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REGISTERED NUMBER: 10366469 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PROBUILD SCAFFOLDING LIMITED

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROBUILD SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr L Bergin
Mr K J Chapman



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 10366469 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays Bank UK PLC
Business Direct
Leicestershire
Leicestershire
LE87 2BB

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,104 9,104
Tangible assets 5 652,407 534,692
661,511 543,796

CURRENT ASSETS
Debtors 6 171,153 114,869
Cash at bank 4 1,166
171,157 116,035
CREDITORS
Amounts falling due within one year 7 355,904 561,066
NET CURRENT LIABILITIES (184,747 ) (445,031 )
TOTAL ASSETS LESS CURRENT LIABILITIES 476,764 98,765

CREDITORS
Amounts falling due after more than one
year

8

(162,199

)

(28,128

)

PROVISIONS FOR LIABILITIES (125,312 ) (101,591 )
NET ASSETS/(LIABILITIES) 189,253 (30,954 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 189,249 (30,958 )
SHAREHOLDERS' FUNDS 189,253 (30,954 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:




Mr K J Chapman - Director



Mr L Bergin - Director


PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Probuild Scaffolding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Leasehold
Property
£   
COST
At 1 October 2023
and 30 September 2024 9,104
NET BOOK VALUE
At 30 September 2024 9,104
At 30 September 2023 9,104

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 617,743 4,185 144,878 766,806
Additions 176,323 - 123,820 300,143
Disposals - - (17,300 ) (17,300 )
At 30 September 2024 794,066 4,185 251,398 1,049,649
DEPRECIATION
At 1 October 2023 165,492 942 65,680 232,114
Charge for year 125,714 486 48,930 175,130
Eliminated on disposal - - (10,002 ) (10,002 )
At 30 September 2024 291,206 1,428 104,608 397,242
NET BOOK VALUE
At 30 September 2024 502,860 2,757 146,790 652,407
At 30 September 2023 452,251 3,243 79,198 534,692

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 105,083
Additions 116,687
At 30 September 2024 221,770
DEPRECIATION
At 1 October 2023 33,183
Charge for year 47,147
At 30 September 2024 80,330
NET BOOK VALUE
At 30 September 2024 141,440
At 30 September 2023 71,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,016 61,719
VAT 18,456 19,944
Prepayments 16,681 33,206
171,153 114,869

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,243 18,863
Hire purchase contracts 94,030 42,698
Trade creditors 46,747 206,894
Social security and other taxes 117,384 203,580
Other creditors 49,799 54,327
Directors' current accounts 9,815 18,080
Accrued expenses 2,886 16,624
355,904 561,066

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 60,392 -
Bank loans - 2-5 years 8,802 12,700
Hire purchase contracts 93,005 15,428
162,199 28,128

9. OTHER FINANCIAL COMMITMENTS

At 30 September 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £17,900 (last period £16,900)

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr L Bergin
Balance outstanding at start of year (9,754 ) -
Amounts advanced 56,656 -
Amounts repaid (54,154 ) (9,754 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,252 ) (9,754 )

Mr K J Chapman
Balance outstanding at start of year (8,326 ) -
Amounts advanced 68,217 -
Amounts repaid (62,454 ) (8,326 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,563 ) (8,326 )

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the directors .

PROBUILD SCAFFOLDING LIMITED (REGISTERED NUMBER: 10366469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12. GOVERNMENT GUARANTEED LOAN

The bank loan of £12,690 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2026.