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Registered number: 09154240 DIRECT SCAFFOLD SUPPLY (UK) LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
DIRECT SCAFFOLD SUPPLY (UK) LIMITED REGISTERED NUMBER: 09154240 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 118,964 |  | -
Current assets |  |  |  |  |
Stocks | 5 | 2,503,131 |  | 689,130 |
Debtors: amounts falling due within one year | 6 | 581,959 |  | 67,980 |
Cash at bank and in hand | 7 | 108,609 |  | 336,377 |
|  | 3,193,699 |  | 1,093,487 |
Creditors: amounts falling due within one year | 8 | (3,883,584) |  | (568,918) |
Net current (liabilities)/assets |  |  | (689,885) |  | 524,569
Total assets less current liabilities |  |  | (570,921) |  | 524,569
Creditors: amounts falling due after more than one year | 9 |  | - |  | (1,000,000)
Net liabilities |  |  | (570,921) |  | (475,431)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | (571,921) |  | (476,431)
|  |  | (570,921) |  | (475,431)
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 March 2026.
J Ivy
Director
The notes on pages 2 to 8 form part of these financial statements. Page 1
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Direct Scaffold Supply (UK) Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
As at 31 December 2025, the company had net liabilities totalling £570,921. Included within creditors are amounts due to the Company's parent company and other group companies of £3,234,200. The controlling parties of Direct Scaffold Supply LLC, have confirmed that the Company will not be required to repay this amount until such a time in the future that it does not jeopardise its solvency. They have also confirmed that the parent company will continue to provide any necessary financial support to Direct Scaffold Supply (UK) Limited for a period of at least 12 months from the signing of the 2025 audited balance sheet. The directors therefore consider it appropriate to continue to adopt the going concern basis when preparing the financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Gains and losses arising on translation in the period are included in profit or loss.
| 2.4 | Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Page 2
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Leasehold improvements | - | 3 years
|  |  |  | Plant and machinery | - | 5 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 3
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
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 and loans from fellow group companies, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 4 | 3
Page 5
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Leasehold improvements | Plant and machinery | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| Additions | 91,225 | 52,413 | 143,638
| At 31 December 2025 | 91,225 | 52,413 | 143,638
| Depreciation |  |  |
| Charge for the year on owned assets | 19,356 | 5,318 | 24,674
| At 31 December 2025 | 19,356 | 5,318 | 24,674
| Net book value |  |  |
| At 31 December 2025 | 71,869 | 47,095 | 118,964
| At 31 December 2024 | - | - | -
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods | 2,503,131 | 689,130
Page 6
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 468,166 | 66,929
| Other debtors | 109,635 | 1,051
| Prepayments and accrued income | 4,158 | -
|  | 581,959 | 67,980
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 108,609 | 336,377
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 589,302 | 175,977
| Amounts owed to group undertakings | 3,234,200 | 275,238
| Other taxation and social security | - | 29,137
| Other creditors | 30,217 | 13,882
| Accruals and deferred income | 29,865 | 74,684
|  | 3,883,584 | 568,918
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | - | 1,000,000
Page 7
DIRECT SCAFFOLD SUPPLY (UK) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,000 (2024 - 1,000) Ordinary shares shares of £1.00 each | 1,000 | 1,000
11. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £26,701 (2024 - £42,642). Contributions totalling £17,049 (2024 - £3,333) were payable to the fund at the reporting date and are included in creditors.
12. | Related party transactions
| As at 31 December 2025 the Company owed DSS Group Holdings (a company under common control and ownership) owed the company £4,051 (2024 - £2,720). As at 31 December 2025 the Company owed Direct Scaffold Supply LLC (parent company) £3,220,479 (2024 - £1,275,238).
13. | Controlling party
The parent company is Direct Scaffold Supply LLC by virtue of its ownership of 100% of the issued share capital in the company. The registered office of the parent company is 6059 South Loop East, Houston, Texas, TX 77087, United States of America.
14. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 31 March 2026 by Simon Liggins (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.
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