Registered number
14101039
Scaffking Ltd
Filleted Accounts
30 June 2024
Scaffking Ltd
Registered number: 14101039
Balance Sheet
as at 30 June 2024
Notes 30/6/24 31/5/24
£ £
Fixed assets
Tangible assets 3 42,351 38,506
Current assets
Debtors 4 38,371 37,080
Cash at bank and in hand 22,066 16,956
60,437 54,036
Creditors: amounts falling due within one year 5 (30,399) (31,883)
Net current assets 30,038 22,153
Net assets 72,389 60,659
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,289 60,559
Shareholders' funds 72,389 60,659
The director is 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 director acknowledges his 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.
Bradley Francis Smyth
Director
Approved by the board on 12 February 2025
Scaffking Ltd
Notes to the Accounts
for the period from 1 June 2024 to 30 June 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:
Scaffolding 15% reducing balance
Motor vehicles 20% straight line
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.
2 Employees 30/6/24 31/5/24
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2024 31,086 11,000 42,086
Additions 3,845 - 3,845
At 30 June 2024 34,931 11,000 45,931
Depreciation
At 1 June 2024 3,000 580 3,580
At 30 June 2024 3,000 580 3,580
Net book value
At 30 June 2024 31,931 10,420 42,351
At 31 May 2024 28,086 10,420 38,506
4 Debtors 30/6/24 31/5/24
£ £
Trade debtors 34,613 33,552
Other debtors 3,758 3,528
38,371 37,080
5 Creditors: amounts falling due within one year 30/6/24 31/5/24
£ £
Trade creditors 2,314 2,518
Taxation and social security costs 20,513 13,338
Other creditors 7,572 16,027
30,399 31,883
6 Other information
Scaffking Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Highgate
Whitchurch
United Kingdom
SY13 1SD
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