Registered number
09713193
IJ Scaffolding Ltd
Filleted Accounts
31 July 2024
IJ Scaffolding Ltd
Registered number: 09713193
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 86,315 72,624
Current assets
Debtors 4 43,479 87,367
Cash at bank and in hand 31,594 15,286
75,073 102,653
Creditors: amounts falling due within one year 5 (44,668) (56,140)
Net current assets 30,405 46,513
Total assets less current liabilities 116,720 119,137
Provisions for liabilities (16,056) (13,202)
Net assets 100,664 105,935
Capital and reserves
Called up share capital 100 100
Profit and loss account 100,564 105,835
Shareholders' funds 100,664 105,935
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.
Mr I Hosken
Director
Approved by the board on 11 February 2025
IJ Scaffolding Ltd
Notes to the Accounts
for the year ended 31 July 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).
Going concern
The accounts have been prepared by the directors on a going concern basis which they consider appropriate, having taken into consideration the uncertainty of the future trading activities of the company over the next twelve months caused by the Covid-19 pandemic.
Government Grants
Government grants are recognised in accordance with the accrual model set out in FRS102.
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 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 156,657 35,300 191,957
Additions 12,744 37,899 50,643
Disposals - (18,400) (18,400)
At 31 July 2024 169,401 54,799 224,200
Depreciation
At 1 August 2023 101,763 17,570 119,333
Charge for the year 13,525 8,051 21,576
On disposals - (3,024) (3,024)
At 31 July 2024 115,288 22,597 137,885
Net book value
At 31 July 2024 54,113 32,202 86,315
At 31 July 2023 54,894 17,730 72,624
4 Debtors 2024 2023
£ £
Trade debtors 38,914 62,768
Other debtors 4,565 24,599
43,479 87,367
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,633 5,742
Taxation and social security costs 31,861 44,825
Other creditors 6,174 5,573
44,668 56,140
6 Controlling party
The company is controlled by the directors, who are the majority shareholders.
7 Other information
IJ Scaffolding Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5A Bath Place
Taunton
Somerset
TA1 4ER
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