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REGISTERED NUMBER: 08971049 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Oak Scaffolding Ltd

Oak Scaffolding Ltd (Registered number: 08971049)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oak Scaffolding Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J K Taylor
J C Fortescue
J S Hollands





REGISTERED OFFICE: 15 Sea Lane
Ferring
West Sussex
BN12 5DP





REGISTERED NUMBER: 08971049 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Oak Scaffolding Ltd (Registered number: 08971049)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 595,453 768,029

CURRENT ASSETS
Debtors 5 890,813 454,353
Cash at bank 83,446 26,826
974,259 481,179
CREDITORS
Amounts falling due within one year 6 (1,455,535 ) (1,026,903 )
NET CURRENT LIABILITIES (481,276 ) (545,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,177

222,305

CREDITORS
Amounts falling due after more than one
year

7

(47,243

)

(164,134

)
NET ASSETS 66,934 58,171

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 66,833 58,070
SHAREHOLDERS' FUNDS 66,934 58,171

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

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

Oak Scaffolding Ltd (Registered number: 08971049)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





J K Taylor - Director


Oak Scaffolding Ltd (Registered number: 08971049)

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

1. STATUTORY INFORMATION

Oak Scaffolding Ltd 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

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 - 20% on cost
Motor vehicles - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Oak Scaffolding Ltd (Registered number: 08971049)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 927,733 1,150 246,621 4,395 1,179,899
Additions 34,499 - 13,801 664 48,964
Disposals - - (24,500 ) - (24,500 )
At 30 June 2024 962,232 1,150 235,922 5,059 1,204,363
DEPRECIATION
At 1 July 2023 309,164 435 100,471 1,800 411,870
Charge for year 157,146 164 43,832 973 202,115
Eliminated on disposal - - (5,075 ) - (5,075 )
At 30 June 2024 466,310 599 139,228 2,773 608,910
NET BOOK VALUE
At 30 June 2024 495,922 551 96,694 2,286 595,453
At 30 June 2023 618,569 715 146,150 2,595 768,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 876,197 451,352
Other debtors 14,616 3,001
890,813 454,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 14,585 14,100
Hire purchase contracts 106,883 122,127
Trade creditors 169,167 85,548
Taxation and social security 14,779 21,746
Other creditors 1,150,121 783,382
1,455,535 1,026,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,879 19,887
Hire purchase contracts 37,364 144,247
47,243 164,134

Oak Scaffolding Ltd (Registered number: 08971049)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 144,247 266,374

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total annual commitments and guarantees of £37,100 (2023: £16,500).