Registration number: 11721118

Hashtag Scaffolding Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Hashtag Scaffolding Limited

Company Information

Director

A W Phare

Registered office

Hector's House Unit 11 Pankhurst Close Littleham Exmouth Devon EX8 2RN

Accountants

Thompson Jenner LLP 28 Alexandra Terrace Exmouth Devon EX8 1BD

Hashtag Scaffolding Limited

(Registration number: 11721118)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	48,433	63,309
Current assets
Debtors	5	5,866	1,974
Cash at bank and in hand		36,505	11,518
		42,371	13,492
Creditors: Amounts falling due within one year	6	(105,698)	(101,873)
Net current liabilities		(63,327)	(88,381)
Total assets less current liabilities		(14,894)	(25,072)
Creditors: Amounts falling due after more than one year	6	(17,731)	(30,656)
Provisions for liabilities		(6,857)	(9,570)
Net liabilities		(39,482)	(65,298)
Capital and reserves
Called up share capital		1	1
Retained earnings		(39,483)	(65,299)
Shareholders' deficit		(39,482)	(65,298)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Hashtag Scaffolding Limited

(Registration number: 11721118)
Balance Sheet as at 31 December 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 September 2025
 

......................................... A W Phare Director

Hashtag Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Hector's House
Unit 11 Pankhurst Close
Littleham
Exmouth
Devon
EX8 2RN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director acknowledges that the company has net liabilities at the year end and has confirmed that he will support the company for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Hashtag Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Straight line
Motor Vehicles	25% Straight line
Office Equipment	20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hashtag Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

Hashtag Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	18,163	51,884	82,848	152,895
Additions	-	13,995	-	13,995
At 31 December 2024	18,163	65,879	82,848	166,890
Depreciation
At 1 January 2024	7,615	29,578	52,393	89,586
Charge for the year	3,633	15,895	9,343	28,871
At 31 December 2024	11,248	45,473	61,736	118,457
Carrying amount
At 31 December 2024	6,915	20,406	21,112	48,433
At 31 December 2023	10,548	22,306	30,455	63,309

Hashtag Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Debtors

	2024 £	2023 £
Trade debtors	3,300	420
Other debtors	2,566	1,329
Prepayments and accrued income	-	225
Total current trade and other debtors	5,866	1,974

6

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	13,539	15,639
Trade creditors		17,164	233
Taxation and social security		18,250	9,113
Other creditors		54,378	73,432
Accrued expenses		2,367	3,456
		105,698	101,873

Creditors due within one year include net obligations under finance lease and hire purchase contracts of £10,939 (2023 - £10,939) which are secured.

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	17,731	30,656

Creditors due after one year include net obligations under finance lease and hire purchase contracts of £15,327 (2023 - £25,849) which are secured.

Hashtag Scaffolding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	2,600	4,700
Finance lease liabilities	10,939	10,939
	13,539	15,639

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	2,404	4,807
Finance lease liabilities	15,327	25,849
	17,731	30,656