Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Liam Godfrey 07/04/2015 28 January 2025 The principal activity of the company during the financial year was that of scaffolding contract. SC502514 2024-04-30 SC502514 bus:Director1 2024-04-30 SC502514 2023-04-30 SC502514 core:CurrentFinancialInstruments 2024-04-30 SC502514 core:CurrentFinancialInstruments 2023-04-30 SC502514 core:Non-currentFinancialInstruments 2024-04-30 SC502514 core:Non-currentFinancialInstruments 2023-04-30 SC502514 core:ShareCapital 2024-04-30 SC502514 core:ShareCapital 2023-04-30 SC502514 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC502514 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC502514 core:PlantMachinery 2023-04-30 SC502514 core:Vehicles 2023-04-30 SC502514 core:PlantMachinery 2024-04-30 SC502514 core:Vehicles 2024-04-30 SC502514 2022-04-30 SC502514 bus:OrdinaryShareClass1 2024-04-30 SC502514 2023-05-01 2024-04-30 SC502514 bus:FilletedAccounts 2023-05-01 2024-04-30 SC502514 bus:SmallEntities 2023-05-01 2024-04-30 SC502514 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC502514 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC502514 bus:Director1 2023-05-01 2024-04-30 SC502514 core:PlantMachinery 2023-05-01 2024-04-30 SC502514 core:Vehicles 2023-05-01 2024-04-30 SC502514 2022-05-01 2023-04-30 SC502514 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 SC502514 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC502514 (Scotland)

L AND M SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

L AND M SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

L AND M SCAFFOLDING LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
L AND M SCAFFOLDING LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 435,725 399,552
435,725 399,552
Current assets
Debtors 4 142,036 233,827
Cash at bank and in hand 367,223 214,585
509,259 448,412
Creditors: amounts falling due within one year 5 ( 145,277) ( 114,278)
Net current assets 363,982 334,134
Total assets less current liabilities 799,707 733,686
Creditors: amounts falling due after more than one year 6 ( 20,444) 0
Provision for liabilities 7, 8 ( 108,837) 0
Net assets 670,426 733,686
Capital and reserves
Called-up share capital 9 20 20
Profit and loss account 670,406 733,666
Total shareholders' funds 670,426 733,686

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of L and M Scaffolding Limited (registered number: SC502514) were approved and authorised for issue by the Director on 28 January 2025. They were signed on its behalf by:

Liam Godfrey
Director
L AND M SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
L AND M SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 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

L and M Scaffolding 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 30 Kingfisher Avenue, Forfar, DD8 3FS, Scotland, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 6

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 May 2023 604,118 34,567 638,685
Additions 101,175 44,365 145,540
At 30 April 2024 705,293 78,932 784,225
Accumulated depreciation
At 01 May 2023 218,434 20,699 239,133
Charge for the financial year 103,227 6,140 109,367
At 30 April 2024 321,661 26,839 348,500
Net book value
At 30 April 2024 383,632 52,093 435,725
At 30 April 2023 385,684 13,868 399,552

4. Debtors

2024 2023
£ £
Trade debtors 90,241 20,854
Other debtors 51,795 212,973
142,036 233,827

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 21,655
Taxation and social security 78,858 47,202
Obligations under finance leases and hire purchase contracts 10,667 0
Other creditors 55,752 45,421
145,277 114,278

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 20,444 0

7. Provision for liabilities

2024 2023
£ £
Deferred tax 108,837 0

8. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 108,837) 0
At the end of financial year ( 108,837) 0

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
20 Ordinary shares of £ 1.00 each 20 20

10. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amount owed to Directors 54,678 42,316