Acorah Software Products - Accounts Production 16.1.200 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10365705 Mr Paul Jennings Miss Leanne Dunks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10365705 2023-09-30 10365705 2024-09-30 10365705 2023-10-01 2024-09-30 10365705 frs-core:CurrentFinancialInstruments 2024-09-30 10365705 frs-core:Non-currentFinancialInstruments 2024-09-30 10365705 frs-core:ComputerEquipment 2024-09-30 10365705 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10365705 frs-core:ComputerEquipment 2023-09-30 10365705 frs-core:MotorVehicles 2024-09-30 10365705 frs-core:MotorVehicles 2023-10-01 2024-09-30 10365705 frs-core:MotorVehicles 2023-09-30 10365705 frs-core:PlantMachinery 2024-09-30 10365705 frs-core:PlantMachinery 2023-10-01 2024-09-30 10365705 frs-core:PlantMachinery 2023-09-30 10365705 frs-core:ShareCapital 2024-09-30 10365705 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10365705 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10365705 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10365705 frs-bus:SmallEntities 2023-10-01 2024-09-30 10365705 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10365705 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10365705 frs-bus:Director1 2023-10-01 2024-09-30 10365705 frs-bus:Director2 2023-10-01 2024-09-30 10365705 frs-countries:EnglandWales 2023-10-01 2024-09-30 10365705 2022-09-30 10365705 2023-09-30 10365705 2022-10-01 2023-09-30 10365705 frs-core:CurrentFinancialInstruments 2023-09-30 10365705 frs-core:Non-currentFinancialInstruments 2023-09-30 10365705 frs-core:ShareCapital 2023-09-30 10365705 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10365705 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 10365705
Local Scaffold Services Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10365705
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,222 98,602
102,222 98,602
CURRENT ASSETS
Debtors 5 130,369 231,486
Cash at bank and in hand 509,826 489,468
640,195 720,954
Creditors: Amounts Falling Due Within One Year 6 (82,601 ) (172,397 )
NET CURRENT ASSETS (LIABILITIES) 557,594 548,557
TOTAL ASSETS LESS CURRENT LIABILITIES 659,816 647,159
Creditors: Amounts Falling Due After More Than One Year 7 (8,165 ) (18,465 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,556 ) (28,039 )
NET ASSETS 626,095 600,655
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 625,995 600,555
SHAREHOLDERS' FUNDS 626,095 600,655
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Jennings
Director
Miss Leanne Dunks
Director
15 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Local Scaffold Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10365705 . The registered office is 6a Station Rd, Eckington, Sheffield, S21 4FX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 92,330 45,217 1,227 138,774
Additions - 32,945 - 32,945
Disposals - (5,750 ) - (5,750 )
As at 30 September 2024 92,330 72,412 1,227 165,969
Depreciation
As at 1 October 2023 24,067 15,242 863 40,172
Provided during the period 10,239 14,652 122 25,013
Disposals - (1,438 ) - (1,438 )
As at 30 September 2024 34,306 28,456 985 63,747
Net Book Value
As at 30 September 2024 58,024 43,956 242 102,222
As at 1 October 2023 68,263 29,975 364 98,602
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 130,369 164,797
Sundry debtors (Debtors < 1 year) - 11,780
CIS debtors (1) (Debtors < 1 year) - 54,909
130,369 231,486
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,930 7,740
Bank loans and overdrafts 10,054 9,808
Corporation tax 28,281 125,108
Other taxes and social security 9,836 -
Other creditors 25,149 24,122
Directors' loan accounts 5,351 5,619
82,601 172,397
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,165 18,465
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5