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COMPANY REGISTRATION NUMBER: 10026501

South Wales Brickwork and Scaffold Limited

Filleted Unaudited Financial Statements

31 May 2025

South Wales Brickwork and Scaffold Limited

Financial Statements

Year ended 31 May 2025

CONTENTS | PAGE

Officers and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

South Wales Brickwork and Scaffold Limited

Officers and Professional Advisers

The board of directors | Mr A James
| Mr A Curtin
| Mr A P Curtin
| Mr A Paddison

Registered office | Former Cape Industrial Yard
| The Queensway
| Fforestfach
| Swansea
| Wales
| SA5 4DJ

Accountants | James & Uzzell Ltd
| Chartered Certified Accountants
| Axis 15, Axis Court
| Mallard Way
| Riverside Business Park
| Swansea
| SA7 0AJ

South Wales Brickwork and Scaffold Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Tangible assets | 5 | 272,453 | 204,618

CURRENT ASSETS

Debtors | 6 | 524,250 | 396,088
Cash at bank and in hand | – | 30,444
| --------- | ---------
| 524,250 | 426,532

CREDITORS: amounts falling due within one year | 7 | 314,355 | 119,870
| --------- | ---------
NET CURRENT ASSETS | 209,895 | 306,662
| --------- | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES | 482,348 | 511,280

CREDITORS: amounts falling due after more than one year | 8 | 127,768 | 118,905

PROVISIONS | 45,864 | 37,142
| --------- | ---------
NET ASSETS | 308,716 | 355,233
| --------- | ---------

CAPITAL AND RESERVES

Called up share capital | 9 | 100 | 100
Profit and loss account | 308,616 | 355,133
| --------- | ---------
SHAREHOLDERS FUNDS | 308,716 | 355,233
| --------- | ---------

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 comprehensive income has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .

South Wales Brickwork and Scaffold Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 11 February 2026 , and are signed on behalf of the board by:
Andrew P Curtin
Andrew Peter Curtin
Director
Company registration number: 10026501

South Wales Brickwork and Scaffold Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. GENERAL INFORMATION
South Wales Brickwork and Scaffold Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are building contractors and scaffolding hire.
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 a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 May 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Employee 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.
Going concern
The directors have considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.
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.
Judgements and key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Accounting for construction contracts
Recognition of turnover and profit is based on judgements made in respect of the ultimate profitability of a contract. Such judgements are arrived at through the use of estimates in relation to costs and value of work performed to date and to be performed in bringing contracts to completion, including satisfaction of maintenance responsibilities. These estimates are made by reference to recovery of pre-contract costs, surveys of progress against the construction programme, changes in work scope, the contractual terms under which the work is being performed including the recoverability of any unagreed income from variations on the likely outcome of discussions on claims, costs incurred and external certification of the work performed. The company has the appropriate control procedures to ensure all estimates are determined on a consistent basis and subject to appropriate review and authorisation.
Provisions
Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes
Going Concern
The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Construction contracts When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision. Interest received Interest income is recognised using the effective interest method.
Tax
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 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.
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
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:

| Long leasehold property | - | 30 years
| Plant and machinery | - | 25% straight line
| Motor vehicles | - | 25% straight line
| Equipment | - | 15% straight line

Impairment
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 recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Finance leases and hire purchase contracts
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. Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease. 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.
Provisions
Provisions are recognised 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. Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 11 (2024: 15 ).
5. TANGIBLE ASSETS

| Land and buildings | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 June 2024 | 69,130 | 51,115 | 186,166 | 824 | 307,235
Additions | 39,192 | 71,797 | – | – | 110,989
Disposals | – | – | ( 16,946) | – | ( 16,946)
| --------- | --------- | --------- | ---- | ---------
At 31 May 2025 | 108,322 | 122,912 | 169,220 | 824 | 401,278
| --------- | --------- | --------- | ---- | ---------
Depreciation |  |  |  |  |
At 1 June 2024 | 6,749 | 44,277 | 51,147 | 444 | 102,617
Charge for the year | 3,578 | 6,313 | 31,374 | 124 | 41,389
Disposals | – | – | ( 15,181) | – | ( 15,181)
| --------- | --------- | --------- | ---- | ---------
At 31 May 2025 | 10,327 | 50,590 | 67,340 | 568 | 128,825
| --------- | --------- | --------- | ---- | ---------
Carrying amount |  |  |  |  |
At 31 May 2025 | 97,995 | 72,322 | 101,880 | 256 | 272,453
| --------- | --------- | --------- | ---- | ---------
At 31 May 2024 | 62,381 | 6,838 | 135,019 | 380 | 204,618
| --------- | --------- | --------- | ---- | ---------

6. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 276,947 | 243,242
Other debtors | 247,303 | 152,846
| --------- | ---------
| 524,250 | 396,088
| --------- | ---------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 19,116 | 6,586
Trade creditors | 45,019 | 21,005
Corporation tax | 7,567 | –
Social security and other taxes | 48,046 | 21,629
Other creditors | 194,607 | 70,650
| --------- | ---------
| 314,355 | 119,870
| --------- | ---------

The total secured liabilities included in creditors within one year amounts to £29,231 (2024: £26,802). Obligations under finance leases and hire purchase contracts are secured by related assets.
8. CREDITORS: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 58,210 | 26,703
Other creditors | 69,558 | 92,202
| --------- | ---------
| 127,768 | 118,905
| --------- | ---------

The total secured liabilities included in creditors after one year is £90,461 (2024: £118,905). Obligations under finance leases and hire purchase contracts are secured by related assets.
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 70 | 70 | 70 | 70
Ordinary A shares of £ 1 each | 5 | 5 | 5 | 5
Ordinary B shares of £ 1 each | 10 | 10 | 10 | 10
Ordinary C shares of £ 1 each | 10 | 10 | 10 | 10
Ordinary D shares of £ 1 each | 5 | 5 | 5 | 5
| ---- | ---- | ---- | ----
| 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

10. RELATED PARTY TRANSACTIONS
During the year the company entered into transactions with related parties as follows: Key Management Personnel The balance due to key management personnel at the year end amounted to £34,553 (2024: £28,155 DR). Other related parties

|  | 2025 | 2024
|  | £ | £
| Amounts owed by other related parties | 204,431 | 108,000

No interest has been charged on any of the outstanding amounts.