Company Registration No. 11565945 (England and Wales)
Big Red Scaffolding Ltd.
Unaudited accounts
for the year ended 30 September 2024
Big Red Scaffolding Ltd.
Unaudited accounts
Contents
Big Red Scaffolding Ltd.
Company Information
for the year ended 30 September 2024
Directors
Nicholas John Sevier
Roger Steven Sevier
Company Number
11565945 (England and Wales)
Registered Office
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OX12 8AT
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
Big Red Scaffolding Ltd.
Accountants' report
Accountants' report to the board of directors of Big Red Scaffolding Ltd. on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Big Red Scaffolding Ltd. for the year ended
30 September 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Big Red Scaffolding Ltd., as a body, in accordance with the terms of our engagement letter dated 4 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of Big Red Scaffolding Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Big Red Scaffolding Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Big Red Scaffolding Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Big Red Scaffolding Ltd.. You consider that Big Red Scaffolding Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Big Red Scaffolding Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
28 March 2025
Big Red Scaffolding Ltd.
Statement of financial position
as at 30 September 2024
Tangible assets
335,386
253,485
Cash at bank and in hand
90,646
90,120
Creditors: amounts falling due within one year
(50,997)
(152,408)
Net current assets
151,386
79,005
Total assets less current liabilities
486,772
332,490
Creditors: amounts falling due after more than one year
(131,075)
(58,592)
Provisions for liabilities
Deferred tax
(75,029)
(75,029)
Net assets
280,668
198,869
Called up share capital
200
200
Profit and loss account
280,468
198,669
Shareholders' funds
280,668
198,869
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Nicholas John Sevier
Director
Company Registration No. 11565945
Big Red Scaffolding Ltd.
Notes to the Accounts
for the year ended 30 September 2024
Big Red Scaffolding Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11565945. The registered office is POST OFFICE VAULTS, 4 MARKET PLACE, WANTAGE, OX12 8AT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Other tangible fixed assets
6% straight line - scaffold equipment
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Big Red Scaffolding Ltd.
Notes to the Accounts
for the year ended 30 September 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
285,869
160,698
446,567
Additions
16,121
166,189
182,310
Disposals
-
(31,222)
(31,222)
At 30 September 2024
301,990
295,665
597,655
At 1 October 2023
121,336
71,746
193,082
Charge for the year
42,843
40,003
82,846
On disposals
-
(13,659)
(13,659)
At 30 September 2024
164,179
98,090
262,269
At 30 September 2024
137,811
197,575
335,386
At 30 September 2023
164,533
88,952
253,485
Amounts falling due within one year
Trade debtors
105,145
141,050
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,980
8,196
Obligations under finance leases and hire purchase contracts
51,261
59,492
Trade creditors
7,848
29,727
Taxes and social security
(65,941)
37,047
Loans from directors
49,849
17,946
Big Red Scaffolding Ltd.
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
126,032
46,207
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).