Ingleford Scaffolding Limited

Registered number

07409897

Report and Financial Statements

31 March 2025

Ingleford Scaffolding Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Strategic report	4
Independent auditor's report	5
Income statement	6
Statement of comprehensive income	6
Statement of financial position	7
Statement of changes in equity	8
Statement of cash flows	9
Notes to the financial statements	10

Ingleford Scaffolding Limited

Company Information

Directors

ML Davsion

JJ Flowers

Auditors

TC Group Limited

Bankers

Lloyds Bank Plc

Registered office

2 Monument Park

Pattinson Industrial Estate

Washington

Tyne & Wear

NE38 8QU

Registered number

07409897

Ingleford Scaffolding Limited
Registered number:		07409897
Directors' Report

The directors present their report and financial statements for the year ended 31 March 2025.

Principal activities
The company's principal activity during the year continued to be that of scaffold erection and hire

Directors
The following persons served as directors during the year:

	ML Davsion
	JJ Flowers

Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.



This report was approved by the board on 27 March 2026 and signed on its behalf.



ML Davison
Director

Ingleford Scaffolding Limited
Strategic Report

Ingleford Scaffodling Limited is a company that has over 10 years of experience in the scaffold and scaffold hire sector Turnover has increased 10.9% this year (2024 7.6%) and is in line with the directors expectations The company remains in a strong position in the market, due to the dedication and effort of management and staff alike. The directors believe the the company should remain in a positive position to take advantage of future opportunities in the industry.

Key performance indicators

The company has identified and details below, the following key performance indicators;

	2025	2024
	£	£

Gross profit	5,245,108	4,115,230
Gross profit margin	46.60%	40.90%
Net assets	2,579,097	1,916,762


Future developments

The directors aim to maintain the management policies which have resulted in the company's growth in recent years. They consider that the next year will show some growth in turnover and margins will hold up
Principal risks and uncertainties

The performance of the company is subject to a number of risks, which are regularly reviewed by the board of directors, and appropriate processes are put in place to monitor and mitigate these risks. The principal risks faced by the company include maintaining sales margins, general contract demand and supply chain issues, employment levels, recruitment and training of suitably skilled staff.





This report was approved by the board on 27 March 2026 and signed on its behalf.



ML Davison
Director

Ingleford Scaffolding Limited
Independent auditor's report
to the member of Ingleford Scaffolding Limited

Opinion

We have audited the financial statements of Ingleford Scaffolding Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.


Mark Hunter
(Senior Statutory Auditor)
for and on behalf of
TC Group Limited
Statutory Auditor
27 March 2026

Ingleford Scaffolding Limited
Income Statement
for the year ended 31 March 2025


Notes		2025		2024
£			£

Turnover	2	11,251,289		10,137,581

Cost of sales		(6,006,181)		(6,022,261)

Gross profit		5,245,108		4,115,320

Administrative expenses		(2,639,392)		(2,451,075)
Other operating income		1,250		-

Operating profit	3	2,606,966		1,664,245

Interest receivable		9,892		2,772

Profit on ordinary activities before taxation		2,616,858		1,667,017

Tax on profit on ordinary activities	5	(654,523)		(419,793)

Profit for the financial year		1,962,335		1,247,224

Ingleford Scaffolding Limited
Statement of Comprehensive Income
for the year ended 31 March 2025


Notes	2025		2024
£		£

Profit for the financial year	1,962,335		1,247,224

Other comprehensive income

Total comprehensive income for the year	1,962,335		1,247,224

Ingleford Scaffolding Limited
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	6		3,199,954			2,459,372

Current assets
Debtors	7	2,082,412			2,457,443
Cash at bank and in hand		1,555,079			956,244
		3,637,491			3,413,687

Creditors: amounts falling due within one year	8	(3,471,624)			(3,358,087)

Net current assets			165,867			55,600

Total assets less current liabilities			3,365,821			2,514,972


Provisions for liabilities
Deferred taxation	9		(786,724)			(598,210)

Net assets			2,579,097			1,916,762

Capital and reserves
Called up share capital	10		50			50
Profit and loss account	11		2,579,047			1,916,712

Total equity			2,579,097			1,916,762




ML Davison
Director
Approved by the board on 27 March 2026

Ingleford Scaffolding Limited
Statement of Changes in Equity
for the year ended 31 March 2025

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 April 2023	50		-		-		669,488		669,538

Profit for the financial year							1,247,224		1,247,224


At 31 March 2024	50		-		-		1,916,712		1,916,762



At 1 April 2024	50		-		-		1,916,712		1,916,762

Profit for the financial year							1,962,335		1,962,335

Dividends							(1,300,000)		(1,300,000)

At 31 March 2025	50		-		-		2,579,047		2,579,097

Ingleford Scaffolding Limited
Statement of Cash Flows
for the year ended 31 March 2025

Notes	2025		2024
£		£
Operating activities
Profit for the financial year	1,962,335		1,247,224

