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REGISTERED NUMBER: 10080696 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FOLKESTONE SCAFFOLDING LIMITED

FOLKESTONE SCAFFOLDING LIMITED (REGISTERED NUMBER: 10080696)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOLKESTONE SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N T Rix
B T Rix





REGISTERED OFFICE: Longhill
Off Astley Avenue
DOVER
Kent
CT16 2NJ





REGISTERED NUMBER: 10080696 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

FOLKESTONE SCAFFOLDING LIMITED (REGISTERED NUMBER: 10080696)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,775 29,346
37,775 29,346

CURRENT ASSETS
Debtors 6 121,581 163,125
Cash at bank - 8,437
121,581 171,562
CREDITORS
Amounts falling due within one year 7 120,537 153,363
NET CURRENT ASSETS 1,044 18,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,819

47,545

CREDITORS
Amounts falling due after more than one
year

8

(10,833

)

(21,233

)

PROVISIONS FOR LIABILITIES (3,370 ) (3,386 )
NET ASSETS 24,616 22,926

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 24,516 22,826
SHAREHOLDERS' FUNDS 24,616 22,926

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

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

FOLKESTONE SCAFFOLDING LIMITED (REGISTERED NUMBER: 10080696)

BALANCE SHEET - continued
30 APRIL 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 29 January 2025 and were signed on its behalf by:





N T Rix - Director


FOLKESTONE SCAFFOLDING LIMITED (REGISTERED NUMBER: 10080696)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Folkestone 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. 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, has been fully amortised.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance

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. There is no liability for the year by virture of losses surrendered by the parent company.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

FOLKESTONE SCAFFOLDING LIMITED (REGISTERED NUMBER: 10080696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,006
AMORTISATION
At 1 May 2023
and 30 April 2024 60,006
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 55,594 12,500 68,094
Additions - 25,999 25,999
Disposals - (12,500 ) (12,500 )
At 30 April 2024 55,594 25,999 81,593
DEPRECIATION
At 1 May 2023 35,623 3,125 38,748
Charge for year 2,995 5,200 8,195
Eliminated on disposal - (3,125 ) (3,125 )
At 30 April 2024 38,618 5,200 43,818
NET BOOK VALUE
At 30 April 2024 16,976 20,799 37,775
At 30 April 2023 19,971 9,375 29,346

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,512 25,868
Other debtors 69,400 30,960
VAT 13,336 -
Amounts owed by group undertakings - 84,252
Prepayments 22,333 22,045
121,581 163,125

FOLKESTONE SCAFFOLDING LIMITED (REGISTERED NUMBER: 10080696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,667 9,600
Trade creditors 33,114 99,134
Tax 1,203 -
Social security and other taxes - 31
VAT - 6,136
Other creditors 1,830 1,514
Amounts payable to group undertakings 34,668 -
Director's current account 30,055 36,948
120,537 153,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 9,600
Bank loans - 2-5 years 833 11,633
10,833 21,233

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,800 11,800
Between one and five years 31,467 43,267
43,267 55,067

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 9,667 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. PARENT COMPANY

The company is a wholly owned subsidiary of NT Rix Scaffolding Limited.
The registered office address of NT Rix Scaffolding Limited is the same as Folkestone Scaffolding Limited
which can be found on the Company Information page.