Penarth Scaffolding Company Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09433402

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		412,135		365,372

			412,135		365,372
CURRENT ASSETS
Debtors	5	276,112		267,461
Cash at bank and in hand		-		41,986

		276,112		309,447
Creditors: Amounts Falling Due Within One Year	6	(338,616 )		(294,490 )

NET CURRENT ASSETS (LIABILITIES)			(62,504 )		14,957

TOTAL ASSETS LESS CURRENT LIABILITIES			349,631		380,329

Creditors: Amounts Falling Due After More Than One Year	7		(150,815 )		(172,730 )

NET ASSETS			198,816		207,599

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			198,716		207,499

SHAREHOLDERS' FUNDS			198,816		207,599

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Penarth Scaffolding Company Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 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 L Chandler

Director

29 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Penarth Scaffolding Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09433402 . The registered office is 47 Arcot Street, Penarth, South Glamorgan, WALES, CF64 1EU.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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% straight line
Motor Vehicles	20% straight line
Fixtures & Fittings	20% straight line

2.5. 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 account 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 the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 March 2025	430,469	340,545	5,300	776,314
Additions	65,255	118,092	-	183,347
Disposals	(3,297 )	-	-	(3,297 )

As at 28 February 2026	492,427	458,637	5,300	956,364

...CONTINUED

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Penarth Scaffolding Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Depreciation
As at 1 March 2025	272,801	137,081	1,060	410,942
Provided during the period	65,416	66,812	1,059	133,287

As at 28 February 2026	338,217	203,893	2,119	544,229

Net Book Value
As at 28 February 2026	154,210	254,744	3,181	412,135

As at 1 March 2025	157,668	203,464	4,240	365,372

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	220,874	223,031
Other debtors	55,238	44,430

	276,112	267,461

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	122,463	103,675
Trade creditors	129,440	71,435
Bank loans and overdrafts	19,882	40,000
Other creditors	64,092	53,353
Taxation and social security	2,739	26,027

	338,616	294,490

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	150,815	159,397
Bank loans	-	13,333

	150,815	172,730

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	122,463	103,675
Later than one year and not later than five years	150,815	159,397

	273,278	263,072

	273,278	263,072

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Penarth Scaffolding Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Included within other creditors is the amount of £8,744 (2025 - £1,128) owed to the director. This amount is undated, unsecured, interest free and repayable upon demand

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr L Chandler by virtue of his ownership of 100% of the issued share capital in the company.

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