REGISTERED NUMBER: 12058958 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ARCHIS SCAFFOLDING SOLUTIONS LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

3,236

Property, plant and equipment

5

2,693,261

3,171,049

Investments

6

200

200

2,693,461

3,174,485

CURRENT ASSETS

Inventories

282,900

239,356

Debtors

7

2,752,847

1,298,188

Cash at bank

10,173

498,143

3,045,920

2,035,687

CREDITORS

Amounts falling due within one year

8

2,975,722

2,000,694

NET CURRENT ASSETS

70,198

34,993

TOTAL ASSETS LESS CURRENT LIABILITIES

2,763,659

3,209,478

CREDITORS

Amounts falling due after more than one year

9

(150,626

)

(286,392

)

PROVISIONS FOR LIABILITIES

12

(500,933

)

(548,135

)

NET ASSETS

2,112,100

2,374,951

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,112,000

2,374,851

2,112,100

2,374,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 24 July 2025 and were signed on its behalf by:

Mr M K Warner - Director

1.	STATUTORY INFORMATION

Archis Scaffolding Solutions Ltd 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:

12058958

Registered office:

1 Kings Avenue

London

N21 3NA

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.

Preparation of consolidated financial statements

The financial statements contain information about Archis Scaffolding Solutions Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue is based on the invoiced value of goods, services and the value of work supplied and executed during the year. Revenue excludes value added tax.

Revenue from fixed price construction contracts is recognised on the percentage of completion method, measured by reference to the percentage of labour hours incurred to date to estimated total labour hours for each contract.

Intangible assets

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

Intellectual property is being written off in equal annual installments over its estimated economic life of 5 years.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on reducing balance

Computer and equipment - 15% on reducing balance

Motor vehicle - 25% on reducing balance

Short leasehold - 20% on cost

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries

Investment in subsidiary undertakings are recognised at cost less any impairment.

Inventory

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Cash and cash equivalent

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

16,177

Disposals

(16,177

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

12,941

Charge for year

3,236

Eliminated on disposal

(16,177

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

3,236

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

59,766

4,345,084

-

Additions

-

183,611

11,789

Disposals

(59,766

)

(83,630

)

-

At 31 December 2024

-

4,445,065

11,789

DEPRECIATION

At 1 January 2024

47,396

1,370,652

-

Charge for year

12,370

594,891

-

Eliminated on disposal

(59,766

)

-

-

At 31 December 2024

-

1,965,543

-

NET BOOK VALUE

At 31 December 2024

-

2,479,522

11,789

At 31 December 2023

12,370

2,974,432

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

227,777

48,877

4,681,504

Additions

53,726

16,449

265,575

Disposals

(38,367

)

-

(181,763

)

At 31 December 2024

243,136

65,326

4,765,316

DEPRECIATION

At 1 January 2024

80,132

12,275

1,510,455

Charge for year

36,914

5,489

649,664

Eliminated on disposal

(28,298

)

-

(88,064

)

At 31 December 2024

88,748

17,764

2,072,055

NET BOOK VALUE

At 31 December 2024

154,388

47,562

2,693,261

At 31 December 2023

147,645

36,602

3,171,049

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

900,296

Additions

52,300

At 31 December 2024

952,596

DEPRECIATION

At 1 January 2024

334,682

Charge for year

118,312

At 31 December 2024

452,994

NET BOOK VALUE

At 31 December 2024

499,602

At 31 December 2023

565,614

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

200

NET BOOK VALUE

At 31 December 2024

200

At 31 December 2023

200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,159,143

1,163,776

Amounts owed by group undertakings

10,949

2,150

Other debtors

582,755

132,262

2,752,847

1,298,188

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

103,097

105,471

Hire purchase contracts (see note 10)

102,031

175,287

Trade creditors

2,375,895

1,488,571

Taxation and social security

290,859

99,567

Other creditors

103,840

131,798

2,975,722

2,000,694

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

106,667

186,667

Hire purchase contracts (see note 10)

43,959

99,725

150,626

286,392

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

129,410

221,444

Between one and five years

96,090

168,899

225,500

390,343

Finance charges repayable:

Within one year

(27,379)

(46,157)

Between one and five years

(52,130)

(69,173)

79,509

115,330

Net obligations payable

Within one year

102,031

175,287

Between one and five years

43,960

99,726

145,991

275,013

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

106,667

186,667

Bank loan is secured by way of fixed and floating charge on the properties and other assets of the company and contains a negative pledge.

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

500,933

548,135

Deferred

tax

£

Balance at 1 January 2024

548,135

Credit to Income Statement during year

(47,202

)

Balance at 31 December 2024

500,933

13.	OTHER FINANCIAL COMMITMENTS

The company has annual commitment of £36,000 under non-cancellable operating leases for the next one year.

14.	RELATED PARTY DISCLOSURES

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.

Included in other debtors less than one year is an amount of £31,994 (2023: £22,145) due from connected companies under common control. The loans were interest free and recoverable on demand.

Included in other creditors less than one year is an amount of £65,796 (2023: £Nil) due to connected companies under common control. The loans were interest free and repayable on demand.