Registered number
07842238
Spire Scaffolding Limited
Filleted Accounts
30 November 2024
Spire Scaffolding Limited
Registered number: 07842238
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,840 26,474
Current assets
Debtors 4 41,385 42,995
Cash at bank and in hand 11,486 -
52,871 42,995
Creditors: amounts falling due within one year 5 (46,642) (49,767)
Net current assets/(liabilities) 6,229 (6,772)
Total assets less current liabilities 25,069 19,702
Creditors: amounts falling due after more than one year 6 (13,955) (16,262)
Net assets 11,114 3,440
Capital and reserves
Called up share capital 3,001 3,001
Profit and loss account 8,113 439
Shareholders' funds 11,114 3,440
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Daniel Houghton
Director
Approved by the board on 9 June 2025
Spire Scaffolding Limited
Notes to the Accounts
for the year ended 30 November 2024
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% Reducing balance
Plant and machinery 18% 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 3,008 69,510 15,750 88,268
Additions 3,630 - - 3,630
Disposals - - (8,250) (8,250)
At 30 November 2024 6,638 69,510 7,500 83,648
Depreciation
At 1 December 2023 1,243 56,613 3,938 61,794
Charge for the year 1,349 2,322 1,406 5,077
On disposals - - (2,063) (2,063)
At 30 November 2024 2,592 58,935 3,281 64,808
Net book value
At 30 November 2024 4,046 10,575 4,219 18,840
At 30 November 2023 1,765 12,897 11,812 26,474
4 Debtors 2024 2023
£ £
Trade debtors 8,690 8,490
Directors loan account 32,050 32,050
Other debtors 645 2,455
41,385 42,995
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,212 13,032
Trade creditors 547 385
Taxation and social security costs 41,967 35,645
Other creditors 916 705
46,642 49,767
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,507 16,262
Other creditors 448 -
13,955 16,262
7 Other information
Spire Scaffolding Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Hudson Road
Salisbury
Wiltshire
SP1 3JW
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