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REGISTERED NUMBER: SC158961 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

Check-It Scaffold Services Limited

Check-It Scaffold Services Limited (Registered number: SC158961)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Check-It Scaffold Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J Austin
Mrs H Austin





SECRETARY: Mrs H Austin





REGISTERED OFFICE: 61 James Watt Place
College Milton
East Kilbride
GLASGOW
G74 5HG





REGISTERED NUMBER: SC158961 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Check-It Scaffold Services Limited (Registered number: SC158961)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 42,528 49,544

CURRENT ASSETS
Inventories 211,657 178,695
Debtors 5 264,506 168,474
Cash at bank and in hand 186,511 242,824
662,674 589,993
CREDITORS
Amounts falling due within one year 6 313,369 317,465
NET CURRENT ASSETS 349,305 272,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,833

322,072

CREDITORS
Amounts falling due after more than one year 7 (156,159 ) (142,857 )

PROVISIONS FOR LIABILITIES (6,882 ) (8,261 )
NET ASSETS 228,792 170,954

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 228,592 170,754
SHAREHOLDERS' FUNDS 228,792 170,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Check-It Scaffold Services Limited (Registered number: SC158961)

Statement of Financial Position - continued
31 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 3 December 2024 and were signed on its behalf by:





Mr J Austin - Director


Check-It Scaffold Services Limited (Registered number: SC158961)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Check-It Scaffold Services Limited is a private company, limited by shares , registered in Scotland. 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.

Going concern
The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the invoiced provision of scaffolding services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Inventories
Work in progress is valued at the lower of cost and net realisable value.

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

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 statement of financial position date.


Check-It Scaffold Services Limited (Registered number: SC158961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 28 ) .

Check-It Scaffold Services Limited (Registered number: SC158961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 30,000 40,322 42,319 67,112 179,753
Additions - 420 - - 420
At 31 March 2024 30,000 40,742 42,319 67,112 180,173
DEPRECIATION
At 1 April 2023 13,500 10,000 40,675 66,034 130,209
Charge for year 1,500 4,612 246 1,078 7,436
At 31 March 2024 15,000 14,612 40,921 67,112 137,645
NET BOOK VALUE
At 31 March 2024 15,000 26,130 1,398 - 42,528
At 31 March 2023 16,500 30,322 1,644 1,078 49,544

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 192,785 157,673
Other debtors 9,986 10,801
202,771 168,474

Amounts falling due after more than one year:
Amounts owed by group undertakings 61,735 -

Aggregate amounts 264,506 168,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,225 -
Trade creditors 121,104 166,687
Taxation and social security 36,439 32,500
Other creditors 137,601 118,278
313,369 317,465

Check-It Scaffold Services Limited (Registered number: SC158961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 66,828
Other creditors 156,159 76,029
156,159 142,857

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

9. RELATED PARTY DISCLOSURES

There is a balance owed to the directors of £58 (2023 - £947) as at 31st March 2024. No interest was charged on this balance and there are no formal repayment terms.