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REGISTERED NUMBER: 10354424 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

EVEREST SCAFFOLDING LTD

EVEREST SCAFFOLDING LTD (REGISTERED NUMBER: 10354424)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


EVEREST SCAFFOLDING LTD (REGISTERED NUMBER: 10354424)

STATEMENT OF FINANCIAL POSITION
29 SEPTEMBER 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 581,048 361,666

CURRENT ASSETS
Debtors 5 794,214 355,881
Cash at bank 47,025 485,380
841,239 841,261
CREDITORS
Amounts falling due within one year 6 644,706 619,984
NET CURRENT ASSETS 196,533 221,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,581

582,943

CREDITORS
Amounts falling due after more than one year 7 (16,451 ) (42,714 )

PROVISIONS FOR LIABILITIES 9 (79,597 ) (83,857 )
NET ASSETS 681,533 456,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 681,433 456,272
681,533 456,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:



Mr A Zeneli - Director


EVEREST SCAFFOLDING LTD (REGISTERED NUMBER: 10354424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

1. STATUTORY INFORMATION

Everest Scaffolding Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10354424

Registered office: Unit 3 Noakes Ind Est
New Road
Rainham
RM13 9EB

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
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicle - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.


EVEREST SCAFFOLDING LTD (REGISTERED NUMBER: 10354424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material 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 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.

Hire purchase / leasing
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

EVEREST SCAFFOLDING LTD (REGISTERED NUMBER: 10354424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 30 September 2023 - 432,048 9,642 158,830 600,520
Additions 238,000 40,000 5,000 - 283,000
Disposals - - - (16,200 ) (16,200 )
At 29 September 2024 238,000 472,048 14,642 142,630 867,320
DEPRECIATION
At 30 September 2023 - 151,073 2,273 85,508 238,854
Charge for year - 42,146 1,106 14,665 57,917
Eliminated on disposal - - - (10,499 ) (10,499 )
At 29 September 2024 - 193,219 3,379 89,674 286,272
NET BOOK VALUE
At 29 September 2024 238,000 278,829 11,263 52,956 581,048
At 29 September 2023 - 280,975 7,369 73,322 361,666

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 30 September 2023 99,880
Disposals (16,200 )
At 29 September 2024 83,680
DEPRECIATION
At 30 September 2023 46,032
Charge for year 10,769
Eliminated on disposal (10,499 )
At 29 September 2024 46,302
NET BOOK VALUE
At 29 September 2024 37,378
At 29 September 2023 53,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 364,881 164,575
Other debtors 429,333 191,306
794,214 355,881

EVEREST SCAFFOLDING LTD (REGISTERED NUMBER: 10354424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 10,313 10,067
Hire purchase contracts (see note 8) 12,471 16,695
Trade creditors 250,972 209,698
Taxation and social security 175,694 131,156
Other creditors 195,256 252,368
644,706 619,984

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 6,513 16,756
Hire purchase contracts (see note 8) 9,938 25,958
16,451 42,714

8. LEASING AGREEMENTS

At the balance sheet date, the company had total outstanding commitments of £39,658 ( 2023: £55,332) under non-cancellable operating leases.

9. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 79,597 83,857

Deferred
tax
£   
Balance at 30 September 2023 83,857
Provided during year (4,260 )
Balance at 29 September 2024 79,597

10. RELATED PARTY DISCLOSURES

Included in other debtors less than one year is an amount of £149,560 (2023: £39,574) due from a connected company with common control. The amount is interest-free and recoverable on demand.

Included in other creditors less than one year is an amount of £185,074 (2023: £248,051) due to the shareholders of the company. The amount is interest-free and repayable on demand.