AM Scaffolding Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04911392

AM Scaffolding Services Limited

Filleted Unaudited Financial Statements

31 December 2024

AM Scaffolding Services Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 7

AM Scaffolding Services Limited

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	519,097	525,096

Current assets

Debtors	6	57,831	29,303
Cash at bank and in hand		1,076,841	875,517
		------------	---------
		1,134,672	904,820

Creditors: amounts falling due within one year	7	378,152	332,655
		------------	---------
Net current assets		756,520	572,165
		------------	------------
Total assets less current liabilities		1,275,617	1,097,261

Provisions

Taxation including deferred tax	44,000	45,000
	------------	------------
Net assets	1,231,617	1,052,261
	------------	------------

Capital and reserves

Called up share capital	4	4
Profit and loss account	1,231,613	1,052,257
	------------	------------
Shareholders funds	1,231,617	1,052,261
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit & loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

AM Scaffolding Services Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 7 April 2025 , and are signed on behalf of the board by:

Mr A Gwynne
Director

Company registration number: 04911392

AM Scaffolding Services Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales, registered number 04911392 . The address of the registered office is Unit G2, Great Fenton Business Park, Grove Road, Stoke-on-Trent, ST4 4LZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods. The directors have made an estimation using their judgement of the potential liabilities in regards to settlement of tax schemes.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	Over the term of the lease
Plant and machinery	-	25% & 20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 11 ).

5. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	343,178	1,104	715,052	5,306	149,539	1,214,179
Additions	–	–	–	–	52,316	52,316
	---------	-------	---------	-------	---------	------------
At 31 Dec 2024	343,178	1,104	715,052	5,306	201,855	1,266,495
	---------	-------	---------	-------	---------	------------
Depreciation
At 1 Jan 2024	–	1,104	608,701	2,828	76,450	689,083
Charge for the year	–	–	26,036	930	31,349	58,315
	---------	-------	---------	-------	---------	------------
At 31 Dec 2024	–	1,104	634,737	3,758	107,799	747,398
	---------	-------	---------	-------	---------	------------
Carrying amount
At 31 Dec 2024	343,178	–	80,315	1,548	94,056	519,097
	---------	-------	---------	-------	---------	------------
At 31 Dec 2023	343,178	–	106,351	2,478	73,089	525,096
	---------	-------	---------	-------	---------	------------

6. Debtors

	2024	2023
	£	£
Trade debtors	35,871	7,714
Other debtors	21,960	21,589
	--------	--------
	57,831	29,303
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	20,633	3,951
Corporation tax	101,002	92,129
Social security and other taxes	6,702	19,299
Other creditors	249,815	217,276
	---------	---------
	378,152	332,655
	---------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	30,400	30,400
Later than 1 year and not later than 5 years	50,667	81,067
	--------	---------
	81,067	111,467
	--------	---------