Company registration number 02764812 (England and Wales)
BRENT SCAFFOLD BOARDS LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
BRENT SCAFFOLD BOARDS LIMITED
COMPANY INFORMATION
Directors
Mr D Appleby
Mrs M L Appleby
Mr O J Appleby
Mr J Appleby
Company number
02764812
Registered office
Breighton Airfield
Bubwith
Selby
North Yorkshire
YO8 6DJ
BRENT SCAFFOLD BOARDS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Accountants' report
3
Profit and loss account
4
Statement of comprehensive income
5
Balance sheet
6 - 7
Statement of changes in equity
8
Statement of cash flows
9
Notes to the financial statements
10 - 20
BRENT SCAFFOLD BOARDS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

The directors present the strategic report for the year ended 31 March 2026.

Review of the business

The principal activity of the company during the period was the manufacturer scaffold boards.

The year again saw the business continue to grow sales in line with targeted plans. Overall sales demand & profitability was in line with expectation.

Principal risks and uncertainties

The year has continued to see ongoing high levels of raw material price inflation. The business has continued to focus resources on increased capacity. This has allowed the business to continue to grow whilst maintaining targeted profitability.

Development and performance

The Directors are forecasting another healthy increase in demand for 2021 as a result of securing further new contracts from a failed competitor.

Key performance indicators

The pre-eminent KPI for the business is the order book (future prospects) and the management of capacity to meet demand. This is monitored on an ongoing basis and capacity adjusted accordingly.

In addition, we closely monitor our performance in relation to customer on-time delivery & quality performance.

Other key ratios include Gross Margin %, Net Profit %, Liquidity and Working Capital.

We continue to closely monitor the working environment of our employees in order to minimise the risk of work and environmental hazards.

On behalf of the board

.............................................
Mrs M L Appleby
Director
Date: .............................................
BRENT SCAFFOLD BOARDS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -

The directors present their annual report and financial statements for the year ended 31 March 2026.

Principal activities

The principal activity of the company continued to be that of manufacturing of scaffold boards.

Results and dividends

The results for the year are set out on page 4.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D Appleby
Mrs M L Appleby
Mr O J Appleby
Mr J Appleby
On behalf of the board
Mrs M L Appleby
Director
16 July 2026
BRENT SCAFFOLD BOARDS LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF BRENT SCAFFOLD BOARDS LIMITED
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brent Scaffold Boards Limited for the year ended 31 March 2026 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/rulebook.html.

This report is made solely to the b oard of d irectors of Brent Scaffold Boards Limited, as a body, in accordance with the terms of our engagement letter dated .......................... Our work has been undertaken solely to prepare for your approval the financial statements of Brent Scaffold Boards Limited and state those matters that we have agreed to state to the b oard of d irectors of Brent Scaffold Boards Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-audit-exempt-companies-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brent Scaffold Boards Limited and its b oard of d irectors as a body for our work or for this report.

It is your duty to ensure that Brent Scaffold Boards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brent Scaffold Boards Limited. You consider that Brent Scaffold Boards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brent Scaffold Boards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Chartered Certified Accountants
16 July 2026
BRENT SCAFFOLD BOARDS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
2026
2025
Notes
£
£
Turnover
3
10,202,842
9,949,906
Cost of sales
(8,845,967)
(8,625,160)
Gross profit
1,356,875
1,324,746
Distribution costs
(286,169)
(315,187)
Administrative expenses
(1,032,451)
(1,026,875)
Operating profit/(loss)
4
38,255
(17,316)
Interest payable and similar expenses
7
(52,257)
(49,407)
Loss before taxation
(14,002)
(66,723)
Tax on loss
8
27,972
(32,628)
Profit/(loss) for the financial year
13,970
(99,351)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

