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REGISTERED NUMBER: 06298320 (England and Wales)















P & M Scaffolding Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






P & M Scaffolding Limited (Registered number: 06298320)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P & M Scaffolding Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A G Greenfield
O R Mills
Mrs J S Greenfield



REGISTERED OFFICE: 84 London Road
Teynham
Sittingbourne
Kent
ME9 9QH



REGISTERED NUMBER: 06298320 (England and Wales)



ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY



BANKERS: Lloyds Bank Plc

P & M Scaffolding Limited (Registered number: 06298320)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 493,860 514,361
493,860 514,361

CURRENT ASSETS
Debtors 6 403,335 359,212
Investments 7 173,349 171,001
Cash at bank 506,153 337,007
1,082,837 867,220
CREDITORS
Amounts falling due within one year 8 345,156 197,133
NET CURRENT ASSETS 737,681 670,087
TOTAL ASSETS LESS CURRENT LIABILITIES 1,231,541 1,184,448

CREDITORS
Amounts falling due after more than one
year

9

(8,338

)

(18,336

)

PROVISIONS FOR LIABILITIES (38,921 ) (41,625 )
NET ASSETS 1,184,282 1,124,487

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 1,184,132 1,124,337
SHAREHOLDERS' FUNDS 1,184,282 1,124,487

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.

P & M Scaffolding Limited (Registered number: 06298320)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





A G Greenfield - Director


P & M Scaffolding Limited (Registered number: 06298320)

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

1. STATUTORY INFORMATION

P & M 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.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 10% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

P & M Scaffolding Limited (Registered number: 06298320)

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.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 60,000
AMORTISATION
At 1 September 2023
and 31 August 2024 60,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

P & M Scaffolding Limited (Registered number: 06298320)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 368,181 760,944 1,129,125
Additions - 31,665 31,665
Disposals - (37,257 ) (37,257 )
At 31 August 2024 368,181 755,352 1,123,533
DEPRECIATION
At 1 September 2023 69,381 545,383 614,764
Charge for year 3,838 47,577 51,415
Eliminated on disposal - (36,506 ) (36,506 )
At 31 August 2024 73,219 556,454 629,673
NET BOOK VALUE
At 31 August 2024 294,962 198,898 493,860
At 31 August 2023 298,800 215,561 514,361

Included in cost of land and buildings is freehold land of £ 275,774 (2023 - £ 275,774 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 196,842 290,897
Other debtors 206,493 68,315
403,335 359,212

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 173,349 171,001

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 122,710 27,843
Taxation and social security 87,911 25,387
Other creditors 124,535 133,903
345,156 197,133

P & M Scaffolding Limited (Registered number: 06298320)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,338 18,336

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
50 Ordinary B £1 50 50
150 150

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
O R Mills
Balance outstanding at start of year - -
Amounts advanced 105,917 -
Amounts repaid (13,803 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,114 -