REGISTERED NUMBER: 11713224 (England and Wales)

ScaffFloat Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T A Budd

Mrs J E Butler

G Jago

SECRETARY:

T A Budd

REGISTERED OFFICE:

Scafffloat

Bissom Road

Penryn

Cornwall

TR10 9LH

REGISTERED NUMBER:

11713224 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Intangible assets

4

17,466

6,547

Tangible assets

5

480,008

414,690

497,474

421,237

CURRENT ASSETS

Debtors

6

405,463

423,116

Cash at bank and in hand

167,004

367,743

572,467

790,859

CREDITORS

Amounts falling due within one year

7

252,256

315,013

NET CURRENT ASSETS

320,211

475,846

TOTAL ASSETS LESS CURRENT LIABILITIES

817,685

897,083

CREDITORS

Amounts falling due after more than one year

8

(267,065

)

(408,049

)

PROVISIONS FOR LIABILITIES

(49,538

)

(61,928

)

NET ASSETS

501,082

427,106

CAPITAL AND RESERVES

Called up share capital

194

194

Share premium

180,421

180,421

Retained earnings

320,467

246,491

501,082

427,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th June 2026 and were signed on its behalf by:

T A Budd - Director

1.	STATUTORY INFORMATION

ScaffFloat Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the service is provided.

Intangible assets

Trademarks and patents are being amortised evenly over their estimated useful life of five years from the date of registration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Over the remaining life of the lease

Improvements to property

-

10% on cost

Plant and machinery

-

33% on cost, 20% on cost, 15% on cost and 10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Trademarks

and

patents

£

COST

At 1st January 2025

16,040

Additions

14,207

At 31st December 2025

30,247

AMORTISATION

At 1st January 2025

9,493

Amortisation for year

3,288

At 31st December 2025

12,781

NET BOOK VALUE

At 31st December 2025

17,466

At 31st December 2024

6,547

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1st January 2025

8,841

14,150

496,839

Additions

4,118

6,920

162,315

Disposals

-

-

(2,670

)

At 31st December 2025

12,959

21,070

656,484

DEPRECIATION

At 1st January 2025

3,984

3,090

182,656

Charge for year

1,126

1,624

78,550

Eliminated on disposal

-

-

(935

)

At 31st December 2025

5,110

4,714

260,271

NET BOOK VALUE

At 31st December 2025

7,849

16,356

396,213

At 31st December 2024

4,857

11,060

314,183

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2025

1,116

134,354

6,948

662,248

Additions

50

5,377

2,272

181,052

Disposals

-

(4,199

)

-

(6,869

)

At 31st December 2025

1,166

135,532

9,220

836,431

DEPRECIATION

At 1st January 2025

372

52,991

4,465

247,558

Charge for year

280

27,429

1,211

110,220

Eliminated on disposal

-

(420

)

-

(1,355

)

At 31st December 2025

652

80,000

5,676

356,423

NET BOOK VALUE

At 31st December 2025

514

55,532

3,544

480,008

At 31st December 2024

744

81,363

2,483

414,690

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2025

134,354

Transfer to ownership

(31,895

)

At 31st December 2025

102,459

DEPRECIATION

At 1st January 2025

52,991

Charge for year

27,429

Transfer to ownership

(30,864

)

At 31st December 2025

49,556

NET BOOK VALUE

At 31st December 2025

52,903

At 31st December 2024

81,363

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

309,610

406,265

Other debtors

95,853

16,851

405,463

423,116

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

59,035

53,139

Hire purchase contracts (see note 9)

22,674

22,778

Trade creditors

51,190

46,316

Taxation and social security

7,710

128,780

Other creditors

111,647

64,000

252,256

315,013

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

18,436

77,471

Hire purchase contracts (see note 9)

19,910

42,583

Other loans

228,719

287,995

267,065

408,049

Included in creditors due in more than one year are unsecured convertible loan notes of £203,034. (2024: £187,995) This balance includes accrued interest of £63,034 (2024: £47,995).

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

25,314

26,820

Between one and five years

21,765

47,078

47,079

73,898

Finance charges repayable:

Within one year

2,640

4,042

Between one and five years

1,855

4,495

4,495

8,537

Net obligations repayable:

Within one year

22,674

22,778

Between one and five years

19,910

42,583

42,584

65,361

Non-cancellable

operating leases

2025

2024

£

£

Within one year

50,000

50,000

Between one and five years

20,833

70,833

70,833

120,833

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

200,000

100,000

Bank loan

68,173

111,169

268,173

211,169

Balvernie Ltd has a fixed and floating charge over ScaffFloat Ltd's assets, property and undertakings.

SWIG Finance Ltd has a fixed and floating charge over ScaffFloat Ltd's property and undertakings.