Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09273553 Mr James Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09273553 2023-10-31 09273553 2024-10-31 09273553 2023-11-01 2024-10-31 09273553 frs-core:CurrentFinancialInstruments 2024-10-31 09273553 frs-core:Non-currentFinancialInstruments 2024-10-31 09273553 frs-core:BetweenOneFiveYears 2024-10-31 09273553 frs-core:FurnitureFittings 2024-10-31 09273553 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09273553 frs-core:FurnitureFittings 2023-10-31 09273553 frs-core:MotorVehicles 2024-10-31 09273553 frs-core:MotorVehicles 2023-11-01 2024-10-31 09273553 frs-core:MotorVehicles 2023-10-31 09273553 frs-core:PlantMachinery 2024-10-31 09273553 frs-core:PlantMachinery 2023-11-01 2024-10-31 09273553 frs-core:PlantMachinery 2023-10-31 09273553 frs-core:WithinOneYear 2024-10-31 09273553 frs-core:ShareCapital 2024-10-31 09273553 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09273553 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09273553 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09273553 frs-bus:SmallEntities 2023-11-01 2024-10-31 09273553 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09273553 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09273553 frs-core:CostValuation 2023-10-31 09273553 frs-core:CostValuation 2024-10-31 09273553 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 09273553 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 09273553 frs-bus:Director1 2023-11-01 2024-10-31 09273553 frs-core:CurrentFinancialInstruments 1 2024-10-31 09273553 frs-countries:EnglandWales 2023-11-01 2024-10-31 09273553 2022-10-31 09273553 2023-10-31 09273553 2022-11-01 2023-10-31 09273553 frs-core:CurrentFinancialInstruments 2023-10-31 09273553 frs-core:Non-currentFinancialInstruments 2023-10-31 09273553 frs-core:BetweenOneFiveYears 2023-10-31 09273553 frs-core:WithinOneYear 2023-10-31 09273553 frs-core:ShareCapital 2023-10-31 09273553 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09273553 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 09273553
Baker Scaffolding (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
MH Professionals Ltd
Flat 2 4-5 Market Place
Bexleyheath
Kent
DA6 7DU
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09273553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 144,128 164,340
Investments 5 100 100
144,228 164,440
CURRENT ASSETS
Stocks 6 61,099 58,090
Debtors 7 391,692 400,413
Cash at bank and in hand 53,138 8,162
505,929 466,665
Creditors: Amounts Falling Due Within One Year 8 (114,234 ) (64,875 )
NET CURRENT ASSETS (LIABILITIES) 391,695 401,790
TOTAL ASSETS LESS CURRENT LIABILITIES 535,923 566,230
Creditors: Amounts Falling Due After More Than One Year 9 (94,254 ) (196,909 )
NET ASSETS 441,669 369,321
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 441,569 369,221
SHAREHOLDERS' FUNDS 441,669 369,321
Page 1
Page 2
For the year ending 31 October 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 Income Statement.
On behalf of the board
Mr James Baker
Director
2nd July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baker Scaffolding (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09273553 . The registered office is 19 Rectory Meadow, Southfleet, Gravesend, Kent, DA13 9NY.
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 5% straight line method
Motor Vehicles 25% reducing balance method
Fixtures & Fittings 25% reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 30,683 291,946 1,608 324,237
Additions - 18,600 1,846 20,446
As at 31 October 2024 30,683 310,546 3,454 344,683
Depreciation
As at 1 November 2023 2,992 155,709 1,196 159,897
Provided during the period 1,384 38,709 565 40,658
As at 31 October 2024 4,376 194,418 1,761 200,555
Net Book Value
As at 31 October 2024 26,307 116,128 1,693 144,128
As at 1 November 2023 27,691 136,237 412 164,340
Page 4
Page 5
5. Investments
Subsidiaries
£
Cost
As at 1 November 2023 100
As at 31 October 2024 100
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 100
As at 1 November 2023 100
6. Stocks
2024 2023
£ £
Work in progress 61,099 58,090
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,692 132,737
VAT 4,288 14,562
CIS tax control account 78,511 66,663
189,491 213,962
Due after more than one year
Amounts owed by group undertakings 202,201 186,451
391,692 400,413
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,350 -
Trade creditors - 29,209
Bank loans and overdrafts 2,749 -
Corporation tax 56,890 22,935
PAYE, employer's and employees' NIC liabilty 2,667 2,667
Accruals and deferred income 10,534 6,000
Director's loan account 44 4,064
114,234 64,875
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 59,188 128,810
Bank loans 35,066 68,099
94,254 196,909
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 51,215 -
Later than one year and not later than five years 73,065 160,968
124,280 160,968
Less: Finance charges allocated to future periods 23,742 32,158
100,538 128,810
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6