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REGISTERED NUMBER: 03780689 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TRITON SCAFFOLDING LIMITED

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance sheet 1

Notes to the financial statements 3


TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 320,696 248,013
320,696 248,013

Current assets
Stocks 155 2,005
Debtors 6 213,983 276,554
Cash at bank and in hand 612,297 430,017
826,435 708,576
Creditors
Amounts falling due within one year 7 260,840 253,400
Net current assets 565,595 455,176
Total assets less current liabilities 886,291 703,189

Creditors
Amounts falling due after more than one year 8 (83,725 ) (136,768 )

Provisions for liabilities 10 (80,174 ) (62,003 )
Net assets 722,392 504,418

Capital and reserves
Called up share capital 11 100 100
Retained earnings 722,292 504,318
Shareholders' funds 722,392 504,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

BALANCE SHEET - continued
31 JULY 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:




Mr P Challis - Director Mr G Lafferty - Director




Mrs S Challis - Director


TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

Triton Scaffolding Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03780689. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and business address is Four Acres, Careys Road, Bournemouth, Dorset, BH8 0DT.

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.

Turnover
Turnover represents income generated from the hiring out and erection of scaffolding, net of VAT where applicable.

Patents & licences
Amortisation is being charged on intangible assets over their deemed useful lives of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis 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.

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in 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 22 (2023 - 22 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 August 2023
and 31 July 2024 5,000
Amortisation
At 1 August 2023
and 31 July 2024 5,000
Net book value
At 31 July 2024 -
At 31 July 2023 -

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2023 311,041 5,901 286,249 603,191
Additions 146,457 1,886 11,000 159,343
Disposals (32,003 ) - - (32,003 )
At 31 July 2024 425,495 7,787 297,249 730,531
Depreciation
At 1 August 2023 188,983 3,033 163,162 355,178
Charge for year 38,134 713 33,522 72,369
Eliminated on disposal (17,712 ) - - (17,712 )
At 31 July 2024 209,405 3,746 196,684 409,835
Net book value
At 31 July 2024 216,090 4,041 100,565 320,696
At 31 July 2023 122,058 2,868 123,087 248,013

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 August 2023 34,847 148,114 182,961
Additions 54,295 - 54,295
At 31 July 2024 89,142 148,114 237,256
Depreciation
At 1 August 2023 9,670 37,028 46,698
Charge for year 11,921 27,772 39,693
At 31 July 2024 21,591 64,800 86,391
Net book value
At 31 July 2024 67,551 83,314 150,865
At 31 July 2023 25,177 111,086 136,263

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 195,696 218,744
Other debtors 5,529 39,166
Directors' current accounts 9,169 -
VAT - 15,050
Prepayments and accrued income 3,589 3,594
213,983 276,554

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 26,667
Other loans 24,844 22,467
Hire purchase contracts 43,567 32,530
Trade creditors 22,937 28,704
Tax 122,063 93,905
Social security and other taxes 15,939 18,958
VAT 679 -
Other creditors 16,342 3,967
Directors' current accounts 9,844 21,797
Accruals and deferred income 4,625 4,405
260,840 253,400

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years - 13,333
Other loans - 1-2 years - 24,844
Hire purchase contracts 83,725 98,591
83,725 136,768

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 127,292 131,121

Amounts owing under hire purchase and finance lease agreements are secured against the assets to which they relate.

All amounts owing to HSBC Bank PLC are secured against all the assets of the company by way of a charge dated 24 July 2020.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 80,174 62,003

Deferred
tax
£   
Balance at 1 August 2023 62,003
Provided during year 18,171
Balance at 31 July 2024 80,174

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr G Lafferty
Balance outstanding at start of year - -
Amounts advanced 9,169 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,169 -

TRITON SCAFFOLDING LIMITED (REGISTERED NUMBER: 03780689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


12. Directors' advances, credits and guarantees - continued

At the balance sheet date one of the Directors, Mr G Lafferty, owed the company £9,169 (2023: £nil). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

13. Ultimate controlling party

The company is controlled by the directors, Mr G Lafferty, Mr P Challis and Mrs S Challis, who between them own 100% of the voting share capital of the company.