IRIS Accounts Production v25.1.4.42 05977556 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059775562023-10-31059775562024-10-31059775562023-11-012024-10-31059775562022-10-31059775562022-11-012023-10-31059775562023-10-3105977556ns15:EnglandWales2023-11-012024-10-3105977556ns14:PoundSterling2023-11-012024-10-3105977556ns10:Director12023-11-012024-10-3105977556ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105977556ns10:SmallEntities2023-11-012024-10-3105977556ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3105977556ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105977556ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105977556ns10:FullAccounts2023-11-012024-10-3105977556ns10:OrdinaryShareClass12023-11-012024-10-3105977556ns10:Director22023-11-012024-10-3105977556ns10:CompanySecretary12023-11-012024-10-3105977556ns10:RegisteredOffice2023-11-012024-10-3105977556ns5:CurrentFinancialInstruments2024-10-3105977556ns5:CurrentFinancialInstruments2023-10-3105977556ns5:Non-currentFinancialInstruments2024-10-3105977556ns5:Non-currentFinancialInstruments2023-10-3105977556ns5:ShareCapital2024-10-3105977556ns5:ShareCapital2023-10-3105977556ns5:RetainedEarningsAccumulatedLosses2024-10-3105977556ns5:RetainedEarningsAccumulatedLosses2023-10-3105977556ns5:LeaseholdImprovements2023-11-012024-10-3105977556ns5:PlantMachinery2023-11-012024-10-3105977556ns5:FurnitureFittings2023-11-012024-10-3105977556ns5:MotorVehicles2023-11-012024-10-3105977556ns5:LeaseholdImprovements2023-10-3105977556ns5:PlantMachinery2023-10-3105977556ns5:FurnitureFittings2023-10-3105977556ns5:MotorVehicles2023-10-3105977556ns5:LeaseholdImprovements2024-10-3105977556ns5:PlantMachinery2024-10-3105977556ns5:FurnitureFittings2024-10-3105977556ns5:MotorVehicles2024-10-3105977556ns5:LeaseholdImprovements2023-10-3105977556ns5:PlantMachinery2023-10-3105977556ns5:FurnitureFittings2023-10-3105977556ns5:MotorVehicles2023-10-3105977556ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3105977556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3105977556ns5:LeasedAssetsHeldAsLessee2023-10-3105977556ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3105977556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3105977556ns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3105977556ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3105977556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-10-3105977556ns5:LeasedAssetsHeldAsLessee2024-10-3105977556ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3105977556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3105977556ns5:LeasedAssetsHeldAsLessee2023-10-3105977556ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105977556ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3105977556ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-10-3105977556ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-10-3105977556ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-10-3105977556ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-10-3105977556ns5:HirePurchaseContracts2024-10-3105977556ns5:HirePurchaseContracts2023-10-3105977556ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 05977556 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Bearings Scaffold Services Limited

Bearings Scaffold Services Limited (Registered number: 05977556)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Bearings Scaffold Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: L Burgoyne
Mrs F Dennison





SECRETARY: Mrs F Dennison





REGISTERED OFFICE: 7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP





REGISTERED NUMBER: 05977556 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Bearings Scaffold Services Limited (Registered number: 05977556)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,255 199,602

CURRENT ASSETS
Debtors 5 188,452 119,877
Cash at bank 15,170 55,129
203,622 175,006
CREDITORS
Amounts falling due within one year 6 184,178 126,911
NET CURRENT ASSETS 19,444 48,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,699

247,697

CREDITORS
Amounts falling due after more than one
year

7

105,614

82,177
NET ASSETS 154,085 165,520

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 153,985 165,420
SHAREHOLDERS' FUNDS 154,085 165,520

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

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

The directors acknowledge their 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.

Bearings Scaffold Services Limited (Registered number: 05977556)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





L Burgoyne - Director


Bearings Scaffold Services Limited (Registered number: 05977556)

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

1. STATUTORY INFORMATION

Bearings Scaffold Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bearings Scaffold Services Limited (Registered number: 05977556)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 20,130 314,864 10,362 169,252 514,608
Additions - 11,581 7,222 97,788 116,591
At 31 October 2024 20,130 326,445 17,584 267,040 631,199
DEPRECIATION
At 1 November 2023 10,064 223,748 10,025 71,169 315,006
Charge for year 1,007 25,674 287 48,970 75,938
At 31 October 2024 11,071 249,422 10,312 120,139 390,944
NET BOOK VALUE
At 31 October 2024 9,059 77,023 7,272 146,901 240,255
At 31 October 2023 10,066 91,116 337 98,083 199,602

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 15,000 93,752 108,752
Additions - 97,788 97,788
At 31 October 2024 15,000 191,540 206,540
DEPRECIATION
At 1 November 2023 3,750 16,654 20,404
Charge for year 2,813 34,394 37,207
At 31 October 2024 6,563 51,048 57,611
NET BOOK VALUE
At 31 October 2024 8,437 140,492 148,929
At 31 October 2023 11,250 77,098 88,348

Bearings Scaffold Services Limited (Registered number: 05977556)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 162,951 103,595
Other debtors 25,501 16,282
188,452 119,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 14,774 18,108
Hire purchase contracts (see note 8) 48,234 21,103
Trade creditors 55,582 27,435
Taxation and social security 21,067 29,914
Other creditors 44,521 30,351
184,178 126,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 6,411 20,844
Hire purchase contracts (see note 8) 99,203 61,333
105,614 82,177

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.24 31.10.23
£    £   
Net obligations repayable:
Within one year 48,234 21,103
Between one and five years 99,203 61,333
147,437 82,436

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary shares £1 100 100

10. RELATED PARTY DISCLOSURES

Included in the other creditors is an amount of £23,796 (2023 - £22,398) due to the director. The loan is unsecured, interest free with no fixed repayment date.

Bearings Scaffold Services Limited (Registered number: 05977556)

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

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Burgoyne family by virtue of their shareholdings.

12. CHARGES

HSBC bank Plc holds charges against the company assets for debenture to company.

Bearings Scaffold Services Limited

Report of the Accountants to the Directors of
Bearings Scaffold Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP


17 July 2025