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COMPANY REGISTRATION NUMBER: 08475491
Aluminium Scaffold Towers Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2025
Aluminium Scaffold Towers Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
12,817
25,634
Tangible assets
6
11,103
2,349
--------
--------
23,920
27,983
Current assets
Stocks
201,177
188,481
Debtors
7
16,370
13,211
Cash at bank and in hand
5,190
6,483
---------
---------
222,737
208,175
Creditors: amounts falling due within one year
8
251,027
225,071
---------
---------
Net current liabilities
28,290
16,896
--------
--------
Total assets less current liabilities
( 4,370)
11,087
Creditors: amounts falling due after more than one year
9
1,773
12,235
Provisions
Deferred taxation
727
-------
--------
Net liabilities
( 6,143)
( 1,875)
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 6,243)
( 1,975)
-------
-------
Shareholders deficit
( 6,143)
( 1,875)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Aluminium Scaffold Towers Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
C T C Choy
Director
Company registration number: 08475491
Aluminium Scaffold Towers Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit B, Three Pillars Business Park, Station Road, Sutton, Ely, Cambridgeshire, CB6 2RU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which assumes the continued support of the director and companies under common control. The director is confident the company will trade profitably in future and be able to meet its ongoing liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Website development costs
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Equipment
-
20% straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of a tangible asset, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution pension plans
The company makes contributions to the personal pension schemes for the employees. The pension cost represents contributions payable in the year.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).
5. Intangible assets
Website
£
Cost
At 1 April 2024 and 31 March 2025
64,085
--------
Amortisation
At 1 April 2024
38,451
Charge for the year
12,817
--------
At 31 March 2025
51,268
--------
Carrying amount
At 31 March 2025
12,817
--------
At 31 March 2024
25,634
--------
6. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 April 2024
9,426
3,549
12,975
Additions
9,500
830
10,330
Disposals
( 3,995)
( 367)
( 4,362)
--------
-------
--------
At 31 March 2025
14,931
4,012
18,943
--------
-------
--------
Depreciation
At 1 April 2024
8,005
2,621
10,626
Charge for the year
1,207
344
1,551
Disposals
( 3,995)
( 342)
( 4,337)
--------
-------
--------
At 31 March 2025
5,217
2,623
7,840
--------
-------
--------
Carrying amount
At 31 March 2025
9,714
1,389
11,103
--------
-------
--------
At 31 March 2024
1,421
928
2,349
--------
-------
--------
7. Debtors
2025
2024
£
£
Trade debtors
2,225
7,950
Other debtors
14,145
5,261
--------
--------
16,370
13,211
--------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,464
10,204
Trade creditors
3,664
5,140
Social security and other taxes
9,075
1,606
Other creditors
227,824
208,121
---------
---------
251,027
225,071
---------
---------
The bank loan of £10,464 (2024: £10,204) included above was obtained under the government Bounce Back Loan scheme.
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,773
12,235
-------
--------
The bank loan of £1,773 (2024: £12,235) included above was obtained under the government Bounce Back Loan scheme.
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
727
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
5,980
6,995
Unused tax losses
( 5,980)
( 6,268)
-------
-------
727
-------
-------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
29,388
29,169
Later than 1 year and not later than 5 years
65,097
94,484
--------
---------
94,485
123,653
--------
---------
12. Related party transactions
Included within other creditors is a loan due to Loyal Scaffolding Limited, a company owned and controlled by Mr C T C Choy , amounting to £149,474 (2024 £131,282). This loan is unsecured, interest free and repayable on demand.