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REGISTERED NUMBER: 05410994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

N T RIX SCAFFOLDING LIMITED

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)






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


N T RIX SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: N T Rix





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





REGISTERED NUMBER: 05410994 (England and Wales)





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

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,419 324,301
Investments 5 100 100
328,519 324,401

CURRENT ASSETS
Stocks 6 50,000 50,000
Debtors 7 552,379 438,662
602,379 488,662
CREDITORS
Amounts falling due within one year 8 898,364 767,044
NET CURRENT LIABILITIES (295,985 ) (278,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,534

46,019

CREDITORS
Amounts falling due after more than one
year

9

58,509

114,783
NET LIABILITIES (25,975 ) (68,764 )

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings (25,976 ) (68,765 )
SHAREHOLDERS' FUNDS (25,975 ) (68,764 )

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 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.

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

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 director and authorised for issue on 29 January 2025 and were signed by:





N T Rix - Director


N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

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

1. STATUTORY INFORMATION

N T Rix 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.

Preparation of consolidated financial statements
The financial statements contain information about NT Rix Scaffolding Limited, as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking qualify for the small companies regime.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office, Computer and Equipment - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

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 the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Office,
Computer
and Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 710,367 73,585 783,952
Additions 14,580 51,805 66,385
At 30 April 2024 724,947 125,390 850,337
DEPRECIATION
At 1 May 2023 407,553 52,098 459,651
Charge for year 47,609 14,658 62,267
At 30 April 2024 455,162 66,756 521,918
NET BOOK VALUE
At 30 April 2024 269,785 58,634 328,419
At 30 April 2023 302,814 21,487 324,301

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

The above represents the investment in a subsidiary company.

6. STOCKS
2024 2023
£    £   
Stocks 50,000 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 455,003 387,168
Other debtors 57,403 -
Amounts owed by group undertakings 34,668 -
Prepayments 5,305 51,494
552,379 438,662

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 215,279 152,278
Other loans - 67,011
Hire purchase contracts (see note 10) 15,972 -
Trade creditors 191,325 170,143
Social security and other taxes 172,518 160,328
VAT 62,129 25,679
Other creditors 15,089 4,034
Amounts payable to group undertakings - 84,252
Directors' current accounts 226,052 103,319
898,364 767,044

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan due in 1-2 years 48,057 67,403
Bank loan due in 2-5 years - 47,380
Hire purchase contracts (see note 10) 10,452 -
58,509 114,783

N T RIX SCAFFOLDING LIMITED (REGISTERED NUMBER: 05410994)

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,972 -
Between one and five years 10,452 -
26,424 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 20,191 20,190
Between one and five years 42,260 52,090
In more than five years 6,907 17,267
69,358 89,547

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 148,315 90,759
Bank loans 115,021 176,302
Hire purchase contracts 26,424 -
289,760 267,061

The bank loan and overdraft are secured on assets of the company and by a personal guarantee given by Mr N T Rix.

12. CALLED UP SHARE CAPITAL

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

13. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. This basis may not be appropriate because the Company is showing net liabilities of £25,975 (2023 net liabilities £68,764) as at 30th April 2024. The Company therefore relies upon the continued support of the Director and its associated companies. The Director is satisfied this continued support will be forthcoming. Therefore the Director considers it appropriate to prepare the financial statements on the going concern basis.