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REGISTERED NUMBER: 08558860 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Reed Scaffolding (Kent) Limited

Reed Scaffolding (Kent) Limited (Registered number: 08558860)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reed Scaffolding (Kent) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T J Reed





SECRETARY: Mrs S Reed





REGISTERED OFFICE: Walnut Tree Farm
Ashford Road
Charing
Ashford
Kent
TN27 0ED





REGISTERED NUMBER: 08558860 (England and Wales)





ACCOUNTANTS: Haxell Giddings Limited
Black Barn
Gay Dawn Farm
Valley Road
Fawkham
Kent
DA3 8LY

Reed Scaffolding (Kent) Limited (Registered number: 08558860)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,266 248,330

CURRENT ASSETS
Debtors 5 218,766 130,990
Cash at bank and in hand 8,599 5,312
227,365 136,302
CREDITORS
Amounts falling due within one year 6 95,344 93,767
NET CURRENT ASSETS 132,021 42,535
TOTAL ASSETS LESS CURRENT LIABILITIES 337,287 290,865

CREDITORS
Amounts falling due after more than one
year

7

(139,962

)

(195,017

)

PROVISIONS FOR LIABILITIES 8 (43,066 ) (40,092 )
NET ASSETS 154,259 55,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,159 55,656
SHAREHOLDERS' FUNDS 154,259 55,756

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Reed Scaffolding (Kent) Limited (Registered number: 08558860)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





T J Reed - Director


Reed Scaffolding (Kent) Limited (Registered number: 08558860)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Reed Scaffolding (Kent) 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.

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 etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

Reed Scaffolding (Kent) Limited (Registered number: 08558860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 33,000 516,955 549,955
Transfer to ownership - 102,097 102,097
Reclassification/transfer - (102,097 ) (102,097 )
At 30 June 2024 33,000 516,955 549,955
DEPRECIATION
At 1 July 2023 - 301,625 301,625
Charge for year - 43,064 43,064
Transfer to ownership - (54,142 ) (54,142 )
Reclassification/transfer - 54,142 54,142
At 30 June 2024 - 344,689 344,689
NET BOOK VALUE
At 30 June 2024 33,000 172,266 205,266
At 30 June 2023 33,000 215,330 248,330

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 200,376
Reclassification/transfer (102,097 )
At 30 June 2024 98,279
DEPRECIATION
At 1 July 2023 95,053
Charge for year 11,470
Transfer to ownership (54,142 )
At 30 June 2024 52,381
NET BOOK VALUE
At 30 June 2024 45,898
At 30 June 2023 105,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,427 70,907
Other debtors 103,339 60,083
218,766 130,990

Reed Scaffolding (Kent) Limited (Registered number: 08558860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,984 23,165
Taxation and social security 38,321 -
Other creditors 39,039 70,602
95,344 93,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 116,122 153,193
Hire purchase contracts 23,840 41,824
139,962 195,017

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 43,066 40,092

Deferred
tax
£   
Balance at 1 July 2023 40,092
Provided during year 2,974
Balance at 30 June 2024 43,066

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr and Mrs T Reed.