REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MARCH 2024 |
FOR |
JLP SCAFFOLDING LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 30 March 2024 |
DEPRECIATION |
At 31 March 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 30 March 2023 |
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 |
Additions |
Transfer to ownership | (323,273 | ) |
At 30 March 2024 |
DEPRECIATION |
At 31 March 2023 |
Charge for year |
Transfer to ownership | (205,005 | ) |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 30 March 2023 |
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 |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 9) |
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 |
Between one and five years |
Finance charges repayable: |
Within one year |
Between one and five years |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
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 |