Company Registration No. 13667484 (England and Wales)
HASTINGS FENCING LTD
Unaudited accounts
for the year ended 31 October 2023
HASTINGS FENCING LTD
Unaudited accounts
Contents
HASTINGS FENCING LTD
Company Information
for the year ended 31 October 2023
Director
GOURLEY, Carl Robert
Company Number
13667484 (England and Wales)
Registered Office
1 HERON CLOSE
ST. LEONARDS-ON-SEA
TN38 8DX
ENGLAND
Accountants
Bergen Associates (Chartered Certified Accountants)
c/o Perfect Balanced Bookkeeping
Century House, 100 Menzies Rd
Hastings, St Leonards-on-sea
East Sussex
TN38 9BB
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
HASTINGS FENCING LTD
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
HASTINGS FENCING LTD for the year ended
31 October 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of HASTINGS FENCING LTD, as a body, in accordance with the terms of our engagement letter dated 7 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of HASTINGS FENCING LTD and state those matters that we have agreed to state to the Board of Directors of HASTINGS FENCING LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HASTINGS FENCING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HASTINGS FENCING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HASTINGS FENCING LTD. You consider that HASTINGS FENCING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of HASTINGS FENCING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bergen Associates (Chartered Certified Accountants)
Chartered Certified Accountants
c/o Perfect Balanced Bookkeeping
Century House, 100 Menzies Rd
Hastings, St Leonards-on-sea
East Sussex
TN38 9BB
3 November 2023
HASTINGS FENCING LTD
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
13,472
20,125
Creditors: amounts falling due within one year
(14,793)
(11,148)
Net current assets
19,491
8,977
Called up share capital
1
1
Profit and loss account
28,635
8,976
Shareholders' funds
28,636
8,977
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
GOURLEY, Carl Robert
Director
Company Registration No. 13667484
HASTINGS FENCING LTD
Notes to the Accounts
for the year ended 31 October 2023
HASTINGS FENCING LTD is a private company, limited by shares, registered in England and Wales, registration number 13667484. The registered office is 1 HERON CLOSE, ST. LEONARDS-ON-SEA, TN38 8DX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
HASTINGS FENCING LTD
Notes to the Accounts
for the year ended 31 October 2023
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,292
1,547
Taxes and social security
8,914
8,718
Loans from directors
1,995
43
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).