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LEMON FENCING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

LEMON FENCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: Mrs B J Potton
S.J. Potton



SECRETARY: J F Potton



REGISTERED OFFICE: 103 - 105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL



REGISTERED NUMBER: 04720067 (England and Wales)



ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL



BANKERS: National Westminster Bank Plc
Eastwood Branch
404 Rayleigh Road
Eastwood
Leigh on Sea
Essex
SS9 5BG

LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,103,055 1,136,627
1,103,055 1,136,627

CURRENT ASSETS
Stocks 125,000 180,100
Debtors 6 181,305 112,530
Cash at bank and in hand 147,309 237,145
453,614 529,775
CREDITORS
Amounts falling due within one year 7 414,434 515,317
NET CURRENT ASSETS 39,180 14,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,142,235

1,151,085

CREDITORS
Amounts falling due after more than one
year

8

(355,293

)

(496,246

)

PROVISIONS FOR LIABILITIES (5,667 ) (7,707 )
NET ASSETS 781,275 647,132

LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

BALANCE SHEET - continued
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 350 300
Retained earnings 780,925 646,832
SHAREHOLDERS' FUNDS 781,275 647,132

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

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

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 1st November 2023 and were signed on its behalf by:





Mrs B J Potton - Director


LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Lemon Fencing 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 28,900
AMORTISATION
At 1st May 2022
and 30th April 2023 28,900
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st May 2022 887,733 120,052 65,966
Disposals - - -
At 30th April 2023 887,733 120,052 65,966
DEPRECIATION
At 1st May 2022 - - 40,907
Charge for year - - 6,265
Eliminated on disposal - - -
At 30th April 2023 - - 47,172
NET BOOK VALUE
At 30th April 2023 887,733 120,052 18,794
At 30th April 2022 887,733 120,052 25,059

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2022 51,657 192,229 53,265 1,370,902
Disposals - (53,687 ) - (53,687 )
At 30th April 2023 51,657 138,542 53,265 1,317,215
DEPRECIATION
At 1st May 2022 30,855 124,611 37,902 234,275
Charge for year 5,200 16,867 3,841 32,173
Eliminated on disposal - (52,288 ) - (52,288 )
At 30th April 2023 36,055 89,190 41,743 214,160
NET BOOK VALUE
At 30th April 2023 15,602 49,352 11,522 1,103,055
At 30th April 2022 20,802 67,618 15,363 1,136,627

LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st May 2022 42,000 24,595 66,595
Transfer to ownership - (24,595 ) (24,595 )
At 30th April 2023 42,000 - 42,000
DEPRECIATION
At 1st May 2022 25,010 24,008 49,018
Charge for year 4,248 - 4,248
Transfer to ownership - (24,008 ) (24,008 )
At 30th April 2023 29,258 - 29,258
NET BOOK VALUE
At 30th April 2023 12,742 - 12,742
At 30th April 2022 16,990 587 17,577

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 156,139 83,628
Prepayments 25,166 28,902
181,305 112,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 23,576 27,190
Hire purchase contracts 6,974 7,970
Trade creditors 147,990 277,140
Corporation tax 57,818 39,359
Social security and other taxes 52,404 48,871
Other creditors 21,522 42,930
Director loan account 97,657 64,342
Accrued expenses 3,461 3,472
Deferred government grants 3,032 4,043
414,434 515,317

LEMON FENCING LIMITED (REGISTERED NUMBER: 04720067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 23,576 29,257
Bank loans - 2-5 years 94,304 112,942
Bank loans more than 5 yrs 236,417 346,077
Hire purchase contracts 996 7,970
355,293 496,246

9. SECURED DEBTS

The company bankers hold a legal Charge on the company's Freehold Properties in support of the mortgage advances.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director and company secretary.

LEMON FENCING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
LEMON FENCING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


1st November 2023