Company No: 09960875 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	2,025,034		2,025,034
		2,025,034		2,025,034
Current assets
Debtors	4	169,049		213,449
Cash at bank and in hand		232		518
		169,281		213,967
Creditors: amounts falling due within one year	5	( 7,532)		( 29,307)
Net current assets		161,749		184,660
Total assets less current liabilities		2,186,783		2,209,694
Net assets		2,186,783		2,209,694
Capital and reserves
Called-up share capital	6	100		24,690
Profit and loss account		2,186,683		2,185,004
Total shareholders' funds		2,186,783		2,209,694

For the financial year ending 31 December 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Apex Scaffolding Holdings Limited (registered number: 09960875) were approved and authorised for issue by the Board of Directors on 16 July 2026. They were signed on its behalf by:

Mr A M Hogg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Apex Scaffolding Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Apex House, Pinbrook Road, Exeter, EX4 8HH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	2,025,034
At 31 December 2025	2,025,034
Carrying value at 31 December 2025	2,025,034
Carrying value at 31 December 2024	2,025,034

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	169,049		213,449

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	0		23,255
Corporation tax	3,850		3,200
Other taxation and social security	1,042		852
Other creditors	2,640		2,000
	7,532		29,307

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3,000 A ordinary shares of £ 0.01 each	30		30
5,500 B ordinary shares of £ 0.01 each	55		55
1,500 C ordinary shares of £ 0.01 each	15		15
	100		100
Nil Preference shares (2024: 24,590 shares of £ 1.00 each)	0		24,590
	100		24,690

The ordinary A, Ordinary B and Ordinary C shares rank pari passu and carry equal rights to voting, shall receive dividends and rights to income and capital.

The Redeemable Preference Shares shall not carry any preferential rights to dividends and the holders shall not be entitled to receive notice of meetings or attend or vote at general meetings of the Company.

During the year, all remaining (24,590) preference shares were redeemed at par.

7. Financial commitments

Other financial commitments

The company has provided a guarantee of £350,000 (2024: £350,000) to Apex Scaffolding (Exeter) Limited as security for that company's bank loan.

8. Contingencies

Contingent liabilities

The total amount of contingencies not included in the balance sheet is £nil. (2024: £24,615). The company was a member of a VAT group with its subsidiary undertakings and such was jointly liable for any outstanding liability, until January 2025 when the company ceased to be part of the VAT group.

9. Related party transactions

The company has taken advantage of the exemption to not disclose transactions with 100% group companies.