IRIS Accounts Production v25.1.3.33 08314402 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083144022023-11-30083144022024-11-30083144022023-12-012024-11-30083144022022-11-30083144022022-12-012023-11-30083144022023-11-3008314402ns15:EnglandWales2023-12-012024-11-3008314402ns14:PoundSterling2023-12-012024-11-3008314402ns10:Director12023-12-012024-11-3008314402ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3008314402ns10:SmallEntities2023-12-012024-11-3008314402ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3008314402ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3008314402ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3008314402ns10:AbridgedAccounts2023-12-012024-11-3008314402ns10:Director22023-12-012024-11-3008314402ns10:RegisteredOffice2023-12-012024-11-3008314402ns5:CurrentFinancialInstruments2024-11-3008314402ns5:CurrentFinancialInstruments2023-11-3008314402ns5:Non-currentFinancialInstruments2024-11-3008314402ns5:Non-currentFinancialInstruments2023-11-3008314402ns5:ShareCapital2024-11-3008314402ns5:ShareCapital2023-11-3008314402ns5:RetainedEarningsAccumulatedLosses2024-11-3008314402ns5:RetainedEarningsAccumulatedLosses2023-11-3008314402ns5:PlantMachinery2023-12-012024-11-3008314402ns5:WithinOneYear2024-11-3008314402ns5:WithinOneYear2023-11-3008314402ns5:BetweenOneFiveYears2024-11-3008314402ns5:BetweenOneFiveYears2023-11-3008314402ns5:AllPeriods2024-11-3008314402ns5:AllPeriods2023-11-3008314402ns5:Secured2024-11-3008314402ns5:Secured2023-11-30
REGISTERED NUMBER: 08314402 (England and Wales)










Unaudited Financial Statements

For The Year Ended 30 November 2024

for

Erect A Scaffold Ltd

Erect A Scaffold Ltd (Registered number: 08314402)






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Erect A Scaffold Ltd

Company Information
For The Year Ended 30 November 2024







DIRECTORS: R P King
P J King





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 08314402 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Erect A Scaffold Ltd (Registered number: 08314402)

Abridged Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,585 28,376

CURRENT ASSETS
Stocks - 8,000
Debtors 97,822 223,491
Cash at bank and in hand 6,804 24,183
104,626 255,674
CREDITORS
Amounts falling due within one year 56,621 149,874
NET CURRENT ASSETS 48,005 105,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,590

134,176

CREDITORS
Amounts falling due after more than one
year

(6,909

)

(18,696

)

PROVISIONS FOR LIABILITIES (5,045 ) (5,045 )
NET ASSETS 41,636 110,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,536 110,335
41,636 110,435

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.

Erect A Scaffold Ltd (Registered number: 08314402)

Abridged Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 May 2025 and were signed on its behalf by:





P J King - Director


Erect A Scaffold Ltd (Registered number: 08314402)

Notes to the Financial Statements
For The Year Ended 30 November 2024

1. STATUTORY INFORMATION

Erect A Scaffold Ltd 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 - 25% on reducing balance, 15% on reducing balance and 5% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Erect A Scaffold Ltd (Registered number: 08314402)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Trade debtors, loans and other debtors that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and debtors'. Loans and debtors are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term debtors when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Erect A Scaffold Ltd (Registered number: 08314402)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless they are included in a hedging arrangement.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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.

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.

Erect A Scaffold Ltd (Registered number: 08314402)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 82,632
Disposals (60,100 )
At 30 November 2024 22,532
DEPRECIATION
At 1 December 2023 54,256
Charge for year 6,684
Eliminated on disposal (43,993 )
At 30 November 2024 16,947
NET BOOK VALUE
At 30 November 2024 5,585
At 30 November 2023 28,376

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.24 30.11.23
£    £   
Within one year 3,853 13,000
Between one and five years - 3,250
3,853 16,250

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 18,709 30,496

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2024, there was an amount owing from the directors of £Nil (2023: £35,050).