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Registered number: 08602779
Portway Scaffold (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Erdingsworth Business & Tax Advisors Ltd
Unit 3 Cuckoo Wharf
427 Lichfield Road
Birmingham
B6 7SS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08602779
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (1 ) 610,064
(1 ) 610,064
CURRENT ASSETS
Debtors 5 18,382 67,733
Cash at bank and in hand - 10,953
18,382 78,686
Creditors: Amounts Falling Due Within One Year 6 (82,806 ) (498,747 )
NET CURRENT ASSETS (LIABILITIES) (64,424 ) (420,061 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,425 ) 190,003
Creditors: Amounts Falling Due After More Than One Year 7 - (14,841 )
NET (LIABILITIES)/ASSETS (64,425 ) 175,162
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 (269,633 ) -
Profit and Loss Account 205,108 175,062
SHAREHOLDERS' FUNDS (64,425) 175,162
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D N McGrath
Director
6th October 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Portway Scaffold (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08602779 . The registered office is Unit 3 Cuckoo Wharf, Lichfield Road, Birmingham, B6 7SS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 15% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 5)
3 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2025 760,645 74,351 12,225 2,992 850,213
Revaluation (481,676 ) - - - (481,676 )
As at 31 March 2026 278,969 74,351 12,225 2,992 368,537
Depreciation
As at 1 April 2025 155,221 70,852 11,119 2,957 240,149
Provided during the period 123,749 3,499 1,107 34 128,389
As at 31 March 2026 278,970 74,351 12,226 2,991 368,538
Net Book Value
As at 31 March 2026 (1 ) - (1 ) 1 (1 )
As at 1 April 2025 605,424 3,499 1,106 35 610,064
Page 3
Page 4
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 36,235
Amounts owed by group undertakings - 31,498
Other debtors 18,382 -
18,382 67,733
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 112,583
Bank loans and overdrafts 29 14,270
Amounts owed to group undertakings - 288,213
Other creditors 82,777 40,374
Taxation and social security - 43,307
82,806 498,747
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 14,841
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2025 - 175,062
Profit for year - 30,046
Surplus on revaluation (269,633 ) -
Other comprehensive income for the year (269,633 ) -
Total comprehensive income for the year (269,633) 30,046
As at 31 March 2026 (269,633 ) 205,108
Page 4