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REGISTERED NUMBER: 06725292 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RED & BLUE SCAFFOLDING LTD

RED & BLUE SCAFFOLDING LTD (REGISTERED NUMBER: 06725292)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED & BLUE SCAFFOLDING LTD

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2024







DIRECTORS: Mr Gary Raymond Morgan
Mr Matthew John Neville





REGISTERED OFFICE: Unit 1, Lakeside Nursery
North Street
Nazeing
Waltham Abbey
Essex
EN9 2NW





REGISTERED NUMBER: 06725292 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

RED & BLUE SCAFFOLDING LTD (REGISTERED NUMBER: 06725292)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 113,821 137,082

CURRENT ASSETS
Debtors 4 239,985 148,621
Cash at bank 138,734 199,737
378,719 348,358
CREDITORS
Amounts falling due within one year 5 111,379 94,172
NET CURRENT ASSETS 267,340 254,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,161

391,268

CREDITORS
Amounts falling due after more than one
year

6

11,621

21,594
NET ASSETS 369,540 369,674

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Revaluation reserve 7 220,432 220,432
Retained earnings 148,106 148,240
SHAREHOLDERS' FUNDS 369,540 369,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

RED & BLUE SCAFFOLDING LTD (REGISTERED NUMBER: 06725292)

BALANCE SHEET - continued
31 OCTOBER 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 20 February 2025 and were signed on its behalf by:





Mr Gary Raymond Morgan - Director


RED & BLUE SCAFFOLDING LTD (REGISTERED NUMBER: 06725292)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024

1. 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.
Plant and machinery etc - 33% on reducing balance and 25% 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 and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

RED & BLUE SCAFFOLDING LTD (REGISTERED NUMBER: 06725292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

1. ACCOUNTING POLICIES - continued

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.

Going concern
As with most businesses we have been impacted by the Coronavirus (Covid 19).This has had an impact on our operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 459,196
Additions 15,331
At 31 October 2024 474,527
DEPRECIATION
At 1 November 2023 322,114
Charge for year 38,592
At 31 October 2024 360,706
NET BOOK VALUE
At 31 October 2024 113,821
At 31 October 2023 137,082

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 211,718 121,887
Other debtors 28,267 26,734
239,985 148,621

RED & BLUE SCAFFOLDING LTD (REGISTERED NUMBER: 06725292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,973 9,973
Trade creditors 752 9,013
Taxation and social security 69,651 54,178
Other creditors 31,003 21,008
111,379 94,172

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,621 21,594

7. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 220,432

8. RELATED PARTY DISCLOSURES

As at the 31st October 2024, the company owed its directors, Mr G R Morgan and Mr M J Neville, a total of £29,303 (2023: £19,308) as a directors loan repayable.