REGISTERED NUMBER: 10313005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AGL SCAFFOLD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Taylor

L Rickson

G Rickson

P Rickson

REGISTERED OFFICE:

PGL House

Unit 10C-10D Ashdown Business Park

Michael Way

Uckfield

East Sussex

TN22 2DU

REGISTERED NUMBER:

10313005 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

3,068,505

2,854,805

CURRENT ASSETS

Stocks

160,000

-

Debtors

5

321,111

160,961

Cash at bank

88,790

59,090

569,901

220,051

CREDITORS

Amounts falling due within one year

6

(2,828,753

)

(2,704,543

)

NET CURRENT LIABILITIES

(2,258,852

)

(2,484,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

809,653

370,313

CREDITORS

Amounts falling due after more than one year

7

(410,326

)

(126,044

)

PROVISIONS FOR LIABILITIES

(341,493

)

(210,934

)

NET ASSETS

57,834

33,335

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

57,734

33,235

SHAREHOLDERS' FUNDS

57,834

33,335

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

L Rickson - Director

1.	STATUTORY INFORMATION

AGL Scaffold Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

3,510,838

3,310

308,575

2,848

3,825,571

Additions

806,159

-

87,910

-

894,069

Disposals

-

-

(7,890

)

-

(7,890

)

At 31 December 2024

4,316,997

3,310

388,595

2,848

4,711,750

DEPRECIATION

At 1 January 2024

885,595

734

83,517

920

970,766

Charge for year

614,804

515

57,919

385

673,623

Eliminated on disposal

-

-

(1,144

)

-

(1,144

)

At 31 December 2024

1,500,399

1,249

140,292

1,305

1,643,245

NET BOOK VALUE

At 31 December 2024

2,816,598

2,061

248,303

1,543

3,068,505

At 31 December 2023

2,625,243

2,576

225,058

1,928

2,854,805

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

191,230

DEPRECIATION

At 1 January 2024

43,114

Charge for year

29,623

At 31 December 2024

72,737

NET BOOK VALUE

At 31 December 2024

118,493

At 31 December 2023

148,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

218,497

83,225

Other debtors

102,614

77,736

321,111

160,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

108,746

7,720

Hire purchase contracts (see note 8)

133,978

49,485

Trade creditors

448,660

285,013

Amounts owed to associates

1,444,461

2,004,716

Taxation and social security

96,568

23,716

Other creditors

596,340

333,893

2,828,753

2,704,543

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

150,838

12,397

Hire purchase contracts (see note 8)

259,488

113,647

410,326

126,044

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

133,978

49,485

Between one and five years

259,488

113,647

393,466

163,132

Non-cancellable

operating leases

2024

2023

£

£

Within one year

31,800

31,800

Between one and five years

63,600

95,400

95,400

127,200

The lease of land began on 3 January 2023.

9.	FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

A balance of £1,029,461 (2023 - £1,954,716) is owed to PGL Brickwork & Scaffolding Contractors Ltd who have a 50% shareholding in AGL Scaffold Limited.

A balance of £415,000 (2023 - £50,000) is owed to PGL Holdings Ltd, an associate company.

At the year end, a balance of £564,369 (2023 - £314,719) was owed to the directors.

These balances are interest free and repayable upon demand.