Registered number
12524399
Danbury Fencing Installations Limited
Filleted Accounts
31 March 2023
Danbury Fencing Installations Limited
Registered number: 12524399
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 43,379 25,527
Current assets
Debtors 4 31,289 47,865
Cash at bank and in hand 61,880 61,571
93,169 109,436
Creditors: amounts falling due within one year 5 (50,127) (64,369)
Net current assets 43,042 45,067
Net assets 86,421 70,594
Capital and reserves
Called up share capital 100 100
Profit and loss account 86,321 70,494
Shareholders' funds 86,421 70,594
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A M McLaughlin
Director
Approved by the board on 29 June 2023
Danbury Fencing Installations Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 1,683 34,404 36,087
Additions - 32,500 32,500
At 31 March 2023 1,683 66,904 68,587
Depreciation
At 1 April 2022 704 9,856 10,560
Charge for the year 386 14,262 14,648
At 31 March 2023 1,090 24,118 25,208
Net book value
At 31 March 2023 593 42,786 43,379
At 31 March 2022 979 24,548 25,527
4 Debtors 2023 2022
£ £
Trade debtors 31,289 47,865
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 21,177 14,313
Taxation and social security costs 16,445 31,031
Other creditors 12,505 19,025
50,127 64,369
6 Other information
Danbury Fencing Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tyndales Farm
Southend Road
Woodham Mortimer
Maldon, Essex
CM9 6TQ
Danbury Fencing Installations Limited 12524399 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 A M McLaughlin No description of principal activity 12524399 2021-04-01 2022-03-31 12524399 core:WithinOneYear 2022-03-31 12524399 core:ShareCapital 2022-03-31 12524399 core:RetainedEarningsAccumulatedLosses 2022-03-31 12524399 2022-04-01 2023-03-31 12524399 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12524399 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12524399 bus:Director40 2022-04-01 2023-03-31 12524399 1 2022-04-01 2023-03-31 12524399 2 2022-04-01 2023-03-31 12524399 core:PlantMachinery 2022-04-01 2023-03-31 12524399 core:Vehicles 2022-04-01 2023-03-31 12524399 countries:England 2022-04-01 2023-03-31 12524399 bus:FRS102 2022-04-01 2023-03-31 12524399 bus:FullAccounts 2022-04-01 2023-03-31 12524399 2023-03-31 12524399 core:WithinOneYear 2023-03-31 12524399 core:ShareCapital 2023-03-31 12524399 core:RetainedEarningsAccumulatedLosses 2023-03-31 12524399 core:PlantMachinery 2023-03-31 12524399 core:Vehicles 2023-03-31 12524399 2022-03-31 12524399 core:PlantMachinery 2022-03-31 12524399 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure