Company Registration No. 06545378 (England and Wales)
ASM Scaffolding Services Limited
Unaudited accounts
for the year ended 30 April 2024
ASM Scaffolding Services Limited
Unaudited accounts
Contents
ASM Scaffolding Services Limited
Company Information
for the year ended 30 April 2024
Company Number
06545378 (England and Wales)
Registered Office
12-14 CLOTHIER ROAD
BRISLINGTON
BRISTOL
BS4 5PS
UNITED KINGDOM
Accountants
Vertical Consulting Ltd
18 Wellington Park
Clifton
Bristol
Bristol
BS8 2UT
ASM Scaffolding Services Limited
Statement of financial position
as at 30 April 2024
Intangible assets
12,000
15,000
Tangible assets
665,734
739,311
Investment property
449,480
449,480
Cash at bank and in hand
23
-
Creditors: amounts falling due within one year
(348,492)
(293,039)
Net current liabilities
(123,843)
(105,869)
Total assets less current liabilities
1,003,371
1,097,922
Creditors: amounts falling due after more than one year
(366,244)
(435,440)
Provisions for liabilities
Deferred tax
(42,968)
(60,178)
Net assets
585,909
602,304
ASM Scaffolding Services Limited
Statement of financial position
as at 30 April 2024 (continued)
Called up share capital
1
1
Profit and loss account
585,908
602,303
Shareholders' funds
585,909
602,304
For the 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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
Alex Martin
Director
Company Registration No. 06545378
ASM Scaffolding Services Limited
Notes to the Accounts
for the year ended 30 April 2024
ASM Scaffolding Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06545378. The registered office is 12-14 CLOTHIER ROAD, BRISLINGTON, BRISTOL, BS4 5PS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land - Not depreciated / Buildings over 50 years
Plant & machinery
20% on the reducing balance basis
Motor vehicles
20% on the reducing balance basis
Fixtures & fittings
20% on the reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
ASM Scaffolding Services Limited
Notes to the Accounts
for the year ended 30 April 2024
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 accounts. 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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses.
ASM Scaffolding Services Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
523,737
621,734
441,243
1,586,714
At 30 April 2024
523,737
621,734
441,243
1,586,714
At 1 May 2023
25,142
542,013
280,248
847,403
Charge for the year
4,732
15,944
52,901
73,577
At 30 April 2024
29,874
557,957
333,149
920,980
At 30 April 2024
493,863
63,777
108,094
665,734
At 30 April 2023
498,595
79,721
160,995
739,311
Fair value at 1 May 2023
449,480
Amounts falling due within one year
Trade debtors
136,515
96,101
Accrued income and prepayments
17,119
13,817
Other debtors
70,992
77,252
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
119,510
97,210
Obligations under finance leases and hire purchase contracts
32,427
42,744
Trade creditors
48,636
4,357
Taxes and social security
94,685
113,122
Other creditors
12,293
18,664
Deferred income
33,580
5,800
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
324,422
361,192
Obligations under finance leases and hire purchase contracts
41,822
74,248
ASM Scaffolding Services Limited
Notes to the Accounts
for the year ended 30 April 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to A Martin
76,347
-
6,260
70,087
During the year the company loaned the above named director monies in respect of which interest was charged at the Official Rate of Interest. The balance of £70,087 ( 2023 - £76,347 ) was owed to the company at the year end and is disclosed within Other debtors.
11
Average number of employees
During the year the average number of employees was 16 (2023: 18).