Argyll Scaffolding Limited - Filleted accounts

Registered number

07016771

Argyll Scaffolding Limited

Filleted Accounts

30 September 2024

Argyll Scaffolding Limited
Registered number:		07016771
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		392,280			286,020

Current assets
Work in progress		21,865			33,933
Debtors	4	271,525			161,714
Cash at bank and in hand		13,404			360
		306,794			196,007

Creditors: amounts falling due within one year	5	(267,010)			(174,510)

Net current assets			39,784			21,497

Total assets less current liabilities			432,064			307,517

Creditors: amounts falling due after more than one year	6		(325,741)			(282,145)

Provisions for liabilities			(51,403)			(24,213)


Net assets			54,920			1,159

Capital and reserves
Called up share capital			2			2
Revaluation reserve	8		47,732			-
Profit and loss account			7,186			1,157

Shareholders' funds			54,920			1,159

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs C.E. Crilly
Director
Approved by the board on 30 September 2025

Argyll Scaffolding Limited
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			25% reducing balance basis
	Motor vehicles			25% reducing balance basis

	Stocks
	Stocks 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 stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					14		14


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2023	186,358		406,055		100,718		693,131
	Additions	-		821		48,820		49,641
	Surplus on revaluation	63,642		-		-		63,642
	Disposals	-		-		(21,833)		(21,833)
	At 30 September 2024	250,000		406,876		127,705		784,581

	Depreciation
	At 1 October 2023	37,270		324,312		45,529		407,111
	Charge for the year	(37,270)		14,120		17,354		(5,796)
	On disposals	-		-		(9,014)		(9,014)
	At 30 September 2024	-		338,432		53,869		392,301

	Net book value
	At 30 September 2024	250,000		68,444		73,836		392,280
	At 30 September 2023	149,088		81,743		55,189		286,020


	Freehold land and buildings:					2024		2023
£							£
	Historical cost					186,358		186,358
	Cumulative depreciation based on historical cost					-		(37,270)
						186,358		223,628
	The company's commercial property was revalued by the director in September 2024, based upon estimated value by commercial agents, at £250,000. There is no expectation of the value diminishing in the future and therefore no depreciation is recognised.


4	Debtors					2024		2023
£							£

	Trade debtors					58,926		79,310
	Other debtors					212,599		82,404
						271,525		161,714


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					69,191		52,757
	Obligations under finance lease and hire purchase contracts					24,564		16,475
	Trade creditors					2,176		6,413
	Taxation and social security costs					159,645		87,204
	Other creditors					11,434		11,661
						267,010		174,510


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					295,370		258,122
	Obligations under finance lease and hire purchase contracts					30,371		24,023
						325,741		282,145


7	Loans					2024		2023
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					6,760		28,242


	Secured bank loans					91,794		96,495

	The secured loan relates to a mortgage on the company's trading premises.


8	Revaluation reserve					2024		2023
£							£

	Gain on revaluation of land and buildings					63,642		-
	Deferred taxation arising on the revaluation of land and buildings					(15,910)		-

	At 30 September 2024					47,732		-


9	Related party transactions

	During the year Mrs Crilly charged the company £600 for provision of office facilities at her home. Mrs Crilly received dividends totalling £105,000 (2023: £117,500) and Mr Crilly received dividends totalling £105,000 (2023: £117,500). As at 30 September 2024 Mr and Mrs Crilly owed the company £79,036 in regard to their loan account balance. Interest was charged at an average rate of 2.25%.


10	Controlling party

	The ultimate controlling interest is held equally between Mrs C. Crilly and Mr J. Crilly.


11	Other information

	Argyll Scaffolding Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Eagle House
	Cranleigh Close
	South Croydon
	Surrey
	CR2 9LH