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REGISTERED NUMBER: 08635589 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ELEVATE SCAFFOLDING LIMITED

ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEVATE SCAFFOLDING LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: Mr G Martin
Mrs L Martin





REGISTERED OFFICE: 4 Willersey Road
Cheltenham
Gloucestershire
GL51 6NN





REGISTERED NUMBER: 08635589 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 247,422 288,195

CURRENT ASSETS
Stocks 9,150 9,150
Debtors 5 51,251 84,063
Cash at bank 8 8
60,409 93,221
CREDITORS
Amounts falling due within one year 6 (136,021 ) (191,284 )
NET CURRENT LIABILITIES (75,612 ) (98,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,810

190,132

CREDITORS
Amounts falling due after more than one
year

7

(52,956

)

(54,457

)

PROVISIONS FOR LIABILITIES 10 (47,011 ) (54,757 )
NET ASSETS 71,843 80,918

CAPITAL AND RESERVES
Called up share capital 11 103 103
Retained earnings 71,740 80,815
SHAREHOLDERS' FUNDS 71,843 80,918

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

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

ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)

BALANCE SHEET - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mr G Martin - Director


ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)

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

1. STATUTORY INFORMATION

Elevate Scaffolding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the preparing the financial statements.

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 - Straight line over 20 years
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)

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

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 371,699 6,188 113,593 6,672 498,152
Additions 1,663 - - 624 2,287
Disposals (10,437 ) - - - (10,437 )
At 31 August 2024 362,925 6,188 113,593 7,296 490,002
DEPRECIATION
At 1 September 2023 155,103 6,188 41,993 6,673 209,957
Charge for year 18,668 - 14,321 156 33,145
Eliminated on disposal (522 ) - - - (522 )
At 31 August 2024 173,249 6,188 56,314 6,829 242,580
NET BOOK VALUE
At 31 August 2024 189,676 - 57,279 467 247,422
At 31 August 2023 216,596 - 71,600 (1 ) 288,195

ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 19,250
DEPRECIATION
At 1 September 2023 3,850
Charge for year 1,313
At 31 August 2024 5,163
NET BOOK VALUE
At 31 August 2024 14,087
At 31 August 2023 15,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,640 46,610
Other debtors 27,851 36,222
Prepayments 760 1,231
51,251 84,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,781 35,101
Hire purchase contracts (see note 8) 8,928 8,928
Trade creditors 9,821 21,340
Tax (354 ) 64,372
Social security and other taxes 2,976 -
VAT 27,693 12,504
Other creditors 1,535 1,944
Directors' current accounts 45,981 43,209
Accruals and deferred income 5,660 3,886
136,021 191,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 18,112 17,482
Hire purchase contracts (see note 8) 34,844 36,975
52,956 54,457

ELEVATE SCAFFOLDING LIMITED (REGISTERED NUMBER: 08635589)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 8,928 8,928
Between one and five years 34,844 36,975
43,772 45,903

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 43,772 45,903

Hire purchase liabilities are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 47,011 54,757

Deferred
tax
£   
Balance at 1 September 2023 54,757
Provided during year (7,746 )
Balance at 31 August 2024 47,011

11. CALLED UP SHARE CAPITAL

The company has in issue: 100 A Ordinary shares, 1 B Ordinary share, 1 C Ordinary share, and 1 D Ordinary share.

All Ordinary shares have full dividend, capital and voting rights.