WG Scaffold Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

WG Scaffold Ltd

Company Information

Directors

D S Wring D Pursey J M Wring

Registered Office

C/O Wring Group Building 5 Vale Lane Bedminster Bristol BS3 5RU

Registered Number

10299149

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

WG Scaffold Ltd

(Registration number: 10299149)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	31,400	47,219
Current assets
Debtors	5	196,181	176,195
Cash at bank and in hand		205,329	367,026
		401,510	543,221
Creditors: Amounts falling due within one year	6	(299,569)	(532,997)
Net current assets		101,941	10,224
Total assets less current liabilities		133,341	57,443
Creditors: Amounts falling due after more than one year	6	-	(10,000)
Provisions for liabilities		-	3,260
Net assets		133,341	50,703
Capital and reserves
Called up share capital		100	100
Retained earnings		133,241	50,603
Shareholders' funds		133,341	50,703

WG Scaffold Ltd

(Registration number: 10299149)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:
 

......................................... J M Wring Director

WG Scaffold Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Wring Group Building
5 Vale Lane
Bedminster
Bristol
BS3 5RU

These financial statements were authorised for issue by the Board on 22 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The directors have been mindful of any potential future impact from events such as the current cost of living crisis, energy crisis and interest rate rises and have reviewed budgets and projections for the next twelve months. From this review, the directors consider that the company is unlikely to be significantly affected and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

WG Scaffold Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. 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.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	Straight-line at 15%
Plant and machinery	Straight-line at 10%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

WG Scaffold Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 15).

WG Scaffold Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Furniture, fittings and equipment £	Plant and machinery £	Total £
Cost or valuation
At 1 September 2024	1,169	157,000	158,169
At 31 August 2025	1,169	157,000	158,169
Depreciation
At 1 September 2024	1,050	109,900	110,950
Charge for the year	119	15,700	15,819
At 31 August 2025	1,169	125,600	126,769
Carrying amount
At 31 August 2025	-	31,400	31,400
At 31 August 2024	119	47,100	47,219

5

Debtors

	2025 £	2024 £
Trade debtors	182,274	170,927
Other debtors	297	60
Prepayments and accrued income	13,610	5,208
	196,181	176,195

WG Scaffold Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6

Creditors

Due within one year	Note	2025 £	2024 £
Bank borrowings		10,000	10,000
Trade creditors		1,088	2,044
Amounts owed to related parties	8	206,845	478,122
Taxation and social security		58,485	15,528
Accruals and deferred income		23,151	27,003
Other creditors		-	300
		299,569	532,997

 

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	10,000

Included in bank loans and borrowings is a combined balance of £10,000 (2024 - £20,000) which is guaranteed by the government and unsecured.

7	Financial commitments, guarantees and contingencies

Pension commitments

The entity operates a defined contributions pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £205 (2024 - £Nil) were payable to the fund at the reporting date.

8	Related party transactions

Summary of transactions with other related parties

During the year the company was recharged overheads of £125,000 (2024 - £75,000) from Wring Group Limited.

Wring Group Limited is related by virtue of the directors shareholdings.

WG Scaffold Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Loans from related parties

2025	Other related parties £	Total £
At start of period	478,122	478,122
Advanced	130,488	130,488
Repaid	(401,765)	(401,765)
At end of period	206,845	206,845

2024	Other related parties £	Total £
At start of period	402,769	402,769
Advanced	75,733	75,733
Repaid	(380)	(380)
At end of period	478,122	478,122

Terms of loans from related parties

Loans from other related parties are interest free and repayable on demand.