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Company Registration No. 4905055 (England and Wales)
PLATINUM SCAFFOLDING LIMITED Unaudited accounts for the year ended 28 February 2025
PLATINUM SCAFFOLDING LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PLATINUM SCAFFOLDING LIMITED Company Information for the year ended 28 February 2025
Director
Mr A P Larkin
Secretary
Denise Larkin
Company Number
4905055 (England and Wales)
Registered Office
23 BURROWFIELD WELWYN GARDEN CITY HERTFORDSHIRE AL7 4SS
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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PLATINUM SCAFFOLDING LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
532,462
500,702
Current assets
Debtors
5
56,243
164,814
Cash at bank and in hand
248,746
216,190
304,989
381,004
Creditors: amounts falling due within one year
6
(38,634)
(96,640)
Net current assets
266,355
284,364
Total assets less current liabilities
798,817
785,066
Creditors: amounts falling due after more than one year
7
(74,211)
(44,625)
Provisions for liabilities
Deferred tax
(27,523)
(16,919)
Net assets
697,083
723,522
Capital and reserves
Called up share capital
2
2
Profit and loss account
697,081
723,520
Shareholders' funds
697,083
723,522
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2025 and were signed on its behalf by
Mr A P Larkin Director Company Registration No. 4905055
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PLATINUM SCAFFOLDING LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PLATINUM SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4905055. The registered office is 23 BURROWFIELD, WELWYN GARDEN CITY, HERTFORDSHIRE, AL7 4SS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% Straight line method
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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PLATINUM SCAFFOLDING LIMITED Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
372,671
461,406
317,336
2,140
1,153,553
Additions
-
5,900
75,695
599
82,194
Disposals
-
-
(146,731)
-
(146,731)
At 28 February 2025
372,671
467,306
246,300
2,739
1,089,016
Depreciation
At 1 March 2024
-
422,840
229,034
977
652,851
Charge for the year
-
10,200
31,001
780
41,981
On disposals
-
-
(138,278)
-
(138,278)
At 28 February 2025
-
433,040
121,757
1,757
556,554
Net book value
At 28 February 2025
372,671
34,266
124,543
982
532,462
At 29 February 2024
372,671
38,566
88,302
1,163
500,702
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
2,656
2,431
Trade debtors
44,451
155,443
Accrued income and prepayments
9,136
6,940
56,243
164,814
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
23,335
19,295
Trade creditors
7,770
6,282
Taxes and social security
(1,046)
68,142
Loans from directors
6,125
471
Accruals
2,450
2,450
38,634
96,640
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
74,211
44,625
8
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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