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COMPANY REGISTRATION NUMBER: 09256959
BRYANT SCAFFOLDING SERVICES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2025
BRYANT SCAFFOLDING SERVICES LTD
STATEMENT OF FINANCIAL POSITION
31 January 2025
2025
2024
Note
£
£
FIXED ASSETS
Tangible assets
6
267,130
259,210
CURRENT ASSETS
Stocks
3,270
3,270
Debtors
7
179,387
188,361
Cash at bank and in hand
108,757
194,360
---------
---------
291,414
385,991
CREDITORS: amounts falling due within one year
8
145,835
177,294
---------
---------
NET CURRENT ASSETS
145,579
208,697
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
412,709
467,907
CREDITORS: amounts falling due after more than one year
9
27,609
48,927
---------
---------
NET ASSETS
385,100
418,980
---------
---------
CAPITAL AND RESERVES
Called up share capital
12
100
100
Profit and loss account
385,000
418,880
---------
---------
SHAREHOLDERS FUNDS
385,100
418,980
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BRYANT SCAFFOLDING SERVICES LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 15 May 2025 , and are signed on behalf of the board by:
W R Bryant
Director
Company registration number: 09256959
BRYANT SCAFFOLDING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2B Longbrook Trading Estate, Ashton Vale Road, Bristol, BS3 2HW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Scaffolding equipment
-
10% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 16 (2024: 18 ).
5. DIVIDENDS
2025
2024
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
159,000
16,000
---------
--------
6. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 February 2024
334,811
98,465
2,706
435,982
Additions
52,001
8,635
46
60,682
---------
---------
-------
---------
At 31 January 2025
386,812
107,100
2,752
496,664
---------
---------
-------
---------
Depreciation
At 1 February 2024
143,658
30,859
2,255
176,772
Charge for the year
33,481
19,060
221
52,762
---------
---------
-------
---------
At 31 January 2025
177,139
49,919
2,476
229,534
---------
---------
-------
---------
Carrying amount
At 31 January 2025
209,673
57,181
276
267,130
---------
---------
-------
---------
At 31 January 2024
191,153
67,606
451
259,210
---------
---------
-------
---------
7. DEBTORS
2025
2024
£
£
Trade debtors
141,927
164,814
Other debtors
37,460
23,547
---------
---------
179,387
188,361
---------
---------
8. CREDITORS: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,008
Trade creditors
48,130
37,035
Corporation tax
42,922
52,079
Social security and other taxes
12,350
28,053
Other creditors
32,433
50,119
---------
---------
145,835
177,294
---------
---------
9. CREDITORS: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,386
13,769
Other creditors
24,223
35,158
--------
--------
27,609
48,927
--------
--------
Included within Creditors: amounts falling due after more than one year is an amount of £Nil (2022 - £2,563) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10. FINANCE LEASES AND HIRE PURCHASE CONTRACTS
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2025
2024
£
£
Not later than 1 year
10,935
10,935
Later than 1 year and not later than 5 years
24,223
35,158
--------
--------
35,158
46,093
--------
--------
11. EMPLOYEE BENEFITS
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 11,774 (2024: £ 11,818 ).
12. CALLED UP SHARE CAPITAL
Authorised share capital
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
13. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
24,329
----
--------
14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
Included in other creditors is directors loan account balance of £14,789 (2023 - £15,782).
15. RELATED PARTY TRANSACTIONS
A shareholder director is a director shareholder in a different trading company. This company has previously lent Bryant Scaffolding Services Limited funding. As at the year end, the loan outstanding amounted to £17,720 (2024 £17,220). The loan is interest free and is included within creditors.