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Registered number: 07712095
Able 1 Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07712095
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 328,786 394,760
328,786 394,760
CURRENT ASSETS
Stocks 5 77,870 117,500
Debtors 6 143,519 174,538
Cash at bank and in hand 1,321 6,089
222,710 298,127
Creditors: Amounts Falling Due Within One Year 7 (399,684 ) (454,079 )
NET CURRENT ASSETS (LIABILITIES) (176,974 ) (155,952 )
TOTAL ASSETS LESS CURRENT LIABILITIES 151,812 238,808
Creditors: Amounts Falling Due After More Than One Year 8 (97,267 ) (183,005 )
NET ASSETS 54,545 55,803
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 54,544 55,802
SHAREHOLDERS' FUNDS 54,545 55,803
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 James Thomas Kearns
Director
21/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Able 1 Scaffolding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07712095 . The registered office is 52b Fountayne Road, London, N16 7DT.
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 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 27 July 2023 856,752 204,927 429 4,167 1,066,275
Additions - - 1,144 - 1,144
As at 31 July 2024 856,752 204,927 1,573 4,167 1,067,419
Depreciation
As at 27 July 2023 538,168 130,178 347 2,822 671,515
Provided during the period 47,788 18,687 307 336 67,118
As at 31 July 2024 585,956 148,865 654 3,158 738,633
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 270,796 56,062 919 1,009 328,786
As at 27 July 2023 318,584 74,749 82 1,345 394,760
5. Stocks
2024 2023
£ £
Stock 77,870 117,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,233 95,741
Other debtors 96,286 78,797
143,519 174,538
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64,541 157,195
VAT 29,911 29,911
Other creditors 304,232 265,973
Accruals and deferred income 1,000 1,000
399,684 454,079
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 97,267 183,005
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4