ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 July 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 04038978

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JULY 2025

	S & K SCAFFOLDING LIMITED


S & K SCAFFOLDING LIMITED

COMPANY INFORMATION

Directors	Mr J P Sweeney
	Mr C J Sweeney
	Mr K P Sweeney


Company secretary	Mrs C R Tarvin


Registered number	04038978


Registered office	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Trading Address	Lotus House
	Deer Park Farm Industrial Estate
	Knowle Lane, Fair Oak
	Eastleigh
	Hampshire
	SO50 7DZ



Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


S & K SCAFFOLDING LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


S & K SCAFFOLDING LIMITED REGISTERED NUMBER:04038978

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		284,444		1,391,350
			284,444		1,391,350
Current assets
Debtors: amounts falling due within one year	5	2,822,376		2,465,295
Cash at bank and in hand		387,562		239,462
		3,209,938		2,704,757
Creditors: amounts falling due within one year	6	(316,349)		(434,160)
Net current assets			2,893,589		2,270,597
Total assets less current liabilities			3,178,033		3,661,947
Provisions for liabilities
Deferred tax		(71,112)		(88,075)
			(71,112)		(88,075)
Net assets			3,106,921		3,573,872

Page 1


S & K SCAFFOLDING LIMITED REGISTERED NUMBER:04038978

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	1,006	1,006
Share premium account	525	525
Capital redemption reserve	1,001	1,001
Profit and loss account	3,104,389	3,571,340
	3,106,921	3,573,872

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr C J Sweeney

Director

Date: 14 November 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


S & K SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

S & K Scaffolding Limited is a private company limited by shares and registered in England and Wales. The
company's registered office, registered number and trading address are included on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


S & K SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	15%	reducing balance

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


S & K SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 27 (2024 - 48).

Page 5


S & K SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 August 2024	1,039,051	1,011,185	408,178	63,085	2,521,499
Additions	-	-	21,495	5,029	26,524
Disposals	(1,039,051)	-	(14,995)	-	(1,054,046)
At 31 July 2025	-	1,011,185	414,678	68,114	1,493,977
Depreciation
At 1 August 2024	-	847,647	249,199	33,303	1,130,149
Charge for the year on owned assets	-	40,887	44,070	5,223	90,180
Disposals	-	-	(10,796)	-	(10,796)
At 31 July 2025	-	888,534	282,473	38,526	1,209,533
Net book value
At 31 July 2025	-	122,651	132,205	29,588	284,444
At 31 July 2024	1,039,051	163,538	158,979	29,782	1,391,350

Debtors

					2025	2024
					£	£


Trade debtors	425,655	470,566
Amounts owed by group undertakings	2,327,623	1,926,623
Other debtors	27,158	18,669
Prepayments and accrued income	41,940	49,437
	2,822,376	2,465,295

Page 6


S & K SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	103,935	78,592
Corporation tax	84,090	135,120
Other taxation and social security	19,670	20,516
Other creditors	51,092	135,570
Accruals and deferred income	57,562	64,362
	316,349	434,160

Not later than 1 year	4,618	7,510
Later than 1 year and not later than 5 years	5,387	10,005
	10,005	17,515

8.	Related party transactions
	Included within other creditors were amounts owed to the directors totalling £Nil (2024 - £127,690). These amounts are unsecured, undated and interest free.

Page 7