Registration number:
Guild Scaffolding Ltd.
for the Year Ended 31 October 2025
Guild Scaffolding Ltd.
Contents
|
Company Information |
|
|
Statement of Financial Position |
|
|
Notes to the Unaudited Financial Statements |
Guild Scaffolding Ltd.
Company Information
|
Directors |
Mr JP Peacock Mr GD George |
|
Registered office |
|
|
Accountants |
|
Guild Scaffolding Ltd.
(Registration number: 05093239)
Statement of Financial Position as at 31 October 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
Guild Scaffolding Ltd.
(Registration number: 05093239)
Statement of Financial Position as at 31 October 2025 (continued)
For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
......................................... |
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
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).
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.
Revenue recognition
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 that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income 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.
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
2 |
Accounting policies (continued) |
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 statement of financial position 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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
15% on reducing balance |
|
Office equipment |
20% on reducing balance |
|
Motor vehicles |
25% on reducing balance |
|
Computer equipment |
33% on cost |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was being amortised over a useful life of 10 years and has now been fully amortised.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Provisions
The provision for liabilities consists of deferred tax only.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
2 |
Accounting policies (continued) |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 November 2024 |
|
|
|
At 31 October 2025 |
|
|
|
Amortisation |
||
|
At 1 November 2024 |
|
|
|
At 31 October 2025 |
|
|
|
Carrying amount |
||
|
At 31 October 2025 |
- |
- |
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
Tangible assets |
|
Long leasehold land and buildings |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Motor vehicles |
||
|
Cost or valuation |
||||||
|
At 1 November 2024 |
|
|
|
|
|
|
|
Additions |
- |
|
|
- |
|
|
|
Disposals |
- |
- |
- |
- |
( |
|
|
At 31 October 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 November 2024 |
|
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
- |
( |
|
|
At 31 October 2025 |
|
|
|
|
|
|
|
Carrying amount |
||||||
|
At 31 October 2025 |
- |
|
|
|
|
|
|
At 31 October 2024 |
- |
|
|
|
|
|
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
5 |
Tangible assets (continued) |
|
Total |
||||||
|
Cost or valuation |
||||||
|
At 1 November 2024 |
|
|||||
|
Additions |
|
|||||
|
Disposals |
( |
|||||
|
At 31 October 2025 |
|
|||||
|
Depreciation |
||||||
|
At 1 November 2024 |
|
|||||
|
Charge for the year |
|
|||||
|
Eliminated on disposal |
( |
|||||
|
At 31 October 2025 |
|
|||||
|
Carrying amount |
||||||
|
At 31 October 2025 |
|
|||||
|
At 31 October 2024 |
|
|||||
Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of long leasehold land and buildings.
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
Prepayments |
|
|
|
|
|
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
- |
|
|
Taxation and social security |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2025 |
2024 |
|
|
Due after one year |
|||
|
Loans and borrowings |
- |
|
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
- |
|
Current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
Guild Scaffolding Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|