Barnet Scaffolding Services Limited

	Page
Company Information	1
Strategic Report	2—3
Directors' Report	4—5
Independent Auditor's Report	6—9
Statement of Comprehensive Income	10
Balance Sheet	11—12
Statement of Changes in Equity	13
Cash Flow Statement	14
Notes to the Cash Flow Statement	15
Notes to the Financial Statements	16—26

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Strategic Report

For The Year Ended 31 December 2025

Strategic Report

The directors present their strategic report for the year ended 31 December 2025.

Review of the Business

Management focuses on building a reputation for a quality service in delivering complex projects. It has a good client base and is committed to building long standing relationships with contractors.

Despite turnover reducing by £300,000 year-on-year, operating profit has been maintained at a similar level due to an improvement in the company's gross profit margin and a change in the sales mix. The prior year included a one-off contract generating approximately £1m of revenue. Whilst this contract contributed significantly to turnover, it generated comparatively lower margins than the company's core activities. In the current year, although turnover has reduced, the gross profit margin has increased from 32% to 35%, as work undertaken was more profitable and delivered more efficiently. As a result, a greater proportion of revenue has been converted into gross profit, offsetting the impact of the reduction in turnover. We have therefore been able to maintain overall profitability despite the absence of the one-off contract and lower revenue levels.

The increase in gross margin is due to better cost control and a greater focus on higher-margin contracts during the year.

The Directors continued to make a conscious effort to try to maintain and improve the gross profit margin by focusing on staff efficiency, a reduction in equipment hire, and a reduction in reliance on subcontracted labour.

A summary of results of the year’s trading is given on page 9 of the financial statements.

Principal Risks and Uncertainties

The company will always be exposed to commercial risks, including risks in competition, market opportunity, and compliance with industry accreditations. The Directors are responsible for ensuring that the business risks are actively managed.

Operational risks include skilled labour shortage. To mitigate this the company continues to invest in apprenticeships and training programs to secure and retain a skilled workforce.

Financial Key Performance Indicators

The directors consider that key financial performance indicators are those that communicate the financial performance and strength of the company, these being revenue, gross margin, and operating profit. In addition, the Directors monitor operational key performance indicators by project on a monthly basis.

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Barnet Scaffolding Services Limited

Strategic Report (continued)

For The Year Ended 31 December 2025

Section 172(1) Statement

Under section 172, directors have a duty to promote the success of the company for the benefit of its members. This includes considering the long-term consequences of decisions, the interests of employees, fostering business relationships, and maintaining high standards of business conduct. As the four directors are also the shareholders, this is demonstrated in all aspects of the business and communicated on an ongoing basis.

On behalf of the board

D Eaves

Director

05/08/2026

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Barnet Scaffolding Services Limited

Company No. 06434181

Directors' Report For The Year Ended 31 December 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal Activity

Barnet Scaffolding Services Ltd (t/a JDC Scaffolding) is a commercial access scaffolding contractor providing an experienced approach from project inception to completion with an in-house design team.

Directors

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

D Eaves

J Clifford

J Sterling

L Cutten

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Barnet Scaffolding Services Limited

Directors' Report (continued)

For The Year Ended 31 December 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

Under section 487 (2) of the Companies Act 2006, SAS Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

On behalf of the board

D Eaves

Director

05/08/2026

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Independent Auditor's Report

to the Members of

Barnet Scaffolding Services Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Barnet Scaffolding Services Limited for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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Independent Auditor's Report (continued)

to the Members of

Barnet Scaffolding Services Limited

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors Responsibilities Statement set out on page 4—5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

Barnet Scaffolding Services Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Enquiring of management around actual and potential litigation and claims;

Reviewing financial statement disclosures and testing to supporting documentation with applicable laws and regulations;

Performing audit work over the risks of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director.

...CONTINUED

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Independent Auditor's Report (continued)

to the Members of

Barnet Scaffolding Services Limited

Auditor's Responsibilities for the Audit of the Financial Statements - continued

Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audt and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Khushil Gokani

Statutory Auditor

05/08/2026

SAS Audit Limited

SAS House

Chipperfield Road

Kings Langley

Hertfordshire

WD4 9JB

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Barnet Scaffolding Services Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
TURNOVER	3	8,078,002	8,376,721
Cost of sales		(5,275,574 )	(5,658,247 )

GROSS PROFIT		2,802,428	2,718,474

Administrative expenses		(1,788,282 )	(1,666,108 )

OPERATING PROFIT	4	1,014,146	1,052,366
Other interest receivable and similar income	9	4,212	11,402
Interest payable and similar charges	10	(136,317 )	(154,088 )

PROFIT BEFORE TAXATION		882,041	909,680
Tax on Profit	11	(208,419 )	(241,245 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		673,622	668,435
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		673,622	668,435

The notes on pages 15 to 26 form part of these financial statements.

