Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Richard Mair 29/11/2018 Ross Paton 04/11/2020 07 January 2025 The principal activity of the Company during the financial year was the design and construction of scaffolding. SC614974 2024-07-31 SC614974 bus:Director1 2024-07-31 SC614974 bus:Director2 2024-07-31 SC614974 core:CurrentFinancialInstruments 2024-07-31 SC614974 core:CurrentFinancialInstruments 2023-07-31 SC614974 2023-07-31 SC614974 core:ShareCapital 2024-07-31 SC614974 core:ShareCapital 2023-07-31 SC614974 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC614974 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC614974 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-07-31 SC614974 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-07-31 SC614974 bus:OrdinaryShareClass1 2024-07-31 SC614974 2023-08-01 2024-07-31 SC614974 bus:FilletedAccounts 2023-08-01 2024-07-31 SC614974 bus:SmallEntities 2023-08-01 2024-07-31 SC614974 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC614974 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC614974 bus:Director1 2023-08-01 2024-07-31 SC614974 bus:Director2 2023-08-01 2024-07-31 SC614974 2022-08-01 2023-07-31 SC614974 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 SC614974 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC614974 (Scotland)

HTW SCAFFOLD SAFETY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

HTW SCAFFOLD SAFETY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

HTW SCAFFOLD SAFETY LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
HTW SCAFFOLD SAFETY LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Current assets
Debtors 3 9,082 3,895
Cash at bank and in hand 75,025 70,555
84,107 74,450
Creditors: amounts falling due within one year 4 ( 26,327) ( 24,720)
Net current assets 57,780 49,730
Total assets less current liabilities 57,780 49,730
Net assets 57,780 49,730
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 57,779 49,729
Total shareholders' funds 57,780 49,730

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of HTW Scaffold Safety Limited (registered number: SC614974) were approved and authorised for issue by the Board of Directors on 07 January 2025. They were signed on its behalf by:

Richard Mair
Director
Ross Paton
Director
HTW SCAFFOLD SAFETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
HTW SCAFFOLD SAFETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HTW Scaffold Safety Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Clava House, Cradlehall Business Park, Inverness, IV2 5GH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Trade debtors 8,790 3,603
Other debtors 292 292
9,082 3,895

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 10,439 10,439
Taxation and social security 7,384 6,427
Other creditors 8,504 7,854
26,327 24,720

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 0.10 each 1 1

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due to key management personnel 6,554 6,554

Other related party transactions

2024 2023
£ £
Amounts due to other related parties 10,439 10,439