Company registration number 08183509 (England and Wales)
TOTAL ACCESS SCAFFOLDING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
TOTAL ACCESS SCAFFOLDING LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
226,459
234,620
Current assets
Stocks
7,200
22,284
Debtors
4
20,761
54,072
27,961
76,356
Creditors: amounts falling due within one year
5
(246,297)
(219,982)
Net current liabilities
(218,336)
(143,626)
Total assets less current liabilities
8,123
90,994
Creditors: amounts falling due after more than one year
6
(74,220)
(82,570)
Provisions for liabilities
(321)
(18,348)
Net liabilities
(66,418)
(9,924)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(66,419)
(9,925)
Total equity
(66,418)
(9,924)
TOTAL ACCESS SCAFFOLDING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 2 -
For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 August 2025 and are signed on its behalf by:
Mrs L V Smith
Director
Company registration number 08183509 (England and Wales)
TOTAL ACCESS SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
Total Access Scaffolding Limited is a private company limited by shares incorporated in England and Wales. The registered office is Great Tey Business Centre, Brook Road, Great Tey, Colchester, Essex, C06 1JG.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The directors are aware that the financial statements indicate negative reserves. They are the principal creditor and have indicated a willingness to forego repayment until all other liabilities have been met, and because of this they have a reasonable expectation that the company will continue in operational existence for the foreseeable future. On this basis the financial statements are prepared on the going concern basis.
1.3
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% Reducing Balance
Scaffolding Equipment
5% Reducing Balance (formerly 10%)
Office Equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
TOTAL ACCESS SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
TOTAL ACCESS SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
3
Tangible fixed assets
Plant and equipment
Scaffolding Equipment
Office Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2023
13,917
360,056
19,758
67,725
461,456
Additions
14,750
14,750
Disposals
(4,341)
(50,475)
(54,816)
At 31 August 2024
13,917
360,056
15,417
32,000
421,390
Depreciation and impairment
At 1 September 2023
10,446
142,524
15,733
58,133
226,836
Depreciation charged in the year
693
10,882
628
5,052
17,255
Eliminated in respect of disposals
(2,820)
(46,340)
(49,160)
At 31 August 2024
11,139
153,406
13,541
16,845
194,931
Carrying amount
At 31 August 2024
2,778
206,650
1,876
15,155
226,459
At 31 August 2023
3,471
217,532
4,025
9,592
234,620
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,994
25,626
Other debtors
7,767
28,446
20,761
54,072
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
68,213
78,601
Trade creditors
9,405
14,116
Taxation and social security
1,457
44,432
Other creditors
167,222
82,833
246,297
219,982
TOTAL ACCESS SCAFFOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
67,794
82,570
Other creditors
6,426
74,220
82,570
7
Related party transactions
At the reporting date there was a balance payable to Total Safety Netting Limited, a company under common control, of £33,454 (2023 £29,369), this amount is shown within other creditors and is considered payable on demand.