Branch Scaffolding Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14674205

BRANCH SCAFFOLDING LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2025

BRANCH SCAFFOLDING LTD

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		222,764		164,201

CURRENT ASSETS

Debtors	7	340,970	359,774
Cash at bank and in hand		5,382	15,154
		---------	---------
		346,352	374,928

CREDITORS: amounts falling due within one year	8	( 159,029)		( 222,709)
		---------		---------
NET CURRENT ASSETS			187,323		152,219
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			410,087		316,420

CREDITORS: amounts falling due after more than one year	9		( 24,103)		( 16,831)

PROVISIONS	10	( 55,691)	( 41,050)
		---------	---------
NET ASSETS		330,293	258,539
		---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	330,193	258,439
	---------	---------
SHAREHOLDER FUNDS	330,293	258,539
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BRANCH SCAFFOLDING LTD

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

R Bucknell
Director

Company registration number: 14674205

BRANCH SCAFFOLDING LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	30,170	44,953

Deferred tax:

Origination and reversal of timing differences	14,641	41,050
	--------	--------
Tax on profit	44,811	86,003
	--------	--------

6. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2024	132,536	–	68,728	201,264
Additions	48,290	7,647	67,903	123,840
Disposals	–	–	( 12,696)	( 12,696)
	---------	-------	---------	---------
At 28 February 2025	180,826	7,647	123,935	312,408
	---------	-------	---------	---------
Depreciation
At 1 March 2024	19,881	–	17,182	37,063
Charge for the year	27,123	1,147	27,485	55,755
Disposals	–	–	( 3,174)	( 3,174)
	---------	-------	---------	---------
At 28 February 2025	47,004	1,147	41,493	89,644
	---------	-------	---------	---------
Carrying amount
At 28 February 2025	133,822	6,500	82,442	222,764
	---------	-------	---------	---------
At 29 February 2024	112,655	–	51,546	164,201
	---------	-------	---------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	16,177	175,077
Other debtors	324,793	184,697
	---------	---------
	340,970	359,774
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	19,696	139,198
Corporation tax	75,122	44,953
Social security and other taxes	16,306	–
Other creditors	47,905	38,558
	---------	---------
	159,029	222,709
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	24,103	16,831
	--------	--------

10. PROVISIONS

	Deferred tax (note 11)
	£
At 1 March 2024	41,050
Charge against provision	14,641
	--------
At 28 February 2025	55,691
	--------

11. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	55,691	41,050
	--------	--------