REGISTERED NUMBER: 03138479 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Crossway Scaffolding (Elland) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,705,124

3,558,908

3,705,124

3,558,908

CURRENT ASSETS

Debtors

6

989,954

1,377,538

Cash at bank and in hand

365,471

958,117

1,355,425

2,335,655

CREDITORS

Amounts falling due within one year

7

676,946

1,607,544

NET CURRENT ASSETS

678,479

728,111

TOTAL ASSETS LESS CURRENT LIABILITIES

4,383,603

4,287,019

CREDITORS

Amounts falling due after more than one year

8

(64,552

)

(159,336

)

PROVISIONS FOR LIABILITIES

(735,000

)

(670,000

)

NET ASSETS

3,584,051

3,457,683

CAPITAL AND RESERVES

Called up share capital

11

754

754

Share premium

324

324

Capital redemption reserve

251

251

Retained earnings

3,582,722

3,456,354

SHAREHOLDERS' FUNDS

3,584,051

3,457,683

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

S Fearnehough - Director

1.	STATUTORY INFORMATION

Crossway Scaffolding (Elland) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03138479

Registered office:

Pennine View

Dewsbury Road

Elland

West Yorkshire

HX5 9JU

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Intangible assets

Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Improvement to property

- 30 years straight line

Plant & machinery

- 15 years straight line

Motor vehicles

- 25% or 20% straight line

Fixtures & fittings

- 15% straight line

Computer equipment

- 33% straight line

Tools & equipment

- 25% straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Taxation

Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an Annual General Meeting.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2024 - 75 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

26,443

AMORTISATION

At 1 April 2024

and 31 March 2025

26,443

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

7,682,991

Additions

956,279

Disposals

(2,186,167

)

At 31 March 2025

6,453,103

DEPRECIATION

At 1 April 2024

4,124,083

Charge for year

471,382

Eliminated on disposal

(1,847,486

)

At 31 March 2025

2,747,979

NET BOOK VALUE

At 31 March 2025

3,705,124

At 31 March 2024

3,558,908

The net book value of tangible fixed assets includes £ 219,677 (2024 - £ 590,680 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

856,923

1,209,689

Other debtors

133,031

167,849

989,954

1,377,538

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

22,565

217,378

Trade creditors

88,052

700,204

Taxation and social security

324,973

212,843

Other creditors

241,356

477,119

676,946

1,607,544

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

64,552

159,336

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

22,565

217,378

Between one and five years

64,552

159,336

87,117

376,714

Non-cancellable

operating leases

2025

2024

£

£

Within one year

38,127

47,760

Between one and five years

8,441

46,538

46,568

94,298

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

87,117

376,714

The company has a bank overdraft facility which is secured by a debenture dated 27 July 2005.

Amounts owed under hire purchase contracts included within current and non-current creditors are secured upon the assets to which the contracts relate.

11.	CALLED UP SHARE CAPITAL

2025

2024

£

£

Allotted, issued and fully paid

754

754