BRENT SCAFFOLD BOARDS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
2026
2025
£
£
Profit/(loss) for the year
13,970
(99,351)
Other comprehensive income
-
-
Total comprehensive income for the year
13,970
(99,351)
BRENT SCAFFOLD BOARDS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 6 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
9
98,993
-
0
Current assets
Stocks
11
996,307
1,068,061
Debtors
12
2,528,451
2,422,449
Cash at bank and in hand
111,411
85,107
3,636,169
3,575,617
Creditors: amounts falling due within one year
13
(3,120,844)
(2,938,206)
Net current assets
515,325
637,411
Total assets less current liabilities
614,318
637,411
Creditors: amounts falling due after more than one year
14
-
0
(9,091)
Provisions for liabilities
Deferred tax liability
16
59,382
87,354
(59,382)
(87,354)
Net assets
554,936
540,966
Capital and reserves
Called up share capital
18
40,000
40,000
Profit and loss reserves
514,936
500,966
Total equity
554,936
540,966
BRENT SCAFFOLD BOARDS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 7 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 July 2026 and are signed on its behalf by:
Mr D Appleby
Director
Company registration number 02764812 (England and Wales)
BRENT SCAFFOLD BOARDS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2024
40,000
600,317
640,317
Year ended 31 March 2025:
Loss and total comprehensive income
-
(99,351)
(99,351)
Balance at 31 March 2025
40,000
500,966
540,966
Year ended 31 March 2026:
Profit and total comprehensive income
-
13,970
13,970
Balance at 31 March 2026
40,000
514,936
554,936
BRENT SCAFFOLD BOARDS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
2026
2025
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
21
314,394
(249,956)
Interest paid
(52,257)
(49,407)
Income taxes refunded
29,678
-
0
Net cash inflow/(outflow) from operating activities
291,815
(299,363)
Investing activities
Purchase of tangible fixed assets
(101,015)
-
0
Proceeds from disposal of tangible fixed assets
-
0
25,951
Net cash (used in)/generated from investing activities
(101,015)
25,951
Financing activities
Repayment of bank loans
(54,545)
(54,546)
Net cash used in financing activities
(54,545)
(54,546)
Net increase/(decrease) in cash and cash equivalents
136,255
(327,958)
Cash and cash equivalents at beginning of year
(1,329,346)
(1,001,388)
Cash and cash equivalents at end of year
(1,193,091)
(1,329,346)
Relating to:
Cash at bank and in hand
111,411
85,107
Bank overdrafts included in creditors payable within one year
(1,304,502)
(1,414,453)
BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 10 -
1
Accounting policies
Company information

Brent Scaffold Boards Limited is a private company limited by shares incorporated in England and Wales. The registered office is Breighton Airfield, Bubwith, Selby, North Yorkshire, YO8 6DJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of scaffold boards

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of scaffold boards

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 11 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
16-25% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 12 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 13 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

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

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 14 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 15 -
3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2026
2025
£
£
Turnover analysed by class of business
10,202,842
9,949,906
2026
2025
£
£
Turnover analysed by geographical market
UK
10,202,842
9,791,275
EU
-
158,631
10,202,842
9,949,906
4
Operating profit/(loss)
2026
2025
Operating profit/(loss) for the year is stated after charging/(crediting):
£
£
Depreciation of owned tangible fixed assets
2,022
-
Profit on disposal of tangible fixed assets
-
(9,279)
Operating lease charges
118,134
81,268
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
26
26

Their aggregate remuneration comprised:

2026
2025
£
£
Wages and salaries
924,592
937,998
Social security costs
111,327
91,106
Pension costs
61,753
93,849
1,097,672
1,122,953
BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 16 -
6
Directors' remuneration
2026
2025
£
£
Remuneration for qualifying services
346,000
337,500
Company pension contributions to defined contribution schemes
50,000
82,500
396,000
420,000
Remuneration disclosed above include the following amounts paid to the highest paid director:
2026
2025
£
£
Remuneration for qualifying services
113,500
113,500
7
Interest payable and similar expenses
2026
2025
£
£
Interest on financial liabilities measured at amortised cost
Interest on invoice finance arrangements
52,257
49,407
8
Taxation
2026
2025
£
£
Deferred tax
Origination and reversal of timing differences
(27,972)
32,628

