Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08533299 Mr Bradley Barker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08533299 2023-05-31 08533299 2024-05-31 08533299 2023-06-01 2024-05-31 08533299 frs-core:CurrentFinancialInstruments 2024-05-31 08533299 frs-core:Non-currentFinancialInstruments 2024-05-31 08533299 frs-core:ComputerEquipment 2024-05-31 08533299 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08533299 frs-core:ComputerEquipment 2023-05-31 08533299 frs-core:FurnitureFittings 2024-05-31 08533299 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08533299 frs-core:FurnitureFittings 2023-05-31 08533299 frs-core:MotorVehicles 2024-05-31 08533299 frs-core:MotorVehicles 2023-06-01 2024-05-31 08533299 frs-core:MotorVehicles 2023-05-31 08533299 frs-core:PlantMachinery 2024-05-31 08533299 frs-core:PlantMachinery 2023-06-01 2024-05-31 08533299 frs-core:PlantMachinery 2023-05-31 08533299 frs-core:WithinOneYear 2024-05-31 08533299 frs-core:ShareCapital 2024-05-31 08533299 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08533299 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08533299 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08533299 frs-bus:SmallEntities 2023-06-01 2024-05-31 08533299 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08533299 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08533299 frs-bus:Director1 2023-06-01 2024-05-31 08533299 frs-countries:EnglandWales 2023-06-01 2024-05-31 08533299 2022-05-31 08533299 2023-05-31 08533299 2022-06-01 2023-05-31 08533299 frs-core:CurrentFinancialInstruments 2023-05-31 08533299 frs-core:Non-currentFinancialInstruments 2023-05-31 08533299 frs-core:BetweenOneFiveYears 2023-05-31 08533299 frs-core:WithinOneYear 2023-05-31 08533299 frs-core:ShareCapital 2023-05-31 08533299 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08533299
We Tube Scaffolding Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08533299
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 282,501 324,347
282,501 324,347
CURRENT ASSETS
Stocks 5 30,633 44,080
Debtors 6 183,175 159,372
Cash at bank and in hand 135,868 173,168
349,676 376,620
Creditors: Amounts Falling Due Within One Year 7 (146,129 ) (165,204 )
NET CURRENT ASSETS (LIABILITIES) 203,547 211,416
TOTAL ASSETS LESS CURRENT LIABILITIES 486,048 535,763
Creditors: Amounts Falling Due After More Than One Year 8 - (13,477 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (91,549 ) (81,087 )
NET ASSETS 394,499 441,199
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 394,398 441,098
SHAREHOLDERS' FUNDS 394,499 441,199
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Bradley Barker
Director
27/01/2025
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
We Tube Scaffolding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08533299 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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% on reducing basis
Motor Vehicles 15% on reducing basis
Fixtures & Fittings 15% on reducing basis
Computer Equipment 15% on reducing basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 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.
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: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 693,045 40,432 6,757 9,370 749,604
Additions 6,493 - 473 1,050 8,016
As at 31 May 2024 699,538 40,432 7,230 10,420 757,620
Depreciation
As at 1 June 2023 397,827 19,326 4,339 3,765 425,257
Provided during the period 45,262 3,166 434 1,000 49,862
As at 31 May 2024 443,089 22,492 4,773 4,765 475,119
Net Book Value
As at 31 May 2024 256,449 17,940 2,457 5,655 282,501
As at 1 June 2023 295,218 21,106 2,418 5,605 324,347
5. Stocks
2024 2023
£ £
Work in progress 30,633 44,080
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 151,414 117,486
Prepayments and accrued income 10,474 15,725
Other debtors 7,140 7,000
VAT 14,147 19,161
183,175 159,372
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 17,133
Trade creditors 27,252 55,921
Corporation tax 28,774 41,902
Other taxes and social security 41,590 25,886
Other creditors 3,877 5,324
Accruals and deferred income 2,200 2,450
Director's loan account 42,436 16,588
146,129 165,204
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 13,477
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 17,133
Later than one year and not later than five years - 13,477
- 30,610
- 30,610
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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