REGISTERED NUMBER: 08854668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SHIRE SCAFFOLDING MIDLANDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Deas

S Deas

Mrs K Deas

Mrs L Deas

T Davenport

REGISTERED OFFICE:

New House Farm

Banbury Road

Warwick

CV34 6SU

REGISTERED NUMBER:

08854668 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

1,476,936

1,591,673

CURRENT ASSETS

Debtors

5

45,686

426,124

Cash at bank

82,112

357,189

127,798

783,313

CREDITORS

Amounts falling due within one year

6

223,831

840,954

NET CURRENT LIABILITIES

(96,033

)

(57,641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,380,903

1,534,032

CREDITORS

Amounts falling due after more than one year

7

(304,274

)

(177,058

)

PROVISIONS FOR LIABILITIES

(168,848

)

(378,776

)

NET ASSETS

907,781

978,198

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

344,254

860,634

Retained earnings

562,527

116,564

907,781

978,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

M Deas - Director

1.	STATUTORY INFORMATION

Shire Scaffolding Midlands 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services:

When the outcome of a transaction can be estimated reliably, turnover from the hiring out of scaffolding equipment is recognised by reference to completion at the balance sheet date. Stage of completion is measured by reference to the date stated on the hiring contracts between the customer and the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

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 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

1,974,780

305,259

3,020

2,283,059

Additions

4,419

305,225

370

310,014

At 31 January 2025

1,979,199

610,484

3,390

2,593,073

DEPRECIATION

At 1 February 2024

493,384

195,025

2,977

691,386

Charge for year

297,163

127,423

165

424,751

At 31 January 2025

790,547

322,448

3,142

1,116,137

NET BOOK VALUE

At 31 January 2025

1,188,652

288,036

248

1,476,936

At 31 January 2024

1,481,396

110,234

43

1,591,673

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27,026

50,730

Amounts owed by participating interests

-

315,308

Tax

11,966

-

VAT

6,694

336

Prepayments and accrued income

-

59,750

45,686

426,124

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

83,731

47,298

Hire purchase contracts

98,679

91,244

Trade creditors

15,624

3,703

Amounts owed to participating interests

-

422,750

Corporation tax

-

63,390

Social security and other taxes

9,523

12,306

Other creditors

154

154

Directors' current accounts

11,556

-

Accrued expenses

4,564

200,109

223,831

840,954

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

20,651

29,742

Bank loans - 2-5 years

1,838

17,966

Hire purchase contracts

281,785

129,350

304,274

177,058

8.

RESERVES

Revaluation

reserve

£

At 1 February 2024

860,634

Transfer of distributable rese rves

(516,380

)

At 31 January 2025

344,254