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REGISTERED NUMBER: SC152775 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

AB SCAFF LIMITED

AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AB SCAFF LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M J MacLeod
I K MacLeod





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC152775 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Balance Sheet
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 327,855 357,467
327,855 357,467

CURRENT ASSETS
Debtors 6 435,753 417,715
Cash at bank 519,588 442,752
955,341 860,467
CREDITORS
Amounts falling due within one year 7 240,625 206,977
NET CURRENT ASSETS 714,716 653,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,571

1,010,957

CREDITORS
Amounts falling due after more than one year 8 (47,809 ) (23,735 )

PROVISIONS FOR LIABILITIES 9 (71,466 ) (58,422 )
NET ASSETS 923,296 928,800

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 923,294 928,798
SHAREHOLDERS' FUNDS 923,296 928,800

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.

AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





I K MacLeod - Director


AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Ab Scaff Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Computer software
Computer software is being amortised over its estimated useful life of four years.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 24 (2023 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 28,875
AMORTISATION
At 1 September 2023
and 31 August 2024 28,875
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 48,431 894,139 3,666
Additions - 3,579 -
Disposals - - -
At 31 August 2024 48,431 897,718 3,666
DEPRECIATION
At 1 September 2023 36,296 710,044 3,335
Charge for year 1,217 46,017 83
Eliminated on disposal - - -
At 31 August 2024 37,513 756,061 3,418
NET BOOK VALUE
At 31 August 2024 10,918 141,657 248
At 31 August 2023 12,135 184,095 331

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 368,648 27,477 1,342,361
Additions 71,250 - 74,829
Disposals (34,850 ) - (34,850 )
At 31 August 2024 405,048 27,477 1,382,340
DEPRECIATION
At 1 September 2023 213,452 21,767 984,894
Charge for year 50,757 1,425 99,499
Eliminated on disposal (29,908 ) - (29,908 )
At 31 August 2024 234,301 23,192 1,054,485
NET BOOK VALUE
At 31 August 2024 170,747 4,285 327,855
At 31 August 2023 155,196 5,710 357,467

AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 264,525
Additions 71,250
At 31 August 2024 335,775
DEPRECIATION
At 1 September 2023 159,993
Charge for year 38,788
At 31 August 2024 198,781
NET BOOK VALUE
At 31 August 2024 136,994
At 31 August 2023 104,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 422,213 398,199
Directors' current accounts 201 201
Prepayments and accrued income 13,339 19,315
435,753 417,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 30,560 34,865
Trade creditors 71,176 39,495
Tax 32,081 28,630
Social security and other taxes 46,897 45,456
VAT 18,134 11,055
Other creditors 37,030 43,035
Directors' current accounts 539 539
Accruals and deferred income 4,208 3,902
240,625 206,977

AB SCAFF LIMITED (REGISTERED NUMBER: SC152775)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 47,809 23,735

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 71,466 58,422

Deferred
tax
£   
Balance at 1 September 2023 58,422
Accelerated capital allowances 13,044
Balance at 31 August 2024 71,466