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Registered number: 08845730
Tagit Scaffold Inspections UK Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Mountsides Limited
2 Mountside
Stanmore
Middlesex
HA7 2DT
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08845730
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,088 55,710
38,088 55,710
CURRENT ASSETS
Debtors 9,545 26,852
Cash at bank and in hand 63,441 51,321
72,986 78,173
Creditors: Amounts Falling Due Within One Year (18,351 ) (27,394 )
NET CURRENT ASSETS (LIABILITIES) 54,635 50,779
TOTAL ASSETS LESS CURRENT LIABILITIES 92,723 106,489
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,237 ) (10,585 )
NET ASSETS 85,486 95,904
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 85,386 95,804
SHAREHOLDERS' FUNDS 85,486 95,904
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For the 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.
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kevin Clarke
Director
21 August 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Tagit Scaffold Inspections UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08845730 . The registered office is 30 Farne Lane, Birdham, Chichester, West Sussex, PO20 7EX.
The presentation currency of the financial statements is the Pound Sterling (£)
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 represents the invoiced sales of services, excluding value added tax.
Turnover has also been recognised in respect of on-going services, with the value of work completed but unbilled
at the balance sheet date being taken to turnover and the associated costs, where not invoiced at the date, being
accrued for.
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 33% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
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 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 April 2024 75,796
Additions 1,236
Disposals (1,922 )
As at 31 March 2025 75,110
Depreciation
As at 1 April 2024 20,086
Provided during the period 18,858
Disposals (1,922 )
As at 31 March 2025 37,022
Net Book Value
As at 31 March 2025 38,088
As at 1 April 2024 55,710
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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