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Registered Number: 09834484


 

 

 


Unaudited Financial Statements


for the year ended 31 March 2025

for

CORNFIELD SCAFFOLDING LTD

 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 554,134    299,655 
554,134    299,655 
Current assets      
Debtors 4 362,667    276,704 
Cash at bank and in hand 192,954    19,468 
555,621    296,172 
Creditors: amount falling due within one year 5 (368,499)   (242,958)
Net current assets 187,122    53,214 
 
Total assets less current liabilities 741,256    352,869 
Creditors: amount falling due after more than one year 6 (230,199)   (127,235)
Provisions for liabilities 7 (138,533)   (74,914)
Net assets 372,524    150,720 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 372,522    150,718 
Shareholders' funds 372,524    150,720 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 June 2025 and were signed on its behalf by:


-------------------------------
Jonathon CORNFIELD
Director
1
General Information
CORNFIELD SCAFFOLDING LTD is a private company, limited by shares, registered in , registration number 09834484, registration address 13 THE CLOSE, NORWICH, NR1 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2024 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2024 524,813    70,250    6,835    9,364    611,262 
Additions 393,286          393,286 
Disposals        
At 31 March 2025 918,099    70,250    6,835    9,364    1,004,548 
Depreciation
At 01 April 2024 267,061    36,592    2,989    4,964    311,606 
Charge for year 130,208    6,731    769    1,100    138,808 
On disposals        
At 31 March 2025 397,269    43,323    3,758    6,064    450,414 
Net book values
Closing balance as at 31 March 2025 520,830    26,927    3,077    3,300    554,134 
Opening balance as at 01 April 2024 257,752    33,657    3,846    4,400    299,655 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 339,956    235,840 
Other Debtors 13,597    30,273 
VAT 9,114    10,591 
362,667    276,704 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 149,327    56,998 
Bank Loans & Overdrafts 61,311   
Corporation Tax 53,449    56,190 
PAYE & Social Security 25,574    15,452 
Other Creditors 31,942    274 
Wages & Salaries Control Account   4,072 
Directors' Current Accounts 46,896    109,972 
368,499    242,958 

6.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 230,199    127,235 
230,199    127,235 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 74,914    74,914 
Charged to Profit & Loss 63,619   
138,533    74,914 

2