Taylor Wright Scaffold Ltd
Filleted Accounts
30 April 2024
Registered number
11554967
Taylor Wright Scaffold Ltd
Registered number: 11554967
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 256,751 184,119
Current assets
Debtors 4 11,466 -
Cash at bank and in hand 16,685 28,024
28,151 28,024
Creditors: amounts falling due within one year 5 (94,190) (54,412)
Net current liabilities (66,039) (26,388)
Total assets less current liabilities 190,712 157,731
Creditors: amounts falling due after more than one year 6 (25,564) (34,382)
Provisions for liabilities (48,783) -
Net assets 116,365 123,349
Capital and reserves
Called up share capital 66 66
Profit and loss account 116,299 123,283
Shareholders' funds 116,365 123,349
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Taylor
Director
Approved by the board on 29 January 2025
Taylor Wright Scaffold Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 111,602 100,432 212,034
Additions 121,000 - 121,000
At 30 April 2024 232,602 100,432 333,034
Depreciation
At 1 May 2023 - 27,915 27,915
Charge for the year 23,260 25,108 48,368
At 30 April 2024 23,260 53,023 76,283
Net book value
At 30 April 2024 209,342 47,409 256,751
At 30 April 2023 111,602 72,517 184,119
4 Debtors 2024 2023
£ £
Trade debtors 8,440 -
Other debtors 3,026 -
11,466 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,936 5,062
Trade creditors 6,281 -
Taxation and social security costs 4,995 26,350
Other creditors 77,978 23,000
94,190 54,412
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,564 30,311
Other creditors - 4,071
25,564 34,382
7 Other information
Taylor Wright Scaffold Ltd is a private company limited by shares and incorporated in England. Its registered office is:
173 Wigton Lane
Alwoodley
Leeds
LS17 8SH
Taylor Wright Scaffold Ltd 11554967 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 A Taylor No description of principal activity 11554967 2022-05-01 2023-04-30 11554967 core:WithinOneYear 2023-04-30 11554967 core:AfterOneYear 2023-04-30 11554967 core:ShareCapital 2023-04-30 11554967 core:RetainedEarningsAccumulatedLosses 2023-04-30 11554967 2023-05-01 2024-04-30 11554967 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11554967 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11554967 bus:Director40 2023-05-01 2024-04-30 11554967 1 2023-05-01 2024-04-30 11554967 2 2023-05-01 2024-04-30 11554967 core:PlantMachinery 2023-05-01 2024-04-30 11554967 core:Vehicles 2023-05-01 2024-04-30 11554967 countries:England 2023-05-01 2024-04-30 11554967 bus:FRS102 2023-05-01 2024-04-30 11554967 bus:FilletedAccounts 2023-05-01 2024-04-30 11554967 2024-04-30 11554967 core:WithinOneYear 2024-04-30 11554967 core:AfterOneYear 2024-04-30 11554967 core:ShareCapital 2024-04-30 11554967 core:RetainedEarningsAccumulatedLosses 2024-04-30 11554967 core:PlantMachinery 2024-04-30 11554967 core:Vehicles 2024-04-30 11554967 2023-04-30 11554967 core:PlantMachinery 2023-04-30 11554967 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure