REGISTERED NUMBER: 06502221 (England and Wales)

G & R SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G McFall

M C McFall

SECRETARY:

M C McFall

REGISTERED OFFICE:

Unit 2a Coventry Road

Exhall

West Midlands

CV7 9FU

REGISTERED NUMBER:

06502221 (England and Wales)

ACCOUNTANTS:

Burrows Scarborough

Chartered Accountants

Sovereign House

12 Warwick Street

Coventry

West Midlands

CV5 6ET

BANKERS:

Lloyds TSB

30 High Street

Coventry

West Midlands

CV1 5RA

FIXED ASSETS

Tangible assets

4

1,739,448

1,505,288

CURRENT ASSETS

Debtors

5

504,340

321,295

Prepayments and accrued income

2,540

2,672

Cash at bank

936,584

522,809

1,443,464

846,776

CREDITORS

Amounts falling due within one year

6

367,739

285,939

NET CURRENT ASSETS

1,075,725

560,837

TOTAL ASSETS LESS CURRENT LIABILITIES

2,815,173

2,066,125

CREDITORS

Amounts falling due after more than one year

7

(129,537

)

(183,320

)

PROVISIONS FOR LIABILITIES

(200,339

)

(146,408

)

ACCRUALS AND DEFERRED INCOME

(27,073

)

(5,231

)

NET ASSETS

2,458,224

1,731,166

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

2,448,224

1,721,166

SHAREHOLDERS' FUNDS

2,458,224

1,731,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

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

G McFall - Director

1.	STATUTORY INFORMATION

G & R Scaffolding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

The financial statements are rounded to the nearest £1.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, as is shown net of VAT.

Turnover is recognized on supply of services to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 15% on reducing balance

Motor Vehicles - 25% on reducing balance

Computer Equipment - 33% on straight line

Fixtures & Fittings - 33% on straight line

From the 1st April 2019 the company started to depreciate Freehold property at 2% on cost per annum.

The freehold land is not depreciated.

Impairment of Fixed Assets

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognized in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year

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 in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognized when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

981,482

1,291,619

2,273,101

Additions

-

416,414

416,414

Disposals

-

(199,692

)

(199,692

)

At 31 March 2025

981,482

1,508,341

2,489,823

DEPRECIATION

At 1 April 2024

50,632

717,181

767,813

Charge for year

10,126

125,945

136,071

Eliminated on disposal

-

(153,509

)

(153,509

)

At 31 March 2025

60,758

689,617

750,375

NET BOOK VALUE

At 31 March 2025

920,724

818,724

1,739,448

At 31 March 2024

930,850

574,438

1,505,288

Included in cost of land and buildings is freehold land of £ 452,488 (2024 - £ 452,488 ) which is not depreciated.

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

Plant and

machinery

etc

£

COST

At 1 April 2024

21,980

Additions

25,237

At 31 March 2025

47,217

DEPRECIATION

At 1 April 2024

9,273

Charge for year

9,486

At 31 March 2025

18,759

NET BOOK VALUE

At 31 March 2025

28,458

At 31 March 2024

12,707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,632

124,516

Amounts recoverable on contract

340,399

82,181

Other debtors

64,309

114,598

504,340

321,295

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

48,679

72,890

Hire purchase contracts

9,572

3,896

Payments on account

-

(6,420

)

Trade creditors

30,636

38,124

Taxation and social security

256,053

139,560

Other creditors

22,799

37,889

367,739

285,939

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

103,256

169,570

Hire purchase contracts

26,281

13,750

129,537

183,320

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

26,516

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

151,935

242,460

Other loans

-

22,500

Hire purchase contracts

35,853

17,646

187,788

282,606

The bank overdraft is secured by all monies due or to become due from the company to Lloyds Bank Commercial Finance Limited on any account whatsoever registered dated 21st October 2015.

The bank loan is secured by a fixed and floating charge over all the property or undertaking of the company

The company has an Invoice discounting arrangement with it bankers. The liability is included in Other Creditors and is secured by a fixed and floating charge which covers all property or undertakings of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

9,900

Ordinary A

£1.00

9,900

9,900

10,000

10,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

G McFall

Balance outstanding at start of year

-

-

Amounts advanced

25,458

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,458

-

11.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company and in the year amounted to £21,120 (2024 £25,031). Contributions totalling £664 (2024 £445) were payable at the balance sheet date and are included within Other creditors.