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Registration number: 10135142

Harrington Scaffolding Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Harrington Scaffolding Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Harrington Scaffolding Limited

Company Information

Directors

Mr L M P Foster

Mrs D Foster

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Harrington Scaffolding Limited

(Registration number: 10135142)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

896,318

372,706

Current assets

 

Debtors

5

377,584

820,823

Cash at bank and in hand

 

144,633

151,998

 

522,217

972,821

Creditors: Amounts falling due within one year

6

(216,079)

(240,326)

Net current assets

 

306,138

732,495

Total assets less current liabilities

 

1,202,456

1,105,201

Creditors: Amounts falling due after more than one year

6

(145,247)

(100,473)

Provisions for liabilities

(224,079)

(93,176)

Net assets

 

833,130

911,552

Capital and reserves

 

Called up share capital

102

102

Retained earnings

833,028

911,450

Shareholders' funds

 

833,130

911,552

For the financial year ending 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Harrington Scaffolding Limited

(Registration number: 10135142)
Balance Sheet as at 31 March 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

.........................................
Mr L M P Foster
Director

 

Harrington Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Harrington Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets less any estimated residual value, other than land and properties under construction, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Plant & machinery - scaffolding

5% straight line

Plant & machinery - tools

20% reducing balance

Motor vehicles

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Harrington Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Harrington Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 27 (2024 - 24).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

3,770

525,076

120,620

649,466

Additions

2,907

95,354

634,044

732,305

Disposals

-

(50,662)

(48,515)

(99,177)

At 31 March 2025

6,677

569,768

706,149

1,282,594

Depreciation

At 1 April 2024

754

269,518

6,488

276,760

Charge for the year

1,185

93,819

37,742

132,746

Eliminated on disposal

-

(20,602)

(2,628)

(23,230)

At 31 March 2025

1,939

342,735

41,602

386,276

Carrying amount

At 31 March 2025

4,738

227,033

664,547

896,318

At 31 March 2024

3,016

255,558

114,132

372,706

 

Harrington Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

Note

2025
£

2024
£

Trade debtors

 

314,206

272,961

Amounts owed by group undertakings and undertakings in which the company has a participating interest

27,121

500,268

Other debtors

 

28,990

36,797

Prepayments and accrued income

 

7,267

10,797

Total current trade and other debtors

 

377,584

820,823

6

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

88,234

89,381

Trade creditors

 

23,452

10,306

Taxation and social security

 

76,040

113,727

Other creditors

 

25,765

23,126

Accrued expenses

 

2,588

3,786

 

216,079

240,326


Creditors include net obligations under finance lease and hire purchase contracts which are secured of £76,984 (2024 - £44,381).

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

145,247

100,473

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £145,247 (2024 - £89,223).

 

Harrington Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

11,250

45,000

Hire purchase contracts

76,984

44,381

88,234

89,381

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

11,250

Hire purchase contracts

145,247

89,223

145,247

100,473

8

Parent and ultimate parent undertaking

The company's immediate parent is Harrington Scaffolding (Holding) Limited, incorporated in England.