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REGISTERED NUMBER: 08966748 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

B1st Scaffolding Limited

B1st Scaffolding Limited (Registered number: 08966748)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B1st Scaffolding Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr A Hands





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
DE24 8JY





REGISTERED NUMBER: 08966748 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

B1st Scaffolding Limited (Registered number: 08966748)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 828,313 530,274
Investment property 5 350,000 350,000
1,178,313 880,274

CURRENT ASSETS
Debtors 6 704,223 454,641
Cash at bank 720,906 165,169
1,425,129 619,810
CREDITORS
Amounts falling due within one year 7 544,635 257,609
NET CURRENT ASSETS 880,494 362,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,058,807

1,242,475

CREDITORS
Amounts falling due after more than one
year

8

(449,650

)

(348,013

)

PROVISIONS FOR LIABILITIES (188,606 ) (114,766 )
NET ASSETS 1,420,551 779,696

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non - distributable reserve 10 147,721 147,721
Retained earnings 1,272,730 631,875
SHAREHOLDERS' FUNDS 1,420,551 779,696

B1st Scaffolding Limited (Registered number: 08966748)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





Mr A Hands - Director


B1st Scaffolding Limited (Registered number: 08966748)

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

1. STATUTORY INFORMATION

B1st Scaffolding Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 20% on cost
Motor vehicles - at varying rates on cost
Office equipment - at varying rates on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

B1st Scaffolding Limited (Registered number: 08966748)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 268,170 853,191 -
Additions 2,678 302,559 2,312
Disposals - (72,949 ) -
At 31 December 2024 270,848 1,082,801 2,312
DEPRECIATION
At 1 January 2024 - 642,963 -
Charge for year - 135,380 462
Eliminated on disposal - (72,949 ) -
At 31 December 2024 - 705,394 462
NET BOOK VALUE
At 31 December 2024 270,848 377,407 1,850
At 31 December 2023 268,170 210,228 -

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 270,134 11,586 1,403,081
Additions 179,604 5,377 492,530
Disposals - - (72,949 )
At 31 December 2024 449,738 16,963 1,822,662
DEPRECIATION
At 1 January 2024 221,871 7,973 872,807
Charge for year 54,588 4,061 194,491
Eliminated on disposal - - (72,949 )
At 31 December 2024 276,459 12,034 994,349
NET BOOK VALUE
At 31 December 2024 173,279 4,929 828,313
At 31 December 2023 48,263 3,613 530,274

B1st Scaffolding Limited (Registered number: 08966748)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 211,578 175,454 387,032
Reclassification/transfer 62,414 237,784 300,198
At 31 December 2024 273,992 413,238 687,230
DEPRECIATION
Charge for year 45,616 53,758 99,374
Reclassification/transfer 49,214 189,521 238,735
At 31 December 2024 94,830 243,279 338,109
NET BOOK VALUE
At 31 December 2024 179,162 169,959 349,121

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 350,000
NET BOOK VALUE
At 31 December 2024 350,000
At 31 December 2023 350,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 90,000
Valuation in 2021 85,000
Valuation in 2022 21,961
Cost 153,039
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 153,039 153,039

Investment property was valued on an open market basis on 31 December 2024 by the directors .

B1st Scaffolding Limited (Registered number: 08966748)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 164,150 75,563
Other debtors 454,022 330,986
VAT 11,843 -
Prepayments and accrued income 74,208 48,092
704,223 454,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 83,240 76,996
Hire purchase contracts 123,664 70,699
Trade creditors 23,161 18,729
Tax 141,792 54,844
Social security and other taxes 23,257 13,372
VAT - 9,987
Other creditors 3,787 -
Credit Card 3,297 2,876
Accruals and deferred income 142,437 10,106
544,635 257,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 73,857 83,079
Bank loans - 2-5 years 53,343 105,631
Bank loans more 5 yr by instal 96,053 117,009
Hire purchase contracts 226,397 42,294
449,650 348,013

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 96,053 117,009

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

B1st Scaffolding Limited (Registered number: 08966748)

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

10. RESERVES
Non -
distributable
reserve
£   
At 1 January 2024
and 31 December 2024 147,721

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr A Hands
Balance outstanding at start of year - -
Amounts advanced 103,921 -
Amounts repaid (103,921 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was charged on the overdrawn director's loan account at HM Revenue and Customs official rate of interest of 2.25% per annum.

12. RELATED PARTY DISCLOSURES

The balance due from the company that controls the entity at 31st December 2024 was £444,964 (2023: £322,428)

The balances due from companies with common directors at 31st December 2024 amount to £7,668 (2023: £8,481)