Registered number
10088878
Peak Scaffold Limited
Filleted Accounts
31 March 2025
Peak Scaffold Limited
Registered number: 10088878
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 232,357 187,399
Current assets
Debtors 4 92,101 78,593
Cash at bank and in hand 39,117 60,834
131,218 139,427
Creditors: amounts falling due within one year 5 (72,981) (61,530)
Net current assets 58,237 77,897
Total assets less current liabilities 290,594 265,296
Creditors: amounts falling due after more than one year 6 (84,173) (88,948)
Provisions for liabilities (58,089) (46,850)
Net assets 148,332 129,498
Capital and reserves
Called up share capital 4 4
Profit and loss account 148,328 129,494
Shareholders' funds 148,332 129,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Daniel Paul Briggs
Director
Approved by the board on 22 August 2025
Peak Scaffold Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Scaffold 20% reducing balance
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Office equipment 3 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Government grants
Government grants are recognised at the fair value of the consideration received when there is reasonable assurance that the grant will be received and that the conditions attached to the grant will be met. A grant that stipulates performance criteria is recognised in income only when these have been met. If no performance criteria are attached to the grant it is recognised in income when the proceeds have been received. A grant received before the recognition criteria have been met is accounted for as a liabilty.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 10
3 Tangible fixed assets
Scaffold Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 242,966 22,307 99,520 364,793
Additions 33,282 789 89,755 123,826
Disposals - - (46,220) (46,220)
At 31 March 2025 276,248 23,096 143,055 442,399
Depreciation
At 1 April 2024 111,899 12,235 53,260 177,394
Charge for the year 32,870 2,571 21,824 57,265
On disposals - - (24,617) (24,617)
At 31 March 2025 144,769 14,806 50,467 210,042
Net book value
At 31 March 2025 131,479 8,290 92,588 232,357
At 31 March 2024 131,067 10,072 46,260 187,399
4 Debtors 2025 2024
£ £
Trade debtors 53,192 19,959
Other debtors 38,909 58,634
92,101 78,593
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 21,306 20,228
Obligations under finance lease and hire purchase contracts 11,270 7,433
Trade creditors 739 -
Taxation and social security costs 37,618 32,364
Other creditors 2,048 1,505
72,981 61,530
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 69,162 86,471
Obligations under finance lease and hire purchase contracts 15,011 2,477
84,173 88,948
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 14,400 14,400
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Daniel Paul Briggs
Interest fee and unsecured 28,832 18,955 (28,832) 18,955
Mrs Claire Louise Briggs
Interest fee and unsecured 28,832 18,955 (28,832) 18,955
57,664 37,910 (57,664) 37,910
9 Other information
Peak Scaffold Limited is a private company limited by shares and incorporated in England. Its registered office is:
Meadow Side
Bournemouth Road
Blandford St Mary
Dorset
DT11 9LP
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