Registered number
10188595
Brutus Scaffolding Limited
Filleted Accounts
31 May 2024
Brutus Scaffolding Limited
Registered number: 10188595
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 497,893 484,744
Current assets
Debtors 4 94,644 159,234
Cash at bank and in hand 7,777 28,353
102,421 187,587
Creditors: amounts falling due within one year 5 (399,837) (445,193)
Net current liabilities (297,416) (257,606)
Total assets less current liabilities 200,477 227,138
Creditors: amounts falling due after more than one year 6 (33,056) (48,341)
Provisions for liabilities (124,472) (121,185)
Net assets 42,949 57,612
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,849 57,512
Shareholder's funds 42,949 57,612
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 member has 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.
Mr B Perks
Director
Approved by the board on 26 February 2025
Brutus Scaffolding Limited
Notes to the Accounts
for the year ended 31 May 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:
Motor Vehicles 18% reducing balance
Plant and machinery 18% reducing balance
Computer Equipment 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 5 4
3 Tangible fixed assets
Computer Equipment Plant and machinery etc Motor Vehicles Total
£ £ £ £
Cost
At 1 June 2023 733 783,266 56,657 840,656
Additions 749 101,165 23,333 125,247
Disposals - - (6,950) (6,950)
At 31 May 2024 1,482 884,431 73,040 958,953
Depreciation
At 1 June 2023 183 329,339 26,390 355,912
Charge for the year 325 99,916 9,163 109,404
On disposals - - (4,256) (4,256)
At 31 May 2024 508 429,255 31,297 461,060
Net book value
At 31 May 2024 974 455,176 41,743 497,893
At 31 May 2023 550 453,927 30,267 484,744
4 Debtors 2024 2023
£ £
Trade debtors 48,997 126,648
Other debtors 45,647 32,586
94,644 159,234
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,710 16,710
Trade creditors 55,682 60,543
Accruals 4,000 4,000
Taxation and social security costs 202,258 315,402
Other creditors 128,187 48,538
399,837 445,193
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,059 29,997
Other creditors 12,997 18,344
33,056 48,341
7 Events after the reporting date
There have been no known events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Pension commitments
There are no known pension commitments which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Contingent liabilities
There are no known contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
10 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr B Perks
Directors loan account 46,355 47,368 (118,807) (25,084)
46,355 47,368 (118,807) (25,084)
The loan to the director was repaid during the year.
11 Related party transactions
Dividends of £10,000 were paid during the year to any shareholders of the company. As at the year end the Company owed the directors £25,084. The loan is subject to interest at 2% with no fixed date for repayment.
12 Controlling party
The company is under the control of Mr B Perks, being director and majority shareholder of the company.
13 Other information
Brutus Scaffolding Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Dairy Farm
Upper Stowe
Weedon
Northants
NN7 4SH
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