Connect Scaffolding Services Limited 09543394 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of scaffolding services Digita Accounts Production Advanced 6.30.9574.0 true 09543394 2023-05-01 2024-04-30 09543394 2024-04-30 09543394 bus:Director2 1 2024-04-30 09543394 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 09543394 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 09543394 core:CurrentFinancialInstruments 2024-04-30 09543394 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09543394 core:Non-currentFinancialInstruments 2024-04-30 09543394 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 09543394 core:FurnitureFittings 2024-04-30 09543394 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 09543394 core:MotorVehicles 2024-04-30 09543394 core:PlantMachinery 2024-04-30 09543394 bus:SmallEntities 2023-05-01 2024-04-30 09543394 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09543394 bus:FilletedAccounts 2023-05-01 2024-04-30 09543394 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09543394 bus:RegisteredOffice 2023-05-01 2024-04-30 09543394 bus:Director1 2023-05-01 2024-04-30 09543394 bus:Director2 2023-05-01 2024-04-30 09543394 bus:Director2 1 2023-05-01 2024-04-30 09543394 bus:Director3 2023-05-01 2024-04-30 09543394 bus:Director4 2023-05-01 2024-04-30 09543394 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09543394 core:FurnitureFittings 2023-05-01 2024-04-30 09543394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09543394 core:LeaseholdImprovements 2023-05-01 2024-04-30 09543394 core:MotorVehicles 2023-05-01 2024-04-30 09543394 core:PlantMachinery 2023-05-01 2024-04-30 09543394 countries:EnglandWales 2023-05-01 2024-04-30 09543394 2023-04-30 09543394 bus:Director2 1 2023-04-30 09543394 core:FurnitureFittings 2023-04-30 09543394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 09543394 core:MotorVehicles 2023-04-30 09543394 core:PlantMachinery 2023-04-30 09543394 2022-05-01 2023-04-30 09543394 2023-04-30 09543394 bus:Director2 1 2023-04-30 09543394 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-04-30 09543394 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-04-30 09543394 core:CurrentFinancialInstruments 2023-04-30 09543394 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09543394 core:Non-currentFinancialInstruments 2023-04-30 09543394 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09543394 core:FurnitureFittings 2023-04-30 09543394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 09543394 core:MotorVehicles 2023-04-30 09543394 core:PlantMachinery 2023-04-30 09543394 bus:Director2 1 2022-05-01 2023-04-30 09543394 bus:Director2 1 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 09543394

Connect Scaffolding Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Connect Scaffolding Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Connect Scaffolding Services Limited

Company Information

Directors

Mr Richard Green

Mrs Nicola Green

Mr Callum Green

Mr Connor Green

Registered office

The Old Pump House
Kingsley Road
Thame
Oxfordshire
OX9 3JL

Accountants

WoodWhite Accountants Ltd
Unit 4 City Limits
Danehill
Reading
Berkshire
RG6 4UP

 

Connect Scaffolding Services Limited

(Registration number: 09543394)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

728,203

756,358

Current assets

 

Stocks

5

5,000

5,000

Debtors

6

255,160

266,227

Cash at bank and in hand

 

250,986

307,440

 

511,146

578,667

Creditors: Amounts falling due within one year

7

(224,418)

(263,461)

Net current assets

 

286,728

315,206

Total assets less current liabilities

 

1,014,931

1,071,564

Creditors: Amounts falling due after more than one year

7

(145,457)

(181,358)

Provisions for liabilities

(159,706)

(164,677)

Net assets

 

709,768

725,529

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

708,768

724,529

Shareholders' funds

 

709,768

725,529

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

 

Connect Scaffolding Services Limited

(Registration number: 09543394)
Balance Sheet as at 30 April 2024

.........................................
Mrs Nicola Green
Director

 

Connect Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Pump House
Kingsley Road
Thame
Oxfordshire
OX9 3JL

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Connect Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% Reducing Balance

Motor Vehicles

25% Reducing Balance

Land and Buildings

5% Straight Line

Fixtures and Fittings

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Connect Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Connect Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

133,341

23,957

447,874

549,690

1,154,862

Additions

-

-

43,861

73,600

117,461

Disposals

-

-

(881)

-

(881)

At 30 April 2024

133,341

23,957

490,854

623,290

1,271,442

Depreciation

At 1 May 2023

37,292

11,625

138,119

211,468

398,504

Charge for the year

6,667

2,467

48,648

87,623

145,405

Eliminated on disposal

-

-

(670)

-

(670)

At 30 April 2024

43,959

14,092

186,097

299,091

543,239

Carrying amount

At 30 April 2024

89,382

9,865

304,757

324,199

728,203

At 30 April 2023

96,049

12,332

309,755

338,222

756,358

Included within the net book value of land and buildings above is £89,382 (2023 - £96,049) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

5,000

5,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

116,535

132,459

Prepayments

3,772

3,043

Other debtors

134,853

130,725

 

255,160

266,227

 

Connect Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

114,103

83,703

Trade creditors

 

36,804

128,525

Taxation and social security

 

48,930

32,799

Accruals and deferred income

 

1,995

1,725

Other creditors

 

22,586

16,709

 

224,418

263,461

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

145,457

181,358

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

13,247

23,207

Hire purchase contracts

132,210

158,151

145,457

181,358

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,920

10,920

Hire purchase contracts

103,183

72,783

114,103

83,703

 

Connect Scaffolding Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mrs Nicola Green

Directors loan account - interest charged at HMRC's official rate

97,931

4,346

(2,700)

99,577

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mrs Nicola Green

Directors loan account - interest charged at HMRC's official rate

20,564

86,183

(8,816)

97,931