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REGISTERED NUMBER: 01984994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

FIELDGUARD LIMITED

FIELDGUARD LIMITED (REGISTERED NUMBER: 01984994)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


FIELDGUARD LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTORS: J Mathews
L M Brooks





REGISTERED OFFICE: Norley Farm
Horsham Road
Cranleigh
Surrey
GU6 8EH





REGISTERED NUMBER: 01984994 (England and Wales)

FIELDGUARD LIMITED (REGISTERED NUMBER: 01984994)

ABRIDGED BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,522 8,289

CURRENT ASSETS
Stocks 55,283 74,676
Debtors 15,133 13,032
Cash at bank and in hand 4,902 3,523
75,318 91,231
CREDITORS
Amounts falling due within one year 150,563 154,262
NET CURRENT LIABILITIES (75,245 ) (63,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,723

)

(54,742

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (68,823 ) (54,842 )
(68,723 ) (54,742 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





J Mathews - Director


FIELDGUARD LIMITED (REGISTERED NUMBER: 01984994)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

Fieldguard 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the director considers to be appropriate, as he has agreed with third-party financing not to withdraw their loan to enable the company to meet its liabilities as they fall due.

Turnover
Turnover represents sales of electric fencing and rubber mats, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements-10% on cost
Office equipment-33% reducing balance
Motor vehicles- 25% reducing balance
Plant and machinery- 25% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

FIELDGUARD LIMITED (REGISTERED NUMBER: 01984994)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022
and 30 April 2023 99,730
DEPRECIATION
At 1 May 2022 91,441
Charge for year 1,767
At 30 April 2023 93,208
NET BOOK VALUE
At 30 April 2023 6,522
At 30 April 2022 8,289

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 11,400 11,400

6. DEFERRED TAX ASSET

No deferred tax asset has been recognised in these financial statements in respect of tax losses. This is due to the uncertainty as to when the asset will be recovered, which will depend upon the company's future taxable profits. There are tax losses carried forward of approximately £230,800 (2022 - £218,600), which if provided for would result in a deferred tax asset of approximately £57,700 (2022 - £41,500).