J P & Sons Scaffolding Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07623042

J P & SONS SCAFFOLDING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2025

J P & SONS SCAFFOLDING LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	25,000	30,000
Tangible assets	6	103,481	45,505
		----------	---------
		128,481	75,505

Current assets

Debtors	7	165,870	121,110
Cash at bank and in hand		506,619	237,118
		----------	----------
		672,489	358,228

Creditors: amounts falling due within one year	8	247,448		159,611
		----------		----------
Net current assets			425,041		198,617
			----------		----------
Total assets less current liabilities			553,522		274,122
			----------		----------
Net assets			553,522		274,122
			----------		----------

Capital and reserves

Called up share capital	9	1,000	1,000
Profit and loss account		552,522	273,122
		----------	----------
Shareholder funds		553,522	274,122
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

J P & SONS SCAFFOLDING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 5 January 2026 , and are signed on behalf of the board by:

J. Perren
Director

Company registration number: 07623042

J P & SONS SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MAY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Bridle Path, Beddington, Croydon, CR0 4SB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st June 2024 and 31st May 2025	50,000
	---------
Amortisation
At 1st June 2024	20,000
Charge for the year	5,000
	---------
At 31st May 2025	25,000
	---------
Carrying amount
At 31st May 2025	25,000
	---------
At 31st May 2024	30,000
	---------

6. Tangible assets

	Motor vehicles
	£
Cost
At 1st June 2024	77,345
Additions	73,494
	----------
At 31st May 2025	150,839
	----------
Depreciation
At 1st June 2024	31,840
Charge for the year	15,518
	----------
At 31st May 2025	47,358
	----------
Carrying amount
At 31st May 2025	103,481
	----------
At 31st May 2024	45,505
	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	92,624	47,864
Other debtors	73,246	73,246
	----------	----------
	165,870	121,110
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	800	1,030
Corporation tax	85,418	43,974
Social security and other taxes	34,212	20,512
Other creditors	127,018	94,095
	----------	----------
	247,448	159,611
	----------	----------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------