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Registered number: 12643697
Pole Position Scaffolding & Safety Netting Limited
Financial Statements
For The Year Ended 30 June 2024
Willaston Field
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12643697
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,768 75,136
84,768 75,136
CURRENT ASSETS
Debtors 5 152,392 150,269
Cash at bank and in hand 3,873 2,594
156,265 152,863
Creditors: Amounts Falling Due Within One Year 6 (354,383 ) (358,563 )
NET CURRENT ASSETS (LIABILITIES) (198,118 ) (205,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES (113,350 ) (130,564 )
Creditors: Amounts Falling Due After More Than One Year 7 102,612 112,784
NET LIABILITIES (10,738 ) (17,780 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (10,740 ) (17,782 )
SHAREHOLDERS' FUNDS (10,738) (17,780)
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lorraine Alder
Director
03/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pole Position Scaffolding & Safety Netting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12643697 . The registered office is Jigsaw Coopers Lane, Wantage, OX12 8HQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 3615.83
Plant & Machinery 4515.63
Motor Vehicles 630.37
Fixtures & Fittings 1915.83
Computer Equipment 478.34
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 8)
6 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 36,158 19,874 6,304 19,158
As at 30 June 2024 36,158 19,874 6,304 19,158
Depreciation
As at 1 July 2023 3,616 4,516 630 1,916
Provided during the period - - (8,660 ) (972 )
As at 30 June 2024 3,616 4,516 (8,030 ) 944
Net Book Value
As at 30 June 2024 32,542 15,358 14,334 18,214
As at 1 July 2023 32,542 15,358 5,674 17,242
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Page 4
Computer Equipment Total
£ £
Cost
As at 1 July 2023 4,798 86,292
As at 30 June 2024 4,798 86,292
Depreciation
As at 1 July 2023 478 11,156
Provided during the period - (9,632 )
As at 30 June 2024 478 1,524
Net Book Value
As at 30 June 2024 4,320 84,768
As at 1 July 2023 4,320 75,136
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors (29,168 ) (45,603 )
Factored debts outstanding 2,123 -
VAT 131,558 147,993
104,513 102,390
Due after more than one year
Other taxes and social security 47,879 47,879
152,392 150,269
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts (59,524 ) -
Other loans (36,527 ) (26,357 )
Other taxes and social security 144,990 107,117
Net wages 305,445 277,803
354,383 358,563
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans (102,612 ) (112,784 )
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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