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REGISTERED NUMBER: 07205036 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GILDAN SCAFFOLDING LIMITED

GILDAN SCAFFOLDING LIMITED (REGISTERED NUMBER: 07205036)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GILDAN SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr M J Dance
Mr G M Dance
Mr M C Dance





SECRETARY: Mr M C Dance





REGISTERED OFFICE: Kingsgate House
North Wing, Ground Floor
Newbury Road
Andover
Hampshire
SP10 4DU





REGISTERED NUMBER: 07205036 (England and Wales)






GILDAN SCAFFOLDING LIMITED (REGISTERED NUMBER: 07205036)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 211,430 289,408

CURRENT ASSETS
Debtors 6 152,953 149,514
Cash at bank 562,503 410,133
715,456 559,647
CREDITORS
Amounts falling due within one year 7 231,998 174,710
NET CURRENT ASSETS 483,458 384,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,888

674,345

CREDITORS
Amounts falling due after more than one
year

8

(52,345

)

(52,345

)

PROVISIONS FOR LIABILITIES (49,970 ) (52,724 )
NET ASSETS 592,573 569,276

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 591,573 568,276
SHAREHOLDERS' FUNDS 592,573 569,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mr M J Dance - Director


GILDAN SCAFFOLDING LIMITED (REGISTERED NUMBER: 07205036)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Gildan 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 (£).

The principal place of business address is The Spinney, Cooks Lane, Awbridge, Romsey, Hampshire, SO51 0HS

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the value of goods supplied or services rendered in the normal course of business, exclusive of value added tax.Turnover is recognised once a scaffolding lift is complete, it is also recognised when scaffolding is delivered to a site for hire which the customer is responsible for erecting.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% straight line
Plant and machinery - 25% straight line, 20% straight line, 10% straight line and 10% on reducing balance
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GILDAN SCAFFOLDING LIMITED (REGISTERED NUMBER: 07205036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. ACCOUNTING POLICIES - continued

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

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 26,121 533,951 142,258 7,973 710,303
Additions 2,389 9,371 - - 11,760
At 30 November 2024 28,510 543,322 142,258 7,973 722,063
DEPRECIATION
At 1 December 2023 337 354,809 61,011 4,738 420,895
Charge for year 1,123 51,165 35,565 1,885 89,738
At 30 November 2024 1,460 405,974 96,576 6,623 510,633
NET BOOK VALUE
At 30 November 2024 27,050 137,348 45,682 1,350 211,430
At 30 November 2023 25,784 179,142 81,247 3,235 289,408

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,074 130,007
Amounts owed by group undertakings 2,335 826
Other debtors 19,544 18,681
152,953 149,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,210 16,273
Amounts owed to group undertakings 13,410 12,210
Taxation and social security 56,002 24,852
Other creditors 149,376 121,375
231,998 174,710

GILDAN SCAFFOLDING LIMITED (REGISTERED NUMBER: 07205036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 52,345 52,345

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.