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REGISTERED NUMBER: 03685047 (England and Wales)

















MID KENT SCAFFOLDING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,190 86,271

CURRENT ASSETS
Debtors 5 652,627 567,661
Cash at bank 10,308 5,461
662,935 573,122
CREDITORS
Amounts falling due within one year 6 445,666 352,442
NET CURRENT ASSETS 217,269 220,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,459

306,951

CREDITORS
Amounts falling due after more than one
year

7

(14,963

)

(25,228

)

PROVISIONS FOR LIABILITIES (19,036 ) (16,391 )
NET ASSETS 283,460 265,332

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 283,456 265,328
SHAREHOLDERS' FUNDS 283,460 265,332

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 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.

MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:




G A Eldridge - Director



C J C Othen - Director


MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)

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

1. STATUTORY INFORMATION

Mid Kent Scaffolding Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03685047

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 11 (2023 - 11 ) .

MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 87,473 9,500 96,973
Additions 35,000 4,000 39,000
At 30 June 2024 122,473 13,500 135,973
DEPRECIATION
At 1 July 2023 4,374 6,328 10,702
Charge for year 23,620 1,461 25,081
At 30 June 2024 27,994 7,789 35,783
NET BOOK VALUE
At 30 June 2024 94,479 5,711 100,190
At 30 June 2023 83,099 3,172 86,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 652,627 567,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,269 10,197
Trade creditors 128,088 96,686
Taxation and social security 8,179 15,454
Other creditors 299,130 230,105
445,666 352,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 14,963 25,228

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,269 10,197

MID KENT SCAFFOLDING LTD (REGISTERED NUMBER: 03685047)

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

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,529 10,269

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,434 14,959

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 25,232 35,425

The bank loan is secured by a fixed and floating charge over the company assets.

In addition, there is a £50,000 unsecured government bounce back loan, taken out on 15 May 2020.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2023 - £8,000) were paid to the directors .

Mid Kent Scaffolding
A partnership in which G Eldridge and C Othen are partners.

Services charges totalling £110,000 were charged to Mid Kent Scaffolding during the year (2023 - £80,000)

During the year the company paid expenses on behalf of Mid Kent Scaffolding.

Amounts due from Mid Kent Scaffolding at the balance sheet date is £652,627 (2023: £567,661).

The loan is on an interest free basis and there are no agreed repayment terms.