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REGISTERED NUMBER: 02050862















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Island Scaffolding Limited

Island Scaffolding Limited (Registered number: 02050862)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Island Scaffolding Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: L Herron
Mrs D Herron





SECRETARY: L Herron





REGISTERED OFFICE: Greenacres Farm
Lower Road
Minster
Sheerness
Kent
ME12 3SW





REGISTERED NUMBER: 02050862





ACCOUNTANTS: I.B.C.
Suite 1, Unit C3
Knights Park Industrial Estate
Knight Road
Rochester
Kent
ME2 2LS

Island Scaffolding Limited (Registered number: 02050862)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

DIRECTORS
L Herron has held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L Herron - Director


21 May 2025

Island Scaffolding Limited (Registered number: 02050862)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER 1,032,266 1,139,706

Cost of sales 765,171 784,235
GROSS PROFIT 267,095 355,471

Administrative expenses 271,901 287,981
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT BEFORE TAXATION (4,806 ) 67,490

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (4,806 ) 67,490

Island Scaffolding Limited (Registered number: 02050862)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 70,407 59,085

CURRENT ASSETS
Stocks 15,666 5,314
Debtors 6 102,026 54,397
Cash at bank and in hand 36,189 101,015
153,881 160,726
CREDITORS
Amounts falling due within one year 7 128,092 118,809
NET CURRENT ASSETS 25,789 41,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,196

101,002

CAPITAL AND RESERVES
Called up share capital 242 242
Retained earnings 95,954 100,760
SHAREHOLDERS' FUNDS 96,196 101,002

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





L Herron - Director


Island Scaffolding Limited (Registered number: 02050862)

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

1. STATUTORY INFORMATION

Island Scaffolding Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.8.24 31.8.23
£    £   
Depreciation - owned assets 13,578 10,479

Island Scaffolding Limited (Registered number: 02050862)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 44,523 24,531 247,319 15,061 331,434
Additions - - 24,900 - 24,900
At 31 August 2024 44,523 24,531 272,219 15,061 356,334
DEPRECIATION
At 1 September 2023 12,721 22,612 221,983 15,033 272,349
Charge for year 532 480 12,559 7 13,578
At 31 August 2024 13,253 23,092 234,542 15,040 285,927
NET BOOK VALUE
At 31 August 2024 31,270 1,439 37,677 21 70,407
At 31 August 2023 31,802 1,919 25,336 28 59,085

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 87,344 45,620
Other debtors 14,682 8,777
102,026 54,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 85,642 98,159
Accruals 42,450 20,650
128,092 118,809