Tapit & Wrapit Scaffolding Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05076759

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		41,899		47,605

			41,899		47,605
CURRENT ASSETS
Debtors	5	49,430		30,731
Cash at bank and in hand		1,139		11,549

		50,569		42,280
Creditors: Amounts Falling Due Within One Year	6	(92,201 )		(82,919 )

NET CURRENT ASSETS (LIABILITIES)			(41,632 )		(40,639 )

TOTAL ASSETS LESS CURRENT LIABILITIES			267		6,966

Creditors: Amounts Falling Due After More Than One Year	7		-		(2,266 )

NET ASSETS			267		4,700

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			265		4,698

SHAREHOLDERS' FUNDS			267		4,700

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Tapit & Wrapit Scaffolding Company Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Hanman

Director

17 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tapit & Wrapit Scaffolding Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05076759 . The registered office is 150 Westbourne Park, Mackworth, Derby, Derbyshire, DE22 4HB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

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Tapit & Wrapit Scaffolding Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	67,678	63,850	131,528
Additions	5,428	-	5,428

As at 31 March 2025	73,106	63,850	136,956

Depreciation
As at 1 April 2024	58,960	24,963	83,923
Provided during the period	3,356	7,778	11,134

As at 31 March 2025	62,316	32,741	95,057

Net Book Value
As at 31 March 2025	10,790	31,109	41,899

As at 1 April 2024	8,718	38,887	47,605

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	13,770	35,926

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,820	6,932
Prepayments and accrued income	6,063	6,233
Other debtors	37,547	10,845
VAT	-	6,721

	49,430	30,731

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,266	9,062
Trade creditors	7,481	2,931
Corporation tax	4,636	-
Other taxes and social security	68,376	54,736
VAT	1,514	-
Other creditors	2,139	7,776
Accruals and deferred income	5,789	8,414

	92,201	82,919

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Tapit & Wrapit Scaffolding Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,266

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,266	9,062
Later than one year and not later than five years	-	2,266

	2,266	11,328

	2,266	11,328

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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