Adjustments for:
Interest receivable	(9,892)		(2,772)
Tax on profit on ordinary activities	654,523		419,793
Depreciation	543,791		499,363
Decrease in debtors	375,031		112,885
Decrease in creditors	(36,264)		(1,848,856)
	3,489,524		427,637

Interest received	9,892		2,772
Corporation tax paid	(316,208)		(239,652)

Cash generated by operating activities	3,183,208		190,757

Investing activities
Payments to acquire tangible fixed assets	(1,296,098)		(704,601)
Proceeds from sale of tangible fixed assets	11,725		9,920

Cash used in investing activities	(1,284,373)		(694,681)

Financing activities
Equity dividends paid	(1,300,000)		-

Cash used in financing activities	(1,300,000)		-

Net cash generated/(used)
Cash generated by operating activities	3,183,208		190,757
Cash used in investing activities	(1,284,373)		(694,681)
Cash used in financing activities	(1,300,000)		-

Net cash generated/(used)	598,835		(503,924)

Cash and cash equivalents at 1 April	956,244		1,460,168
Cash and cash equivalents at 31 March	1,555,079		956,244

Cash and cash equivalents comprise:
Cash at bank	1,555,079		956,244

Ingleford Scaffolding Limited
Notes to the Accounts
for the year ended 31 March 2025

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years


	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Analysis of turnover					2025		2024
£							£

	Sale of goods					11,251,289		10,137,581

	By geographical market:

	UK					11,251,289		10,137,581


3	Operating profit					2025		2024
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					543,791		499,363


4	Staff costs					2025		2024
£							£

	Wages and salaries					-		-
	Social security costs					-		-
	Other pension costs					50,224		51,011
						50,224		51,011


	Average number of employees during the year					Number	Number

						-		-


5	Taxation					2025		2024
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					466,009		366,208

	Deferred tax:
	Origination and reversal of timing differences					188,514		53,585


	Tax on profit on ordinary activities					654,523		419,793


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2025		2024
£							£
	Profit on ordinary activities before tax					2,616,858		1,667,017

	Standard rate of corporation tax in the UK					20%		20%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					523,372		333,403

	Effects of:
	Expenses not deductible for tax purposes					(57,363)		32,805

	Current tax charge for period					466,009		366,208


	Factors that may affect future tax charges



6	Tangible fixed assets
				Plant and machinery		Fixtures, fittings, tools and equipment		Total
				At cost		At cost
£					£		£
	Cost or valuation
	At 1 April 2024			4,206,951		177,535		4,384,486
	Additions			1,296,098		-		1,296,098
	Disposals			-		(40,450)		(40,450)
	At 31 March 2025			5,503,049		137,085		5,640,134

	Depreciation
	At 1 April 2024			1,795,569		129,545		1,925,114
	Charge for the year			538,199		5,592		543,791
	On disposals			-		(28,725)		(28,725)
	At 31 March 2025			2,333,768		106,412		2,440,180

	Carrying amount
	At 31 March 2025			3,169,281		30,673		3,199,954
	At 31 March 2024			2,411,382		47,990		2,459,372



7	Debtors					2025		2024
£							£

	Trade debtors					1,762,350		2,268,321
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					115,173		-
	Other debtors					204,889		189,122
						2,082,412		2,457,443


8	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					525,536		485,511
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					2,144,867		2,372,994
	Corporation tax					407,607		257,806
	Other taxes and social security costs					157,048		115,412
	Other creditors					236,566		126,364
						3,471,624		3,358,087


9	Deferred taxation					2025		2024
£							£

	Accelerated capital allowances					786,724		598,210


						2025		2024
£							£

	At 1 April					598,210		544,625
	Charged to the profit and loss account					188,514		53,585

	At 31 March					786,724		598,210



10	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		50		50		50


11	Profit and loss account					2025		2024
£							£

	At 1 April					1,916,712		669,488
	Profit for the financial year					1,962,335		1,247,224
	Dividends					(1,300,000)		-

	At 31 March					2,579,047		1,916,712


12	Dividends					2025		2024
£							£

	Dividends on ordinary shares (note 11)					1,300,000		-



13	Controlling party

	The company is under the control of its ultimate parent undertaking, F & I Holdings Limited, a company incorporated in the UK. Ingleford Scaffolding Limited shares the same registered office as F & I Holdings Limited.


14	Presentation currency

	The financial statements are presented in Sterling.


15	Legal form of entity and country of incorporation

	Ingleford Scaffolding Limited is a private company limited by shares and incorporated in England.


16	Principal place of business

	The address of the company's principal place of business and registered office is:

	2 Monument Park
	Pattinson Industrial Estate
	Washington
	Tyne & Wear
	NE38 8QU


17	Reconciliations on adoption of FRS 102

	Profit and loss for the year ended 31 March 2024					£

	Profit under former UK GAAP					1,247,224

	Profit under FRS 102					1,247,224

	Balance sheet at 31 March 2024					£

	Equity under former UK GAAP					1,916,762

	Equity under FRS 102					1,916,762

	Balance sheet at 1 April 2023					£

	Equity under former UK GAAP					-

	Equity under FRS 102					-