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REGISTERED NUMBER: 09905608 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UPRIGHT SCAFFOLDING SERVICES LTD

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 86,342 106,002

Current assets
Stocks 5,390 8,550
Debtors 5 13,878 1,588
Cash in hand - 5,000
19,268 15,138
Creditors
Amounts falling due within one year 6 73,439 65,178
Net current liabilities (54,171 ) (50,040 )
Total assets less current liabilities 32,171 55,962

Creditors
Amounts falling due after more than one year 7 (13,938 ) (31,230 )

Provisions for liabilities 10 (18,132 ) (21,571 )
Net assets 101 3,161

Capital and reserves
Called up share capital 11 1 1
Retained earnings 100 3,160
Shareholders' funds 101 3,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:



Mr S Morrison - Director


UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. Statutory information

Upright Scaffolding Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09905608. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Southlands, Nadderwater, Exeter, EX4 2JH.

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.

Turnover
Turnover represents income receivable from scaffold erection, net of VAT and all discounts.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2024 324,527 69,583 6,353 400,463
Additions 11,247 - - 11,247
Disposals (262,424 ) (29,428 ) (6,353 ) (298,205 )
At 31 December 2024 73,350 40,155 - 113,505
Depreciation
At 1 January 2024 245,248 44,385 4,828 294,461
Charge for year 22,631 4,331 - 26,962
Eliminated on disposal (267,879 ) (21,553 ) (4,828 ) (294,260 )
At 31 December 2024 - 27,163 - 27,163
Net book value
At 31 December 2024 73,350 12,992 - 86,342
At 31 December 2023 79,279 25,198 1,525 106,002

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2024
and 31 December 2024 25,000
Depreciation
At 1 January 2024 14,453
Charge for year 2,637
At 31 December 2024 17,090
Net book value
At 31 December 2024 7,910
At 31 December 2023 10,547

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 9,570 1,000
Directors' current accounts 1,641 -
VAT 2,137 -
Prepayments and accrued income 530 588
13,878 1,588

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 35,470 18,295
Hire purchase contracts (see note 8) 5,376 4,997
Trade creditors 3,244 1,616
Tax 25,494 19,800
Social security and other taxes 1,507 2,004
VAT - 926
Other creditors 453 15,323
Directors' current accounts - 222
Accruals and deferred income 1,895 1,995
73,439 65,178

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 9,167 11,000
Bank loans - 2-5 years - 10,083
Hire purchase contracts (see note 8) 4,771 10,147
13,938 31,230

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,376 4,997
Between one and five years 4,771 10,147
10,147 15,144

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,000 7,689

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 10,147 15,144

The hire purchase contract is secured on the vehicle to which it relates.

UPRIGHT SCAFFOLDING SERVICES LTD (REGISTERED NUMBER: 09905608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 18,132 21,571

Deferred
tax
£   
Balance at 1 January 2024 21,571
Provided during year (3,439 )
Balance at 31 December 2024 18,132

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

12. Director's advances, credits and guarantees

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

2024 2023
£    £   
Mr S Morrison
Balance outstanding at start of year - 16,400
Amounts advanced 1,641 -
Amounts repaid - (16,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,641 -

At the balance sheet date the Director, Mr S Morrison, owed the company £1,641. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

13. Ultimate controlling party

The Director, Mr S Morrison, has ultimate control of the company by virtue of his 100% shareholding.