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Registered number: 07712095
Able 1 Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07712095
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 294,365 328,786
294,365 328,786
CURRENT ASSETS
Stocks 5 36,620 77,870
Debtors 6 218,563 143,519
Cash at bank and in hand 20,782 1,321
275,965 222,710
Creditors: Amounts Falling Due Within One Year 7 (359,073 ) (437,904 )
NET CURRENT ASSETS (LIABILITIES) (83,108 ) (215,194 )
TOTAL ASSETS LESS CURRENT LIABILITIES 211,257 113,592
Creditors: Amounts Falling Due After More Than One Year 8 (87,080 ) (97,267 )
NET ASSETS 124,177 16,325
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 124,176 16,324
SHAREHOLDERS' FUNDS 124,177 16,325
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Thomas Kearns
Director
28/07/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Able 1 Scaffolding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07712095 . The registered office is 52b Fountayne Road, London, N16 7DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 856,752 204,927 1,573 4,167 1,067,419
Additions - 27,594 - - 27,594
As at 31 July 2025 856,752 232,521 1,573 4,167 1,095,013
...CONTINUED
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Page 4
Depreciation
As at 1 August 2024 585,956 148,865 654 3,158 738,633
Provided during the period 40,619 20,914 230 252 62,015
As at 31 July 2025 626,575 169,779 884 3,410 800,648
Net Book Value
As at 31 July 2025 230,177 62,742 689 757 294,365
As at 1 August 2024 270,796 56,062 919 1,009 328,786
5. Stocks
2025 2024
£ £
Stock 36,620 77,870
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 86,979 47,233
Other debtors 131,584 96,286
218,563 143,519
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 52,039 64,541
Other creditors 307,034 343,452
Taxation and social security - 29,911
359,073 437,904
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 87,080 97,267
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr James Thomas Kearns 37,500 28,000
Page 4