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Registration number: 02523031

Lenehan Scaffolding (Preston) Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Lenehan Scaffolding (Preston) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Lenehan Scaffolding (Preston) Limited

(Registration number: 02523031)
Statement of Financial Position as at 31 August 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

379,474

432,277

Current assets

 

Debtors

5

665,052

963,517

Cash at bank and in hand

 

332,024

455,185

 

997,076

1,418,702

Creditors: Amounts falling due within one year

6

(319,845)

(617,306)

Net current assets

 

677,231

801,396

Total assets less current liabilities

 

1,056,705

1,233,673

Creditors: Amounts falling due after more than one year

6

(18,425)

(72,644)

Provisions for liabilities

(48,930)

(54,330)

Net assets

 

989,350

1,106,699

Capital and reserves

 

Called up share capital

1,100

1,100

Retained earnings

988,250

1,105,599

Shareholders' funds

 

989,350

1,106,699

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

 

Lenehan Scaffolding (Preston) Limited

(Registration number: 02523031)
Statement of Financial Position as at 31 August 2024

Mr TAG Shahsvar
Director

   
     
 

Lenehan Scaffolding (Preston) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit G8 Red Scar Industrial Estate
Longridge Road
Preston
Lancashire
PR2 5NQ
England

These financial statements were authorised for issue by the Board on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lenehan Scaffolding (Preston) Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvement

20% reducing balance

Plant and machinery

15% reducing balance

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2023 - 29).

 

Lenehan Scaffolding (Preston) Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

135,357

398,501

486,166

1,020,024

Additions

-

951

24,040

24,991

Disposals

-

-

(3,900)

(3,900)

At 31 August 2024

135,357

399,452

506,306

1,041,115

Depreciation

At 1 September 2023

84,285

269,014

234,448

587,747

Charge for the year

10,213

19,542

44,302

74,057

Eliminated on disposal

-

-

(163)

(163)

At 31 August 2024

94,498

288,556

278,587

661,641

Carrying amount

At 31 August 2024

40,859

110,896

227,719

379,474

At 31 August 2023

51,072

129,487

251,718

432,277

Included within the net book value of land and buildings above is £40,859 (2023 - £51,072) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

261,988

626,044

Prepayments

7,587

7,129

Other debtors

395,477

330,344

 

665,052

963,517

 

Lenehan Scaffolding (Preston) Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

(As restated)

2023
£

Due within one year

 

Loans and borrowings

52,935

121,485

Trade creditors

 

63,971

126,877

Taxation and social security

 

140,072

88,661

Accruals and deferred income

 

16,408

51,188

Other creditors

 

46,459

229,095

 

319,845

617,306

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

18,425

72,644

7

Obligations under leases and hire purchase contracts

Finance leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

52,935

121,486

Later than one year and not later than five years

18,425

72,644

71,360

194,130

The hire purchase creditors are secured on the asset to which the finance relates.