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REGISTERED NUMBER: 06723056 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

AAA Scaffolding ( Lincoln ) Limited

AAA Scaffolding ( Lincoln ) Limited (Registered number: 06723056)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AAA Scaffolding ( Lincoln ) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J Aitken





REGISTERED OFFICE: 15 Newland
Lincoln
LN1 1XG





REGISTERED NUMBER: 06723056 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

AAA Scaffolding ( Lincoln ) Limited (Registered number: 06723056)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,835 153,235

CURRENT ASSETS
Debtors 5 72,696 60,658
Cash at bank 36,354 38,380
109,050 99,038
CREDITORS
Amounts falling due within one year 6 88,788 92,312
NET CURRENT ASSETS 20,262 6,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,097

159,961

CREDITORS
Amounts falling due after more than one
year

7

(57,288

)

(58,819

)

PROVISIONS FOR LIABILITIES (40,029 ) (27,581 )
NET ASSETS 83,780 73,561

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 83,680 73,461
SHAREHOLDERS' FUNDS 83,780 73,561

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 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.

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 17 March 2025 and were signed by:





J Aitken - Director


AAA Scaffolding ( Lincoln ) Limited (Registered number: 06723056)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

AAA Scaffolding ( Lincoln ) 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 - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Financial instruments
The Company only enters into basic financial instrument transactions 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 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 Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 2 (2023 - 2 ) .

AAA Scaffolding ( Lincoln ) Limited (Registered number: 06723056)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 114,465 13,433 221,938 9,297 359,133
Additions - - 67,995 2,265 70,260
Disposals - - (32,500 ) - (32,500 )
At 31 October 2024 114,465 13,433 257,433 11,562 396,893
DEPRECIATION
At 1 November 2023 114,426 2,557 81,311 7,604 205,898
Charge for year 39 1,343 49,273 972 51,627
Eliminated on disposal - - (21,467 ) - (21,467 )
At 31 October 2024 114,465 3,900 109,117 8,576 236,058
NET BOOK VALUE
At 31 October 2024 - 9,533 148,316 2,986 160,835
At 31 October 2023 39 10,876 140,627 1,693 153,235


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,696 50,761
Other debtors - 9,897
72,696 60,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 19,206 15,067
Trade creditors 4,519 4,803
Taxation and social security 25,844 3,703
Other creditors 29,219 58,739
88,788 92,312

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,834 15,834
Hire purchase contracts 51,454 42,985
57,288 58,819

AAA Scaffolding ( Lincoln ) Limited (Registered number: 06723056)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 15,834 25,834
Hire purchase contracts 70,660 58,052
86,494 83,886

The Bounce Back Loan scheme is secured against a guarantee by the bank in which the bank guarantees the repayment of the loan if the client was to default on this loan.


The hire purchase liabilities are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100