Registered number
08837083
JTL Scaffolding Ltd
Report and Accounts
31 January 2025
JTL Scaffolding Ltd
Registered number: 08837083
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 409,339 444,974
Current assets
Debtors 4 729,967 626,316
Cash at bank and in hand 349,618 471,606
1,079,585 1,097,922
Creditors: amounts falling due within one year 5 (560,380) (646,317)
Net current assets 519,205 451,605
Total assets less current liabilities 928,544 896,579
Creditors: amounts falling due after more than one year 6 (57,012) (161,044)
Provisions for liabilities (88,305) (96,392)
Net assets 783,227 639,143
Capital and reserves
Called up share capital 105 105
Profit and loss account 783,122 639,038
Shareholder's funds 783,227 639,143
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Skivington
Director
Approved by the board on 2 June 2025
JTL Scaffolding Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation.. Depreciation is provided on all tangible fixed assets, other than freehold land, at the following rates:-
Scaffolding 50% & 20% straight line
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 19 25
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 842,605 812,564 1,655,169
Additions 58,321 40,495 98,816
Disposals - (43,550) (43,550)
At 31 January 2025 900,926 809,509 1,710,435
Depreciation
At 1 February 2024 726,330 483,865 1,210,195
Charge for the year 27,043 84,686 111,729
On disposals - (20,828) (20,828)
At 31 January 2025 753,373 547,723 1,301,096
Net book value
At 31 January 2025 147,553 261,786 409,339
At 31 January 2024 116,275 328,699 444,974
4 Debtors 2025 2024
£ £
Trade debtors 469,492 468,992
Other debtors 29,928 69,368
Other taxes and social security costs 230,547 87,956
729,967 626,316
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 50,000 50,000
Obligations under finance lease and hire purchase contracts 33,250 42,444
Trade creditors 359,791 287,029
Other taxes and social security costs 17,355 130,530
Other creditors 99,984 136,314
560,380 646,317
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 45,833 95,833
Obligations under finance lease and hire purchase contracts 11,179 65,211
57,012 161,044
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H Skivington
Directors loan account (583) (12,000) 20,100 7,517
(583) (12,000) 20,100 7,517
8 Related party transactions
JTL Special Projects Ltd, who is under the same common control as JTL Scaffolding Ltd, was repaid £48,289 during the year. The sum of £85,013 is owed as at 31 January 2025. The loan is interest free and repayable upon demand.
HJS & Son Holdings Ltd, who owns shares in JTL Scaffolding Ltd, was paid £326,000 during the year. £36,000 was repaid and a dividend of £290,000 was voted on 31 January 2025. The balance as at 31 January 2025 was nil.
9 Controlling party
The company is controlled by its director.
10 Other information
JTL Scaffolding Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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