The actual (credit)/charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:

2026
2025
£
£
Loss before taxation
(14,002)
(66,723)
Expected tax credit based on the standard rate of corporation tax in the UK of 19% (2025: 19%)
(2,660)
(12,677)
Effects of:
Permanent capital allowances in excess of depreciation
(21,258)
12,677
Deferred tax adjustments in respect of prior years
(4,054)
32,628
Taxation (credit)/charge in the financial statements
(27,972)
32,628
BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 17 -
9
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2025
950,443
Additions
101,015
At 31 March 2026
1,051,458
Depreciation and impairment
At 1 April 2025
950,443
Depreciation charged in the year
2,022
At 31 March 2026
952,465
Carrying amount
At 31 March 2026
98,993
At 31 March 2025
-
0
10
Financial instruments
11
Stocks
2026
2025
£
£
Raw materials and consumables
996,307
1,068,061
12
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
2,495,617
2,359,575
Corporation tax recoverable
-
0
29,678
Prepayments and accrued income
32,834
33,196
2,528,451
2,422,449
BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 18 -
13
Creditors: amounts falling due within one year
2026
2025
Notes
£
£
Bank loans and overdrafts
15
1,313,593
1,468,998
Trade creditors
1,359,228
1,067,541
Taxation and social security
417,159
364,123
Other creditors
2,884
4,085
Accruals and deferred income
27,980
33,459
3,120,844
2,938,206
14
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Bank loans and overdrafts
15
-
0
9,091
15
Loans and overdrafts
2026
2025
£
£
Bank loans
9,091
63,636
Bank overdrafts
1,304,502
1,414,453
1,313,593
1,478,089
Payable within one year
1,313,593
1,468,998
Payable after one year
-
0
9,091

The long-term loans are unsecured as they are a CBIL loan which is a government backed scheme.

The loan is repayable over 6 years end date 26 May 2026 and the rate of interest charged is 3.95%.

16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
59,382
87,354
BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
16
Deferred taxation
(Continued)
- 19 -
2026
Movements in the year:
£
Liability at 1 April 2025
87,354
Credit to profit or loss
(27,972)
Liability at 31 March 2026
59,382

The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.

17
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
61,753
93,849

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

18
Share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
40,000
40,000
40,000
40,000
20
Ultimate controlling party

The parent company of Brent Scaffold Boards Limited is Brent Scaffold Boards (Holding) Limited and its registered office is Breighton Airfield, Breighton, Selby, North Yorkshire, YO8 6DJ.

Mr D A Appleby and Mrs M L Appleby are the ultimate controlling party.

BRENT SCAFFOLD BOARDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 20 -
21
Cash generated from/(absorbed by) operations
2026
2025
£
£
Profit/(loss) for the year after tax
13,970
(99,351)
Adjustments for:
Taxation (credited)/charged
(27,972)
32,628
Finance costs
52,257
49,407
Gain on disposal of tangible fixed assets
-
(9,279)
Depreciation and impairment of tangible fixed assets
2,022
-
0
Movements in working capital:
Decrease/(increase) in stocks
71,754
(310,967)
(Increase)/decrease in debtors
(135,680)
21,389
Increase in creditors
338,043
66,217
Cash generated from/(absorbed by) operations
314,394
(249,956)
22
Analysis of changes in net debt
1 April 2025
Cash flows
31 March 2026
£
£
£
Cash at bank and in hand
85,107
26,304
111,411
Bank overdrafts
(1,414,453)
109,951
(1,304,502)
(1,329,346)
136,255
(1,193,091)
Borrowings excluding overdrafts
(63,636)
54,545
(9,091)
(1,392,982)
190,800
(1,202,182)
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