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Registered number: 11461005
Sk Scaffolding Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
BMG Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11461005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 343,952 398,921
343,952 398,921
CURRENT ASSETS
Debtors 5 154,292 99,295
Cash at bank and in hand - 80
154,292 99,375
Creditors: Amounts Falling Due Within One Year 6 (84,788 ) (73,865 )
NET CURRENT ASSETS (LIABILITIES) 69,504 25,510
TOTAL ASSETS LESS CURRENT LIABILITIES 413,456 424,431
Creditors: Amounts Falling Due After More Than One Year 7 (35,002 ) (35,002 )
NET ASSETS 378,454 389,429
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 57,989 57,989
Profit and Loss Account 320,463 331,438
SHAREHOLDERS' FUNDS 378,454 389,429
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Arden
Director
09/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sk Scaffolding Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11461005 . The registered office is 318a Palatine Road, Manchester, M22 4FW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 11)
4 11
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 314,289 73,093 129,616 1,613 518,611
Additions - - 10,964 - 10,964
As at 31 July 2024 314,289 73,093 140,580 1,613 529,575
Depreciation
As at 1 August 2023 70,271 28,595 20,438 386 119,690
Provided during the period 36,603 11,125 18,021 184 65,933
As at 31 July 2024 106,874 39,720 38,459 570 185,623
Net Book Value
As at 31 July 2024 207,415 33,373 102,121 1,043 343,952
As at 1 August 2023 244,018 44,498 109,178 1,227 398,921
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107,550 53,056
Prepayments and accrued income 1,683 1,683
VAT 14,535 23,397
Other taxes and social security 30,524 21,159
154,292 99,295
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Bank loans and overdrafts 3,316 12,545
Corporation tax 80,736 60,140
Accruals and deferred income 720 720
Director's loan account 16 458
84,788 73,865
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,002 35,002
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 August 2023 57,989
As at 31 July 2024 57,989
Page 5