REGISTERED NUMBER: 09459875 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

JLP SCAFFOLDING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J L Precious

Mrs D Precious

REGISTERED OFFICE:

Units G & H Londesborough Street

Hull

HU3 1DS

REGISTERED NUMBER:

09459875 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

5

1,031,253

1,278,306

CURRENT ASSETS

Stocks

-

251,105

Debtors

6

608,757

510,510

Cash at bank

115,608

105,976

724,365

867,591

CREDITORS

Amounts falling due within one year

7

619,702

440,404

NET CURRENT ASSETS

104,663

427,187

TOTAL ASSETS LESS CURRENT LIABILITIES

1,135,916

1,705,493

CREDITORS

Amounts falling due after more than one year

8

(166,728

)

(433,160

)

PROVISIONS FOR LIABILITIES

(245,897

)

(310,525

)

NET ASSETS

723,291

961,808

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

722,291

960,808

SHAREHOLDERS' FUNDS

723,291

961,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

Mr J L Precious - Director

1.	STATUTORY INFORMATION

JLP Scaffolding Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Units G & H Londesborough Street, Hull, HU3 1DS.

The principal activity of the company is that of scaffolding erection.

The presentational currency of the financial statements is Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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 etc

-

25% on cost, 20% on cost, 10% on cost and 4% - 10% on cost less residual value

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Tangible fixed assets are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation

Taxation for the year 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Obligations under hire purchase agreements are recognised as creditors, The underlying assets are capitalised and depreciated in accordance with the accounting policy described above. Interest payable is charged to profit over the term of the agreement.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 39 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2024

2,142,086

Additions

64,122

At 30 March 2025

2,206,208

DEPRECIATION

At 31 March 2024

863,780

Charge for year

311,175

At 30 March 2025

1,174,955

NET BOOK VALUE

At 30 March 2025

1,031,253

At 30 March 2024

1,278,306

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

Plant and

machinery

etc

£

COST

At 31 March 2024

901,757

Transfer to ownership

(195,871

)

At 30 March 2025

705,886

DEPRECIATION

At 31 March 2024

190,731

Charge for year

131,268

Transfer to ownership

(87,488

)

At 30 March 2025

234,511

NET BOOK VALUE

At 30 March 2025

471,375

At 30 March 2024

711,026

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

553,785

432,768

Amounts owed by group undertakings

719

38,387

Other debtors

54,253

39,355

608,757

510,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

235,570

214,816

Trade creditors

145,374

58,890

Taxation and social security

170,322

95,957

Other creditors

68,436

70,741

619,702

440,404

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,751

8,304

Hire purchase contracts (see note 9)

156,977

424,856

166,728

433,160

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

263,130

238,499

Between one and five years

172,693

450,664

435,823

689,163

Finance charges repayable:

Within one year

27,560

23,683

Between one and five years

15,716

25,808

43,276

49,491

Net obligations repayable:

Within one year

235,570

214,816

Between one and five years

156,977

424,856

392,547

639,672

Non-cancellable

operating leases

2025

2024

£

£

Within one year

11,824

11,824

Between one and five years

6,898

18,722

18,722

30,546

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

392,547

639,672

Amounts owed under hire purchase agreements are secured on the assets to which they relate.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is JLP Scaffolding (Holdings) Ltd.

The ultimate controlling party is J L & Mrs D Precious.