| INTERLINK SCAFFOLDING LTD |
| Registered number: |
04938042 |
| Balance Sheet |
| as at 31 October 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,483,154 |
|
|
2,750,539 |
|
| Current assets |
| Debtors |
4 |
|
1,802,663 |
|
|
1,887,065 |
| Cash at bank and in hand |
|
|
140,742 |
|
|
402,928 |
|
|
|
1,943,405 |
|
|
2,289,993 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,802,797) |
|
|
(4,037,305) |
|
| Net current assets/(liabilities) |
|
|
|
140,608 |
|
|
(1,747,312) |
|
| Total assets less current liabilities |
|
|
|
2,623,762 |
|
|
1,003,227 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,603,412) |
|
|
(581,622) |
|
| Provisions for liabilities |
|
|
|
(478,426) |
|
|
(323,326) |
|
|
| Net assets |
|
|
|
541,924 |
|
|
98,279 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
597 |
|
|
597 |
| Share premium |
|
|
|
204 |
|
|
204 |
| Profit and loss account |
|
|
|
541,123 |
|
|
97,478 |
|
| Shareholders' funds |
|
|
|
541,924 |
|
|
98,279 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
| The financial statements were approved by the board of directors and authorised for issue on 30 October 2025 and are signed on its behalf by: |
|
| Mr M Eddy |
| Director |
|
| 30 October 2025 |
|
| INTERLINK SCAFFOLDING LTD |
| Notes to the Accounts |
| for the year ended 31 October 2024 |
|
|
| 1 |
Accounting policies |
|
|
Company information |
|
Interlink Scaffolding Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 11 Station Lane Industrial Estate, Station Lane, Birtley, County Durham, DH3 1DQ. |
|
|
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: |
|
|
Land and buildings |
2% straight line |
|
Plant and machinery |
15% reducing balance |
|
Fixtures, fittings, tools and equipment |
15-25% reducing balance |
|
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
|
|
Impairment of fixed assets |
|
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). |
|
|
Stock and work in progress |
|
Work in progress is stated at the net sales value of work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. |
|
|
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. |
|
|
Employee benefits |
|
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received, if considered material to the financial statements.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
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 |
116 |
|
126 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 November 2023 |
320,700 |
|
3,060,024 |
|
1,508,892 |
|
4,889,616 |
|
Additions |
36,000 |
|
264,933 |
|
- |
|
300,933 |
|
Disposals |
- |
|
- |
|
(13,950) |
|
(13,950) |
|
At 31 October 2024 |
356,700 |
|
3,324,957 |
|
1,494,942 |
|
5,176,599 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2023 |
69,600 |
|
1,217,953 |
|
851,524 |
|
2,139,077 |
|
Charge for the year |
6,200 |
|
408,986 |
|
149,535 |
|
564,721 |
|
On disposals |
- |
|
- |
|
(10,353) |
|
(10,353) |
|
At 31 October 2024 |
75,800 |
|
1,626,939 |
|
990,706 |
|
2,693,445 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2024 |
280,900 |
|
1,698,018 |
|
504,236 |
|
2,483,154 |
|
At 31 October 2023 |
251,100 |
|
1,842,071 |
|
657,368 |
|
2,750,539 |
|
|
|
|
|
|
|
|
|
|
|
The net carrying value of tangible fixed assets includes the following in respect of assets |
|
held under finance leases or hire purchase contracts. |
|
|
|
|
|
|
|
2024 |
|
2023 |
| £ |
£ |
|
Plant and machinery |
559,800 |
|
458,331 |
|
Motor vehicles |
244,182 |
|
325,571 |
|
|
|
|
|
|
|
803,982 |
|
783,902 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
1,478,600 |
|
1,830,691 |
|
HMRC - PAYE/ CIS |
|
|
|
|
311,379 |
|
- |
|
Other debtors |
12,684 |
|
56,374 |
|
|
|
|
|
|
1,802,663 |
|
1,887,065 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Loans and overdrafts |
470,145 |
|
149,825 |
|
Obligations under finance lease and hire purchase contracts |
287,402 |
|
261,618 |
|
Trade creditors |
379,149 |
|
413,611 |
|
Taxation and social security |
442,403 |
|
3,041,436 |
|
Accruals and deferred income |
176,807 |
|
140,162 |
|
Other creditors |
46,891 |
|
30,653 |
|
|
|
|
|
|
1,802,797 |
|
4,037,305 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Loans and overdrafts |
902,453 |
|
320,557 |
|
Obligations under finance lease and hire purchase contracts |
571,398 |
|
222,675 |
|
Director's loan account |
|
|
|
|
129,561 |
|
38,390 |
|
|
|
|
|
|
1,603,412 |
|
581,622 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due after one year includes loans from directors of £129,561. |
|
They are interest free loans, no terms for repayment having been fixed. |
|
|
| 7 |
Loans and overdrafts |
2024 |
|
2023 |
| £ |
£ |
|
|
Payable within one year |
470,145 |
|
149,825 |
|
Payable after one year |
902,453 |
|
320,557 |
|
Total loans |
1,372,598 |
|
470,382 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Retirement benefit schemes |
2024 |
|
2023 |
| £ |
£ |
|
Defined contribution schemes |
|
|
Charge to profit or loss in respect of defined contribution schemes |
104,815 |
|
103,813 |
|
|
|
|
|
|
|
|
|
|
The company operates a defined contribution pension scheme for all qualifying employees. |
|
The assets of the scheme are held separately from those of the company in an |
|
independently administered fund. |
|
| 9 |
Other information |
|
|
INTERLINK SCAFFOLDING LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 11 Station Lane Industrial Estate |
|
Station Lane |
|
Birtley |
|
County Durham |
|
DH3 1DQ |