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Barnet Scaffolding Services Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 06434181

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		3,835,636		3,820,219

			3,835,636		3,820,219
CURRENT ASSETS
Debtors	14	3,846,469		3,351,670
Cash at bank and in hand		644,731		909,990

		4,491,200		4,261,660
Creditors: Amounts Falling Due Within One Year	15	(2,793,542 )		(3,264,904 )

NET CURRENT ASSETS (LIABILITIES)			1,697,658		996,756

TOTAL ASSETS LESS CURRENT LIABILITIES			5,533,294		4,816,975

Creditors: Amounts Falling Due After More Than One Year	16		(461,805 )		(413,458 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(937,847 )		(943,497 )

NET ASSETS			4,133,642		3,460,020

CAPITAL AND RESERVES
Called up share capital	21		100,000		100,000
Revaluation reserve			266,000		304,000
Profit and Loss Account			3,767,642		3,056,020

SHAREHOLDERS' FUNDS			4,133,642		3,460,020

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Barnet Scaffolding Services Limited

Balance Sheet (continued)

As At 31 December 2025

On behalf of the board

D Eaves

Director

05/08/2026

The notes on pages 15 to 26 form part of these financial statements.

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Barnet Scaffolding Services Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2024	100,000	342,000	2,479,585	2,921,585
Profit for the year and total comprehensive income	-	-	668,435	668,435

Dividends paid	-	-	(130,000)	(130,000)
Transfer from revaluation reserve	-	-	38,000	38,000
Transfer to/from Profit & Loss Account	-	(38,000 )	-	(38,000)

As at 31 December 2024 and 1 January 2025	100,000	304,000	3,056,020	3,460,020


Profit for the year and total comprehensive income	-	-	673,622	673,622

Transfer from revaluation reserve	-	-	38,000	38,000
Transfer to/from Profit & Loss Account	-	(38,000 )	-	(38,000)

As at 31 December 2025	100,000	266,000	3,767,642	4,133,642

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Barnet Scaffolding Services Limited

Cash Flow Statement

For The Year Ended 31 December 2025

Cash Flow Statement

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	610,406	1,365,168
Interest paid		(136,317 )	(154,088 )
Tax paid		(207,353 )	(95,416 )

Net cash generated from operating activities		266,736	1,115,664

Cash flows from investing activities
Purchase of tangible assets		(250,145 )	(437,969 )
Proceeds from disposal of tangible assets		91,040	129,419
Interest received		4,212	11,402

Net cash used in investing activities		(154,893 )	(297,148 )

Cash flows from financing activities
Equity dividends paid		-	(130,000 )
Proceeds from new bank borrowings		82,574	-
Repayment of bank borrowings		-	(461,253 )
Repayment of finance leases		(459,676 )	(458,013 )

Net cash used in financing activities		(377,102 )	(1,049,266 )



Decrease in cash and cash equivalents		(265,259 )	(230,750 )
Cash and cash equivalents at beginning of year	2	909,990	1,140,740

Cash and cash equivalents at end of year	2	644,731	909,990

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Barnet Scaffolding Services Limited

Notes to the Cash Flow Statement

For The Year Ended 31 December 2025

Notes to the Cash Flow Statement

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	673,622	668,435
Adjustments for:
Tax on profit	208,419	241,245
Interest expense	136,317	154,088
Interest income	(4,212 )	(11,402 )
Depreciation of tangible assets	573,027	516,757
Profit on disposal of tangible assets	(36,048)	(44,963)
Movements in working capital:
Increase in trade and other debtors	(494,799 )	(1,223,974 )
(Decrease)/increase in trade and other creditors	(445,920 )	1,064,982

Net cash generated from operations	610,406	1,365,168

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	644,731	909,990

3. Analysis of changes in net funds/(debt)

	As at 1 January 2025	Cash flows	New finance leases	As at 31 December 2025
	£	£	£	£
Cash at bank and in hand	909,990	(265,259)	-	644,731
Finance leases	(779,442)	459,676	(393,291)	(713,057)
Debts falling due within one year	-	(28,472)	-	(28,472 )
Debts falling due after more than one year	-	(54,102)	-	(54,102)

	130,548	111,843	(393,291)	(150,900)

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Barnet Scaffolding Services Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Barnet Scaffolding Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06434181 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2. Going Concern Disclosure

The Directors have assessed whether the Company has adequate resources to meet its obligations as they fall due and beyond the 12 months from the date of the approval of these financial statements. The Directors have reviewed their forecasts and cash flow requirements for this period.

The Directors are confident that the Company has sufficient working capital available to continue in operational existence for the forseeable future and believe that the going concern basis of accounting is appropriate for these annual financial statements.

