Company registration number 02789750 (England and Wales)
CHESHIRE SCAFFOLDS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
CHESHIRE SCAFFOLDS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
CHESHIRE SCAFFOLDS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr PJ Davidson
Mr L Sweeney
(Appointed 17 October 2024)
Mr S McLellan
(Appointed 17 October 2024)
Company number
02789750
Registered office
Whitehill Trading Estate
Reddish
Stockport
Cheshire
SK4 1NU
Accountants
Xeinadin
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD
CHESHIRE SCAFFOLDS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
2,958,925
3,644,413
Current assets
Debtors
6
772,343
1,043,714
Cash at bank and in hand
523,330
940,873
1,295,673
1,984,587
Creditors: amounts falling due within one year
7
(559,148)
(681,418)
Net current assets
736,525
1,303,169
Total assets less current liabilities
3,695,450
4,947,582
Creditors: amounts falling due after more than one year
8
(195,127)
(380,875)
Provisions for liabilities
(736,126)
(834,228)
Net assets
2,764,197
3,732,479
Capital and reserves
Called up share capital
87,000
87,000
Revaluation reserve
10
1,095,382
1,338,559
Capital redemption reserve
13,400
13,400
Profit and loss reserves
1,568,415
2,293,520
Total equity
2,764,197
3,732,479
CHESHIRE SCAFFOLDS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 3 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 November 2025 and are signed on its behalf by:
Mr PJ Davidson
Director
Company registration number 02789750 (England and Wales)
CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information

Cheshire Scaffolds Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whitehill Trading Estate, Reddish, Stockport, Cheshire, SK4 1NU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of plant and equipment. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors believe that the company is experiencing good levels of sales growth and profitability and that it true is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
6.67% on cost
Plant and equipment
10% / 25% on written down value
Fixtures and fittings
10% on cost
Motor vehicles
25% on cost

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.

CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

Payments A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If

contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified

as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line

basis over the period of the lease.

CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 7 -
1.12

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

1.13

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
68
82
3
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
527,755
639,704
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
300,000
Amortisation and impairment
At 1 May 2024 and 30 April 2025
300,000
Carrying amount
At 30 April 2025
-
0
At 30 April 2024
-
0
CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
5
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2024
58,800
6,521,881
37,382
752,267
7,370,330
Additions
-
0
-
0
-
0
61,410
61,410
Disposals
-
0
(1,539,827)
-
0
(28,990)
(1,568,817)
At 30 April 2025
58,800
4,982,054
37,382
784,687
5,862,923
Depreciation and impairment
At 1 May 2024
53,087
3,249,241
36,227
387,362
3,725,917
Depreciation charged in the year
1,586
385,074
692
140,402
527,754
Eliminated in respect of disposals
-
0
(1,320,683)
-
0
(28,990)
(1,349,673)
At 30 April 2025
54,673
2,313,632
36,919
498,774
2,903,998
Carrying amount
At 30 April 2025
4,127
2,668,422
463
285,913
2,958,925
At 30 April 2024
5,713
3,272,640
1,155
364,905
3,644,413
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
751,870
987,036
Other debtors
-
0
44,163
Prepayments and accrued income
20,473
12,515
772,343
1,043,714
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
67,802
Obligations under finance leases
9
121,171
84,579
Trade creditors
81,923
157,896
Amounts owed to undertakings in which the company has a participating interest
-
0
375
Corporation tax
235,000
262,575
Other taxation and social security
79,589
73,060
Other creditors
831
-
0
Accruals and deferred income
40,634
35,131
559,148
681,418
CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
7
Creditors: amounts falling due within one year
(Continued)
- 9 -

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1 21,171 (202 4: £152,381).

Assets held under hire purchase and finance lease agreements are secured on the assets to which they relate.

In respect of the bank overdraft, the director has given a personal guarantee.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
62,512
Other creditors
195,127
318,363
195,127
380,875

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £195,127 (202 4: £380,875).

Included within creditors due after one year is a Coronavirus Business Interruption Loan of £nil (202 4: £62,512) which carries no security.

The finance leases are secured on the assets concerned.

The bank overdraft is secured by a fixed and floating charge over the company's assets.

9
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
121,171
84,579
In two to five years
195,127
318,363
316,298
402,942
10
Revaluation reserve
2025
2024
£
£
At the beginning of the year
1,338,559
1,473,792
Deferred tax on revaluation of tangible assets
(80,898)
45,077
Transfer to retained earnings
(162,279)
(180,310)
At the end of the year
1,095,382
1,338,559
CHESHIRE SCAFFOLDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 10 -
11
Financial commitments, guarantees and contingent liabilities

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £226,591 (202 4: £228,327). These commitments are in respect of non-cancellable operating leases.

12
Related party transactions

Summary of transactions with other related parties

PAL SIPP of Mr P J Davidson

The company has signed a lease for rental of the property from the PAL SIPP of which Mr P J Davidson is the sole beneficiary. During the year rent of £62,000 was paid (202 4 : £62,000).

13
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr PJ Davidson - Director
-
16,166
4,329
(21,326)
(831)
16,166
4,329
(21,326)
(831)
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