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Registration number: 02878329

R.S. Scaffolding Erection Services Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

R.S. Scaffolding Erection Services Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

R.S. Scaffolding Erection Services Ltd

Company Information

Directors | Mr W L Osborne Mr J P Osborne Mr C Ellam

Company secretary | Mrs D A Lowndes

Registered office | Unit 35 Clwyd Close Hawarden Cheshire CH5 3PZ

Accountants | Aston Hughes & Co Chartered Accountants Selby Towers 29 Princes Drive Colwyn Bay LL29 8PE

R.S. Scaffolding Erection Services Ltd

(Registration number: 02878329)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 1,174,998 | 954,420
Current assets |  |  |
Debtors | 6 | 1,588,621 | 1,002,380
Cash at bank and in hand |  | 800,844 | 1,257,641
|  | 2,389,465 | 2,260,021
Creditors: Amounts falling due within one year | 7 | (857,794) | (655,482)
Net current assets |  | 1,531,671 | 1,604,539
Total assets less current liabilities |  | 2,706,669 | 2,558,959
Creditors: Amounts falling due after more than one year | 7 | (64,653) | (163,434)
Provisions for liabilities |  | (172,812) | (218,103)
Net assets |  | 2,469,204 | 2,177,422
Capital and reserves |  |  |
Called up share capital | 9 | 200 | 200
Retained earnings |  | 2,469,004 | 2,177,222
Shareholders' funds |  | 2,469,204 | 2,177,422

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 August 2025 and signed on its behalf by:

R.S. Scaffolding Erection Services Ltd

(Registration number: 02878329)
Balance Sheet as at 31 December 2024

......................................... Mr W L Osborne Director
......................................... Mr J P Osborne Director

R.S. Scaffolding Erection Services Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 35 Clwyd Close
Hawarden
Cheshire
CH5 3PZ

These financial statements were authorised for issue by the Board on 22 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

R.S. Scaffolding Erection Services Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land & buildings | 10% straight line
Plant & machinery | 15% reducing balance
Motor vehicles | 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

R.S. Scaffolding Erection Services Ltd

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 65 (2023 - 76).

R.S. Scaffolding Erection Services Ltd

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

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 42,371 | - | 641,398 | 815,045 | 1,498,814
Additions | 261,087 | 9,692 | 399,701 | 31,110 | 701,590
Disposals | - | - | (43,356) | (488,256) | (531,612)
At 31 December 2024 | 303,458 | 9,692 | 997,743 | 357,899 | 1,668,792
Depreciation
At 1 January 2024 | 4,509 | - | 242,968 | 296,917 | 544,394
Charge for the year | 4,237 | 1,454 | 167,164 | 82,870 | 255,725
Eliminated on disposal | - | - | (30,783) | (275,542) | (306,325)
At 31 December 2024 | 8,746 | 1,454 | 379,349 | 104,245 | 493,794
Carrying amount
At 31 December 2024 | 294,712 | 8,238 | 618,394 | 253,654 | 1,174,998
At 31 December 2023 | 37,862 | - | 398,430 | 518,128 | 954,420

Included within the net book value of land and buildings above is £265,462 (2023 - £5,000) in respect of freehold land and buildings and £29,250 (2023 - £32,862) in respect of short leasehold land and buildings.

R.S. Scaffolding Erection Services Ltd

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

5 | Stocks

| 2024 £ | 2023 £

6 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 1,031,881 | 854,306
Amounts owed by related parties | 12 | 502,000 | 104,000
Prepayments |  | 39,790 | 30,841
Other debtors |  | 14,950 | 13,233
|  | 1,588,621 | 1,002,380

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 10 | 134,804 | 169,500
Trade creditors |  | 123,604 | 112,423
Taxation and social security |  | 394,359 | 221,443
Accruals and deferred income |  | 48,833 | 47,388
Other creditors |  | 156,194 | 104,728
|  | 857,794 | 655,482

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 10 | 64,653 | 163,434

8 Provisions for liabilities

Provisions for liabilites relate to the provision for deferred tax calculated at the balance sheet date.

9 | Share capital

Allotted, called up and fully paid shares

R.S. Scaffolding Erection Services Ltd

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

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100
Ordinary A of £1 each | 20 | 20 | 20 | 20
Ordinary B of £1 each | 40 | 40 | 40 | 40
Ordinary C of £1 each | 40 | 40 | 40 | 40
| 200 | 200 | 200 | 200

R.S. Scaffolding Erection Services Ltd

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

10 | Loans and borrowings

| 2024 £ | 2023 £
Non-current loans and borrowings
Hire purchase contracts | 64,653 | 84,657
Other borrowings | - | 78,777
| 64,653 | 163,434

| 2024 £ | 2023 £
Current loans and borrowings
Hire purchase contracts | 56,028 | 39,367
Other borrowings | 78,776 | 130,133
| 134,804 | 169,500

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £448,074 (2023 - £523,858). These financial commitments relate to future operating lease commitments (2024: £14,741 2023: £40,525), and commtiments due under a lease agreement for premises (2024: £433,333 2023: £483,333).

Amounts disclosed in the balance sheet

Included in the balance sheet are pension commitments of £11,436 (2023 - £11,708).

R.S. Scaffolding Erection Services Ltd

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

12 | Related party transactions

Summary of transactions with entities with joint control or significant interest

A company in which two of the director's are key management personel.
The company rented premises from the related party during the period.
The cost of these services during the period was £50,000 (2023: £40,000).
The company was also billed for inspections and scoping work during the period, the cost of these services was £52,400 (2023: £nil).
At the balance sheet date the company owed the related party £28,848 (2023: £12,000).

Summary of transactions with other related parties

A company which is jointly controlled by two of the director's.
The company is charged for maintenance and servicing of vehicles carried out by the related party. During the period the cost of these services was £191,419 (2023: £15,751). The company also purchased vehicles at a cost of £121,633 from the related party during the period.
The company has also provided the related party with a loan. At the balance sheet date the company was owed £501,748 (2023: £97,887) by the related party.