Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 09433402 Mr L Chandler Mr L Chandler true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09433402 2024-02-29 09433402 2025-02-28 09433402 2024-03-01 2025-02-28 09433402 frs-core:CurrentFinancialInstruments 2025-02-28 09433402 frs-core:Non-currentFinancialInstruments 2025-02-28 09433402 frs-core:BetweenOneFiveYears 2025-02-28 09433402 frs-core:FurnitureFittings 2025-02-28 09433402 frs-core:FurnitureFittings 2024-03-01 2025-02-28 09433402 frs-core:FurnitureFittings 2024-02-29 09433402 frs-core:MotorVehicles 2025-02-28 09433402 frs-core:MotorVehicles 2024-03-01 2025-02-28 09433402 frs-core:MotorVehicles 2024-02-29 09433402 frs-core:PlantMachinery 2025-02-28 09433402 frs-core:PlantMachinery 2024-03-01 2025-02-28 09433402 frs-core:PlantMachinery 2024-02-29 09433402 frs-core:WithinOneYear 2025-02-28 09433402 frs-core:ShareCapital 2025-02-28 09433402 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09433402 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09433402 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 09433402 frs-bus:SmallEntities 2024-03-01 2025-02-28 09433402 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09433402 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09433402 1 2024-03-01 2025-02-28 09433402 frs-bus:Director1 2024-03-01 2025-02-28 09433402 frs-countries:EnglandWales 2024-03-01 2025-02-28 09433402 2023-02-28 09433402 2024-02-29 09433402 2023-03-01 2024-02-29 09433402 frs-core:CurrentFinancialInstruments 2024-02-29 09433402 frs-core:Non-currentFinancialInstruments 2024-02-29 09433402 frs-core:BetweenOneFiveYears 2024-02-29 09433402 frs-core:WithinOneYear 2024-02-29 09433402 frs-core:ShareCapital 2024-02-29 09433402 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 09433402
Penarth Scaffolding Company Ltd
Financial Statements
For The Year Ended 28 February 2025
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Penarth Scaffolding Company Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Penarth Scaffolding Company Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 09433402

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 365,372 |  | 226,437
|  |  | 365,372 |  | 226,437
CURRENT ASSETS
Stocks | 5 | - |  | 75,033 |
Debtors | 6 | 267,461 |  | 275,536 |
Cash at bank and in hand |  | 41,986 |  | 47,334 |
|  | 309,447 |  | 397,903 |
Creditors: Amounts Falling Due Within One Year | 7 | (294,490 ) |  | (1,272 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 14,957 |  | 396,631
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 380,329 |  | 623,068
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (172,730 ) |  | (256,750 )
NET ASSETS |  |  | 207,599 |  | 366,318
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 207,499 |  | 366,218
SHAREHOLDERS' FUNDS |  |  | 207,599 |  | 366,318

For the year ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr L Chandler Director
4 September 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Penarth Scaffolding Company Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Penarth Scaffolding Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09433402 . The registered office is 47 Arcot Street, Penarth, South Glamorgan, WALES, CF64 1EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | over 5 years
Motor Vehicles | over 5 years
Fixtures & Fittings | over 5 years

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 3)
6 3
Page 2
Page 3
Penarth Scaffolding Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 March 2024 | 264,479 | 217,918 | - | 482,397
Additions | 165,990 | 155,927 | 5,300 | 327,217
Disposals | - | (33,300 ) | - | (33,300 )
As at 28 February 2025 | 430,469 | 340,545 | 5,300 | 776,314
Depreciation
As at 1 March 2024 | 130,682 | 125,278 | - | 255,960
Provided during the period | 142,119 | 45,103 | 1,060 | 188,282
Disposals | - | (33,300 ) | - | (33,300 )
As at 28 February 2025 | 272,801 | 137,081 | 1,060 | 410,942
Net Book Value
As at 28 February 2025 | 157,668 | 203,464 | 4,240 | 365,372
As at 1 March 2024 | 133,797 | 92,640 | - | 226,437

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | - |  | 75,033

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 223,031 |  | 275,536
Other debtors | 44,430 |  | -
| 267,461 |  | 275,536

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 103,675 |  | -
Trade creditors | 71,435 |  | 10,382
Bank loans and overdrafts | 40,000 |  | 2,196
Other creditors | 53,353 |  | (24,560)
Taxation and social security | 26,027 |  | 13,254
| 294,490 |  | 1,272

Page 3
Page 4
Penarth Scaffolding Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 159,397 |  | 163,258
Bank loans | 13,333 |  | 93,492
| 172,730 |  | 256,750

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 103,675 |  | -
Later than one year and not later than five years | 159,397 |  | 163,258
| 263,072 |  | 163,258
| 263,072 |  | 163,258

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Related Party Transactions
Included within other creditors is the amount of £1,128 owed to the director. This amount is undated, unsecured, interest free and repayable upon demand
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr L Chandler by virtue of his ownership of 100% of the issued share capital in the company.
Page 4