Company Registration No. 08894009 (England and Wales)
TSL Scaffolding Services Ltd
Unaudited accounts
for the year ended 30 June 2024
TSL Scaffolding Services Ltd
Unaudited accounts
Contents
TSL Scaffolding Services Ltd
Company Information
for the year ended 30 June 2024
Company Number
08894009 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
TSL Scaffolding Services Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
343,560
249,741
Debtors
1,177,824
1,168,973
Cash at bank and in hand
65,312
168,773
Creditors: amounts falling due within one year
(260,320)
(188,979)
Net current assets
982,816
1,148,767
Total assets less current liabilities
1,326,376
1,398,508
Provisions for liabilities
Deferred tax
(65,276)
(62,435)
Net assets
1,261,100
1,336,073
Called up share capital
1
1
Profit and loss account
1,261,099
1,336,072
Shareholders' funds
1,261,100
1,336,073
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 28 March 2025 and were signed on its behalf by
T S Powell
Director
Company Registration No. 08894009
TSL Scaffolding Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
TSL Scaffolding Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08894009. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
Fixtures & fittings
20% straight line basis
Computer equipment
25% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
TSL Scaffolding Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
153,489
259,505
4,771
317
418,082
Additions
140,546
18,000
6,869
283
165,698
At 30 June 2024
294,035
277,505
11,640
600
583,780
At 1 July 2023
50,034
115,657
2,639
11
168,341
Charge for the year
32,600
37,838
1,345
96
71,879
At 30 June 2024
82,634
153,495
3,984
107
240,220
At 30 June 2024
211,401
124,010
7,656
493
343,560
At 30 June 2023
103,455
143,848
2,132
306
249,741
Amounts falling due within one year
Trade debtors
110,902
71,340
Amounts due from group undertakings etc.
1,037,555
1,055,055
Accrued income and prepayments
2,149
1,999
Other debtors
21,771
26,819
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
967
23,731
Other creditors
45,628
2,609
Loans from directors
10,898
9,917
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).