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REGISTERED NUMBER: 05296263 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Structural Plant Services Limited

Structural Plant Services Limited (Registered number: 05296263)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Structural Plant Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: H L Mowat
W G Swordy





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: 05296263 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Structural Plant Services Limited (Registered number: 05296263)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 351,050 364,169

CURRENT ASSETS
Debtors 5 232,222 136,168
Cash at bank and in hand 90,633 64,844
322,855 201,012
CREDITORS
Amounts falling due within one year 6 273,506 159,352
NET CURRENT ASSETS 49,349 41,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,399

405,829

CREDITORS
Amounts falling due after more than one year 7 (33,477 ) (70,113 )

PROVISIONS FOR LIABILITIES (72,762 ) (57,378 )
NET ASSETS 294,160 278,338

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 9 195,578 195,578
Retained earnings 98,580 82,758
294,160 278,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Structural Plant Services Limited (Registered number: 05296263)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





W G Swordy - Director


Structural Plant Services Limited (Registered number: 05296263)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Structural Plant Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is represented by net invoiced rental of scaffolding and the costs relating to the erection of said scaffold. The revenue is recognised upon the rental agreement when the obligation to pay becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Structural Plant Services Limited (Registered number: 05296263)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 449,982 12,074 132,406 594,462
Additions 8,778 2,172 25,445 36,395
Disposals - - (4,390 ) (4,390 )
At 31 December 2024 458,760 14,246 153,461 626,467
DEPRECIATION
At 1 January 2024 155,724 3,958 70,611 230,293
Charge for year 30,304 2,280 16,341 48,925
Eliminated on disposal - - (3,801 ) (3,801 )
At 31 December 2024 186,028 6,238 83,151 275,417
NET BOOK VALUE
At 31 December 2024 272,732 8,008 70,310 351,050
At 31 December 2023 294,258 8,116 61,795 364,169

Structural Plant Services Limited (Registered number: 05296263)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 24,995
At 31 December 2024 24,995
DEPRECIATION
Charge for year 4,999
At 31 December 2024 4,999
NET BOOK VALUE
At 31 December 2024 19,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 87,381 93,180
Other debtors 144,841 42,988
232,222 136,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 20,010 43,142
Hire purchase contracts (see note 8) 36,453 46,299
Trade creditors 14,139 18,786
Taxation and social security 23,215 14,320
Other creditors 179,689 36,805
273,506 159,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 20,010
Hire purchase contracts (see note 8) 33,477 50,103
33,477 70,113

Structural Plant Services Limited (Registered number: 05296263)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 36,453 46,299
Between one and five years 33,477 50,103
69,930 96,402

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 32,400 -
Between one and five years 10,500 -
42,900 -

9. RESERVES
Non-distributable
reserve
£   
At 1 January 2024
and 31 December 2024 195,578