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REGISTERED NUMBER: 07497987 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 May 2024

for

First Choice Scaffolding Limited

First Choice Scaffolding Limited (Registered number: 07497987)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Choice Scaffolding Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D T D Hope





REGISTERED OFFICE: Unit 1b
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU





REGISTERED NUMBER: 07497987 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

First Choice Scaffolding Limited (Registered number: 07497987)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 885,430 840,751

CURRENT ASSETS
Debtors 6 543,774 410,052
Cash at bank and in hand 22,181 14,240
565,955 424,292
CREDITORS
Amounts falling due within one year 7 651,386 480,137
NET CURRENT LIABILITIES (85,431 ) (55,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

799,999

784,906

CREDITORS
Amounts falling due after more than one
year

8

(141,608

)

(204,873

)

PROVISIONS FOR LIABILITIES (211,226 ) (191,159 )
NET ASSETS 447,165 388,874

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 447,065 388,774
SHAREHOLDERS' FUNDS 447,165 388,874

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

First Choice Scaffolding Limited (Registered number: 07497987)

Balance Sheet - continued
31 May 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 director and authorised for issue on 7 December 2024 and were signed by:





D T D Hope - Director


First Choice Scaffolding Limited (Registered number: 07497987)

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

1. STATUTORY INFORMATION

First Choice Scaffolding Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover from the sale of scaffolding is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery.

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 etc - 50% on cost, 33% on cost, 25% on cost and 10% on cost

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.

First Choice Scaffolding Limited (Registered number: 07497987)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 1,900,748
Additions 244,489
At 31 May 2024 2,145,237
DEPRECIATION
At 1 June 2023 1,059,997
Charge for year 199,810
At 31 May 2024 1,259,807
NET BOOK VALUE
At 31 May 2024 885,430
At 31 May 2023 840,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 366,676 340,120
Other debtors 177,098 69,932
543,774 410,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 206,136 138,573
Hire purchase contracts 138,897 161,149
Trade creditors 167,045 76,439
Taxation and social security 6,969 5,379
Other creditors 132,339 98,597
651,386 480,137

First Choice Scaffolding Limited (Registered number: 07497987)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,574 89,461
Hire purchase contracts 129,034 115,412
141,608 204,873