182210 countries:England 2023-09-01 2024-08-31 09182210 bus:FRS102 2023-09-01 2024-08-31 09182210 bus:FilletedAccounts 2023-09-01 2024-08-31 09182210 2024-08-31 09182210 core:WithinOneYear 2024-08-31 09182210 core:AfterOneYear 2024-08-31 09182210 core:ShareCapital 2024-08-31 09182210 core:RetainedEarningsAccumulatedLosses 2024-08-31 09182210 core:PlantMachinery 2024-08-31 09182210 2023-08-31 09182210 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure