REGISTERED NUMBER: 04598166 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PLUG SCAFFOLDING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTOR:

Mr D G Park

REGISTERED OFFICE:

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

REGISTERED NUMBER:

04598166 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

FIXED ASSETS

Tangible assets

4

18,749

30,373

CURRENT ASSETS

Debtors

5

26,824

39,068

Cash at bank

5,091

11,939

31,915

51,007

CREDITORS

Amounts falling due within one year

6

311,946

298,003

NET CURRENT LIABILITIES

(280,031

)

(246,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(261,282

)

(216,623

)

CREDITORS

Amounts falling due after more than one year

7

-

(6,720

)

PROVISIONS FOR LIABILITIES

(1,755

)

(1,305

)

NET LIABILITIES

(263,037

)

(224,648

)

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

8

(263,162

)

(224,773

)

SHAREHOLDERS' FUNDS

(263,037

)

(224,648

)

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2026 and were signed by:

Mr D G Park - Director

1.	STATUTORY INFORMATION

Plug Scaffolding 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgments, 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 accounting policies requiring the most judgment within the financial statements are those relating to accounting for sales under long term contracts and the recoverability of trade debtors.

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 revision and future periods where the revision affects both the current and future periods.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable for the provision of services related to the erection, hire and dismantling of scaffolding.

Revenue is recognised on the provision of the services once the scaffold has been erected and the period of hire commences, at which time the significant risks and rewards have passed to the customer.

Profit is recognised on long term contracts when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependant on the stage of completion of the contract at the balance sheet date.

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.

Plant and machinery

-

25% on reducing balance, 25% on cost, 10% on reducing balance and 10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Motor vehicles are carried at their fair value using a policy of revaluation. The assets are valued at their open market value by the directors at the balance sheet date

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents

These compromise cash at bank and other short-term highly liquid bank deposits.

Reserves

The movement in the fair value of the motor vehicles to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate depreciation and deferred tax provisions, may not be distributed to the shareholders.

Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future.

The director has declared his intention to continue to support the company for the foreseeable future and will not require repayment of his directors' loan account within 12 months of signing the directors report.

The director considers that in preparing the financial statements he has taken into account all information that could be reasonably be expected to be available. On this basis he considers that it is appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2025

240,198

895

85,858

5,554

332,505

Additions

1,641

-

3,000

-

4,641

Disposals

-

-

(37,913

)

-

(37,913

)

At 31 December 2025

241,839

895

50,945

5,554

299,233

DEPRECIATION

At 1 January 2025

219,330

895

76,358

5,549

302,132

Charge for year

10,259

-

3,502

4

13,765

Eliminated on disposal

-

-

(35,413

)

-

(35,413

)

At 31 December 2025

229,589

895

44,447

5,553

280,484

NET BOOK VALUE

At 31 December 2025

12,250

-

6,498

1

18,749

At 31 December 2024

20,868

-

9,500

5

30,373

Cost or valuation at 31 December 2025 is represented by:

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2019

-

-

14,000

-

14,000

Cost

241,839

895

36,945

5,554

285,233

241,839

895

50,945

5,554

299,233

If motor vehicles had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

48,158

48,158

Aggregate depreciation

48,158

48,158

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

Motor

vehicles

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

56,863

DEPRECIATION

At 1 January 2025

and 31 December 2025

56,862

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,430

23,003

Amounts recoverable on contract

17,870

14,607

Other debtors

267

-

Prepayments

2,257

1,458

26,824

39,068

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,334

32,570

Trade creditors

3,548

9,377

Social security and other taxes

51,080

27,187

VAT

1,663

4,484

Other creditors

669

206

Directors' current accounts

215,412

220,384

Accrued expenses

7,240

3,795

311,946

298,003

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

6,720

8.

RESERVES

2025

2024

£

£

Distributable

(265,997

)

(231,383

)

Non - distributable

2,835

6,610

(263,162

)

(224,773

)

Movement in non-distributable reserve

2025

2024

£

£

Balance brought forward

6,610

10,790

Fair value uplift

-

-

Asset disposals

(15,700

)

-

Movement in depreciation

9,700

(4,750

)

Movement in deferred tax

2,225

570

Balance carried forward

2,835

6,610

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Plug Scaffolding Ltd for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Plug Scaffolding Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Plug Scaffolding Ltd and state those matters that we have agreed to state to the director of Plug Scaffolding Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plug Scaffolding Ltd and its director for our work or for this report.

It is your duty to ensure that Plug Scaffolding Ltd 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 loss of Plug Scaffolding Ltd. You consider that Plug Scaffolding Ltd 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 Plug Scaffolding Ltd. 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 financial statements.

Rothmans LLP

Chartered Accountants

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

30 September 2026