REGISTERED NUMBER: 08351601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

JOHN CURLEY SCAFFOLDING (WALES) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J S Curley

Mr J P Curley

Mr L Murphy

REGISTERED OFFICE:

13-14 Gelliwastad Road

Pontypridd

RCT

CF37 2BW

REGISTERED NUMBER:

08351601 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Property, plant and equipment

4

285,295

261,640

CURRENT ASSETS

Debtors

5

164,628

218,891

Cash at bank and in hand

81,593

10,628

246,221

229,519

CREDITORS

Amounts falling due within one year

6

502,770

454,392

NET CURRENT LIABILITIES

(256,549

)

(224,873

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,746

36,767

CREDITORS

Amounts falling due after more than one year

7

(125,240

)

(48,796

)

PROVISIONS FOR LIABILITIES

(15,109

)

(31,158

)

NET LIABILITIES

(111,603

)

(43,187

)

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

(111,604

)

(43,188

)

SHAREHOLDERS' FUNDS

(111,603

)

(43,187

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 30 October 2026 and were signed on its behalf by:

Mr J S Curley - Director

Mr J P Curley - Director

1.	STATUTORY INFORMATION

John Curley Scaffolding (Wales) Limited 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.

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.

Going Concern

The company directors continually review the financial position of the company, and in particular rising running costs of the business. To assist, the company secured additional financial support during the year.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises income based upon the progression of the contract at each month end, and raises the income based upon the agreed proportion of the contract value.

Accrued income is recognised where relevant.

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.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

10% on cost

Motor vehicles

-

20% on reducing balance

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2025 - 12 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 March 2025

542,327

Additions

73,873

Disposals

(1,400

)

At 28 February 2026

614,800

DEPRECIATION

At 1 March 2025

280,687

Charge for year

50,066

Eliminated on disposal

(1,248

)

At 28 February 2026

329,505

NET BOOK VALUE

At 28 February 2026

285,295

At 28 February 2025

261,640

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

Plant and

machinery

etc

£

COST

At 1 March 2025

458,058

Additions

30,549

Transfer to ownership

(56,549

)

At 28 February 2026

432,058

DEPRECIATION

At 1 March 2025

240,109

Charge for year

39,172

Transfer to ownership

(8,358

)

At 28 February 2026

270,923

NET BOOK VALUE

At 28 February 2026

161,135

At 28 February 2025

217,949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Trade debtors

25,622

21,282

Amounts recoverable on contract

100,822

166,381

Other debtors

38,184

31,228

164,628

218,891

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Hire purchase contracts (see note 9)

30,046

38,973

Trade creditors

1,734

9,453

Taxation and social security

2,353

9,641

Other creditors

468,637

396,325

502,770

454,392

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/26

28/2/25

£

£

Hire purchase contracts (see note 9)

6,114

48,796

Other creditors

119,126

-

125,240

48,796

8.

LOANS

An analysis of the maturity of loans is given below:

28/2/26

28/2/25

£

£

Amounts falling due within one year or on demand:

Other loans

90,874

26,262

Amounts falling due between one and two years:

Other loans - 1-2 years

119,126

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

28/2/26

28/2/25

£

£

Net obligations repayable:

Within one year

30,046

38,973

Between one and five years

6,114

48,796

36,160

87,769

10.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/26

28/2/25

£

£

Hire purchase contracts

36,160

87,769

Other Creditor - Finance

-

47,858

Other Loans

210,000

26,262

246,160

161,889

Hire purchase liabilities are secured against the assets to which they relate.

Bank loans and other borrowings totalling £210,000 (2025: £26,267) are advanced to the company without any formal legal charges or fixed and floating security debentures registered over the property or undertakings of the business.

The facility is fully secured by way of a personal guarantee provided jointly and severally by the director(s) of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/26

28/2/25

value:

£

£

4

Ordinary

25p

1

1

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within "Other Creditors", amounts payable within one year, is amounts owed to the company directors and immediate family, totalling £350,184 (2025 - £295,845).

Interest has not been charged on the balances outstanding.