Registered number
08096945
Telford Scaffolding Services Ltd
Filleted Accounts
30 June 2024
Telford Scaffolding Services Ltd
Registered number: 08096945
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 184,397 245,435
Current assets
Stocks 38,797 28,235
Debtors 4 325,349 195,587
Cash at bank and in hand 200,201 316,792
564,347 540,614
Creditors: amounts falling due within one year 5 (118,749) (82,427)
Net current assets 445,598 458,187
Total assets less current liabilities 629,995 703,622
Creditors: amounts falling due after more than one year 6 (13,333) (23,333)
Provisions for liabilities (46,633) (46,633)
Net assets 570,029 633,656
Capital and reserves
Called up share capital 100 100
Profit and loss account 569,929 633,556
Shareholders' funds 570,029 633,656
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Patterson
Director
Approved by the board on 7 May 2025
Telford Scaffolding Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 40% reducing balance
Fixtures and fittings 25% reducing balance
Motor Vehicles 25% reducing balance
Computer equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 912,301 31,365 272,054 1,215,720
Additions 34,101 1,375 63,127 98,603
Disposals - - (173,260) (173,260)
At 30 June 2024 946,402 32,740 161,921 1,141,063
Depreciation
At 1 July 2023 793,030 21,313 155,942 970,285
Charge for the year 61,349 2,857 27,935 92,141
On disposals - - (105,760) (105,760)
At 30 June 2024 854,379 24,170 78,117 956,666
Net book value
At 30 June 2024 92,023 8,570 83,804 184,397
At 30 June 2023 119,271 10,052 116,112 245,435
4 Debtors 2024 2023
£ £
Trade debtors 254,512 82,354
Other debtors 70,837 113,233
325,349 195,587
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 49,334 32,744
Taxation and social security costs 58,852 39,683
Other creditors 563 -
118,749 82,427
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,333 23,333
7 Other information
Telford Scaffolding Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O P1 Accounting Services Ltd
C11 Tweedale Industrial Estate
Madeley
Telford
TF7 4JR
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