The Directors believe the going concern basis of accounting is appropriate for these annual financial statements.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. 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:

Leasehold	straight line over the term of the lease
Plant & Machinery	2-25 years
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss as incurred.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

...CONTINUED

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Financial Instruments - continued

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.9. Taxation

Current Tax

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

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 income statement, 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.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	8,078,002	8,376,721

	8,078,002	8,376,721

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	573,027	516,757

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	7,500	7,500

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	3,513,360	3,695,369
Social security costs	452,434	406,627
Other pension costs	95,107	89,667

	4,060,901	4,191,663

7. Average Number of Employees

Average number of employees, including directors, during the year was: 74 (2024: 74)

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	412,130	371,532
Company contributions to money purchase pension schemes	18,872	15,404

	431,002	386,936

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Defined benefit pension schemes	3		3

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	154,462	145,879
Company contributions to defined benefit pension schemes	7,723	6,341

	162,185	152,220

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	4,212	11,390
Other interest receivable	-	12

	4,212	11,402

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	73,183	79,938
Finance charges payable under finance leases and hire purchase contracts	63,134	74,150

	136,317	154,088

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	214,069	138,175
Prior period adjustment			-	8,349

			214,069	146,524
Deferred Tax
Deferred taxation			(5,650 )	94,721


Total tax charge for the period			208,419	241,245

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	882,041	909,680

Tax on profit at 25% (UK standard rate)	220,510	227,420
Expenses not deductible for tax purposes	134,920	123,425
Capital allowances	(141,361 )	(212,670 )
Short term timing differences	(5,650 )	94,721
Prior period adjustment	-	8,349

Total tax charge for the period	208,419	241,245

12. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	130,000

As at 31 December 2025	130,000

Amortisation
As at 1 January 2025	130,000

As at 31 December 2025	130,000

...CONTINUED

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

13. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	22,670	5,902,900	1,241,145	54,196
Additions	-	229,760	413,676	-
Disposals	-	(42,300 )	(231,000 )	-

As at 31 December 2025	22,670	6,090,360	1,423,821	54,196

Depreciation
As at 1 January 2025	10,390	2,693,644	643,286	53,372
Provided during the period	2,267	306,697	263,583	480
Disposals	-	(25,791 )	(192,517 )	-

As at 31 December 2025	12,657	2,974,550	714,352	53,852

Net Book Value
As at 31 December 2025	10,013	3,115,810	709,469	344

As at 1 January 2025	12,280	3,209,256	597,859	824


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	29,158	7,250,069
Additions	-	643,436
Disposals	-	(273,300 )

As at 31 December 2025	29,158	7,620,205

Depreciation
As at 1 January 2025	29,158	3,429,850
Provided during the period	-	573,027
Disposals	-	(218,308 )

As at 31 December 2025	29,158	3,784,569

...CONTINUED

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	-	3,835,636

As at 1 January 2025	-	3,820,219

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	1,001,330	937,071
Motor Vehicles	673,403	549,856

	1,674,733	1,486,927

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,801,552	1,484,447
Amounts owed by group undertakings	1,947,278	1,707,403
Other debtors	97,639	159,820

	3,846,469	3,351,670

Debts secured under the company's invoice discounting arrangements, amounted to £1,801,552 (2024: £1,484,447).

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	305,354	365,984
Trade creditors	343,078	612,222
Bank loans and overdrafts	28,472	-
Corporation tax	144,891	138,175
Other taxes and social security	103,966	75,395
Other creditors	463,521	443,727
Accruals and deferred income	1,404,260	1,439,819
Amounts owed to group undertakings	-	189,582

	2,793,542	3,264,904

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

16. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	407,703	413,458
Bank loans	54,102	-

	461,805	413,458

17. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	28,472	-

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	54,102	-

18. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	305,354	365,984
Later than one year and not later than five years	407,703	413,458

	713,057	779,442

	713,057	779,442

19. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	937,847	943,497

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	943,497	943,497
Deferred taxation	(5,650 )	(5,650 )

Balance at 31 December 2025	937,847	937,847

21. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
24,999 Ordinary A shares of £ 1.00 each	24,999	24,999
75,000 Ordinary B shares of £ 1.00 each	75,000	75,000
1 Ordinary C shares of £ 1.00 each	1	1

	100,000	100,000

22. Capital Commitments

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements totalling £nil (2024: £377,874).

23. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	154,422	129,422
Later than one year and not later than five years	492,482	533,128

	646,904	662,550

24. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund amounted to £95,107 (2023: £89,667).

At the balance sheet date unpaid contributions of £17,325 (2024: £12,419) were due to the fund. They are included in Other Creditors.

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Barnet Scaffolding Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

25. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	-	130,000

26. Controlling Parties

The ultimate parent undertaking is ECSC Limited (incorporated in England & Wales). Its registered office is SAS House, Friarswood, Chipperfield Road, Kings Langley, Hertfordshire, England, WD4 9JB.

The company has no controlling party.

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