REGISTERED NUMBER: SC709954 (Scotland)

Unaudited Financial Statements

For The Period 1 October 2023 to 29 September 2024

for

Tm Scaffolding Contracts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Lally

REGISTERED OFFICE:

35 Oakfield Avenue

Glasgow

G12 8LL

REGISTERED NUMBER:

SC709954 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

18,943

-

CURRENT ASSETS

Debtors

5

84,515

80,022

Cash at bank and in hand

250

2,662

84,765

82,684

CREDITORS

Amounts falling due within one year

6

383,712

63,733

NET CURRENT (LIABILITIES)/ASSETS

(298,947

)

18,951

TOTAL ASSETS LESS CURRENT LIABILITIES

(280,004

)

18,951

CREDITORS

Amounts falling due after more than one year

7

7,760

-

NET (LIABILITIES)/ASSETS

(287,764

)

18,951

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(287,765

)

18,950

SHAREHOLDERS' FUNDS

(287,764

)

18,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

M Lally - Director

1.	STATUTORY INFORMATION

Tm Scaffolding Contracts Ltd is a private company, limited by shares , registered in Scotland. 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.

Management have reviewed the financial position of the business and believe the business will continue for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis.

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 the cost less estimated residual value of 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

-

25% on cost

Motor vehicles

-

33% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

764

17,071

4,261

22,096

At 29 September 2024

764

17,071

4,261

22,096

DEPRECIATION

Charge for period

191

1,897

1,065

3,153

At 29 September 2024

191

1,897

1,065

3,153

NET BOOK VALUE

At 29 September 2024

573

15,174

3,196

18,943

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

Motor

vehicles

£

COST

Additions

17,071

At 29 September 2024

17,071

DEPRECIATION

Charge for period

1,897

At 29 September 2024

1,897

NET BOOK VALUE

At 29 September 2024

15,174

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

30.9.23

£

£

Trade debtors

58,128

10,638

Other debtors

25,651

69,384

Prepayments

736

-

84,515

80,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

30.9.23

£

£

Bank loans and overdrafts

47,288

-

Hire purchase contracts

4,656

-

Trade creditors

41,513

6,066

Tax

10,907

-

Social security and other taxes

64,058

3,550

VAT

16,348

19,270

Other creditors

123,812

-

Directors' current accounts

73,555

33,347

Accrued expenses

1,575

1,500

383,712

63,733

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.24

30.9.23

£

£

Hire purchase contracts

7,760

-