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REGISTERED NUMBER: 05822179 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ACE SCAFFOLD (UK) LIMITED

ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ACE SCAFFOLD (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R J Hibberd
A F Hibberd
Mrs T K Hibberd





SECRETARY: Mrs T K Hibberd





REGISTERED OFFICE: 30-32 Somerton Industrial Park
Somerton
Cowes
Isle of Wight
PO31 8PA





REGISTERED NUMBER: 05822179 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 140,928 192,592
140,928 192,592

CURRENT ASSETS
Debtors 6 256,393 235,903
Cash at bank 163 54
256,556 235,957
CREDITORS
Amounts falling due within one year 7 19,335 18,045
NET CURRENT ASSETS 237,221 217,912
TOTAL ASSETS LESS CURRENT LIABILITIES 378,149 410,504

PROVISIONS FOR LIABILITIES 33,108 34,519
NET ASSETS 345,041 375,985

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 29,999 29,999
Revaluation reserve 8 22,664 49,204
Retained earnings 292,374 296,778
SHAREHOLDERS' FUNDS 345,041 375,985

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.

ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




R J Hibberd - Director



Mrs T K Hibberd - Director


ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

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


1. STATUTORY INFORMATION

Ace Scaffold (UK) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2007 and 2008, is being amortised evenly over it's estimated useful life of ten years.

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.
Plant and machinery etc - 20% on reducing balance and Straight line over 20 years

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.

3. EMPLOYEES AND DIRECTORS

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

ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 39,000
AMORTISATION
At 1 October 2023
and 30 September 2024 39,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 1,139,424
DEPRECIATION
At 1 October 2023 946,832
Charge for year 51,664
At 30 September 2024 998,496
NET BOOK VALUE
At 30 September 2024 140,928
At 30 September 2023 192,592

Cost or valuation at 30 September 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2009 586,730
Valuation in 2013 3,636
Cost 549,058
1,139,424

ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

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


5. TANGIBLE FIXED ASSETS - continued

If plant and machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 562,020 562,020
Aggregate depreciation 357,799 357,799

Plant and machinery were valued on an open market value basis on 30 September 2020 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,000 54,000
Other debtors 202,393 181,903
256,393 235,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 18,725 17,475
Other creditors 610 570
19,335 18,045

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023 49,204
Depreciation on revalued assets (35,387 )
Deferred tax movement 8,847

At 30 September 2024 22,664

ACE SCAFFOLD (UK) LIMITED (REGISTERED NUMBER: 05822179)

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


9. 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
£    £   
A F Hibberd
Balance outstanding at start of year - -
Amounts advanced 4,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,000 -

Mrs T K Hibberd
Balance outstanding at start of year - -
Amounts advanced 4,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,000 -