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REGISTERED NUMBER: 09900215 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tom Garnett Scaffolding Limited

Tom Garnett Scaffolding Limited (Registered number: 09900215)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tom Garnett Scaffolding Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr T Garnett





REGISTERED OFFICE: Unit L Radford Business Centre
Radford Way
Billericay
Essex
CM12 0BZ





REGISTERED NUMBER: 09900215 (England and Wales)






Tom Garnett Scaffolding Limited (Registered number: 09900215)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,148,025 791,963

CURRENT ASSETS
Stocks 98,930 66,260
Debtors 5 681,670 607,490
Cash at bank and in hand 185,977 348,682
966,577 1,022,432
CREDITORS
Amounts falling due within one year 6 271,031 195,047
NET CURRENT ASSETS 695,546 827,385
TOTAL ASSETS LESS CURRENT LIABILITIES 1,843,571 1,619,348

CREDITORS
Amounts falling due after more than one year 7 (243,727 ) (234,978 )

PROVISIONS FOR LIABILITIES (262,253 ) (185,423 )
NET ASSETS 1,337,591 1,198,947

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 1,337,391 1,198,847
1,337,591 1,198,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Tom Garnett Scaffolding Limited (Registered number: 09900215)

Balance Sheet - continued
31 December 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 director and authorised for issue on 6 May 2025 and were signed by:





Mr T Garnett - Director


Tom Garnett Scaffolding Limited (Registered number: 09900215)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Tom Garnett 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 5% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tom Garnett Scaffolding Limited (Registered number: 09900215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 8,500 1,186,809 1,195,309
Additions - 504,602 504,602
Disposals - (11,500 ) (11,500 )
At 31 December 2024 8,500 1,679,911 1,688,411
DEPRECIATION
At 1 January 2024 510 402,836 403,346
Charge for year 170 139,170 139,340
Eliminated on disposal - (2,300 ) (2,300 )
At 31 December 2024 680 539,706 540,386
NET BOOK VALUE
At 31 December 2024 7,820 1,140,205 1,148,025
At 31 December 2023 7,990 783,973 791,963

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 527,343 400,282
Amounts receivable in respect of hire
purchase contracts

17,506

13,962
Other debtors 115,051 171,391
659,900 585,635

Tom Garnett Scaffolding Limited (Registered number: 09900215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Amounts owed by associates 21,770 15,796
Other debtors - 6,059
21,770 21,855

Aggregate amounts 681,670 607,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 156,737 81,808
Taxation and social security 106,743 105,903
Other creditors 7,551 7,336
271,031 195,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 83,333 123,333
Hire purchase contracts 160,394 90,958
Other creditors - 20,687
243,727 234,978