Company Registration No. 3795071 (England and Wales)
Thomas Scaffolding Limited
Unaudited accounts
for the year ended 30 June 2024
Thomas Scaffolding Limited
Unaudited accounts
Contents
Thomas Scaffolding Limited
Company Information
for the year ended 30 June 2024
Company Number
3795071 (England and Wales)
Registered Office
Unit 16 Apex Business Park
Queens Farm Road
Gravesend
Kent
DA12 3HU
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Thomas Scaffolding Limited
Statement of financial position
as at 30 June 2024
Tangible assets
1,985,678
1,935,423
Cash at bank and in hand
113,524
139,115
Creditors: amounts falling due within one year
(1,088,320)
(1,084,794)
Net current liabilities
(731,656)
(723,900)
Total assets less current liabilities
1,254,022
1,211,523
Provisions for liabilities
Deferred tax
(84,220)
(74,032)
Net assets
1,169,802
1,137,491
Called up share capital
2
2
Profit and loss account
1,169,800
1,137,489
Shareholders' funds
1,169,802
1,137,491
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2025 and were signed on its behalf by
TS Powell
Director
Company Registration No. 3795071
Thomas Scaffolding Limited
Notes to the Accounts
for the year ended 30 June 2024
Thomas Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 3795071. The registered office is Unit 16 Apex Business Park, Queens Farm Road, Gravesend, Kent, DA12 3HU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land not depreciated
Plant & machinery
10% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Thomas Scaffolding Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2023
1,551,961
367,729
355,498
25,745
1,492
2,302,425
Additions
-
132,067
-
-
-
132,067
At 30 June 2024
1,551,961
499,796
355,498
25,745
1,492
2,434,492
At 1 July 2023
26,453
108,198
209,118
21,741
1,492
367,002
Charge for the year
-
50,492
29,276
2,044
-
81,812
At 30 June 2024
26,453
158,690
238,394
23,785
1,492
448,814
At 30 June 2024
1,525,508
341,106
117,104
1,960
-
1,985,678
At 30 June 2023
1,525,508
259,531
146,380
4,004
-
1,935,423
Amounts falling due within one year
Trade debtors
18,622
68,356
Accrued income and prepayments
207,016
153,423
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,381
13,379
Amounts owed to group undertakings and other participating interests
1,037,555
1,055,055
Taxes and social security
-
14,110
Loans from directors
1,412
1,412
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).