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REGISTERED NUMBER: 03213525 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BROUGHTON-HALL FENCING LIMITED

BROUGHTON-HALL FENCING LIMITED (REGISTERED NUMBER: 03213525)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BROUGHTON-HALL FENCING LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mr P W Broughton-Hall
Mrs J Broughton-Hall
Mr G P Broughton-Hall





REGISTERED OFFICE: Broughton-Hall Fencing
Mill Lane
Gilmorton
Leicestershire
LE17 5PB





REGISTERED NUMBER: 03213525 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

BROUGHTON-HALL FENCING LIMITED (REGISTERED NUMBER: 03213525)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 92,419 126,238

CURRENT ASSETS
Stocks 2,100 2,100
Debtors 5 254,544 529,993
Cash at bank and in hand 508,660 199,342
765,304 731,435
CREDITORS
Amounts falling due within one year 6 (254,236 ) (354,575 )
NET CURRENT ASSETS 511,068 376,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,487

503,098

CREDITORS
Amounts falling due after more than one
year

7

(6,420

)

(44,641

)

PROVISIONS FOR LIABILITIES (23,100 ) (24,000 )
NET ASSETS 573,967 434,457

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 572,966 433,456
SHAREHOLDERS' FUNDS 573,967 434,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 22 November 2023 and were signed on its behalf by:



Mr G P Broughton-Hall - Director


BROUGHTON-HALL FENCING LIMITED (REGISTERED NUMBER: 03213525)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Broughton-Hall Fencing Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Broughton-Hall Fencing, Mill Lane, Gilmorton, Leicestershire, LE17 5PB and the registered number is 03213525.

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to the
entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% straight line
Motor vehicles - 25% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instruments is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

BROUGHTON-HALL FENCING LIMITED (REGISTERED NUMBER: 03213525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet 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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease are consumed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 119,982 240,982 360,964
Additions 4,580 - 4,580
Disposals - (22,000 ) (22,000 )
At 31 March 2023 124,562 218,982 343,544
DEPRECIATION
At 1 April 2022 80,261 154,465 234,726
Charge for year 12,588 25,811 38,399
Eliminated on disposal - (22,000 ) (22,000 )
At 31 March 2023 92,849 158,276 251,125
NET BOOK VALUE
At 31 March 2023 31,713 60,706 92,419
At 31 March 2022 39,721 86,517 126,238

BROUGHTON-HALL FENCING LIMITED (REGISTERED NUMBER: 03213525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150,036 267,737
Amounts owed by participating interests 91,519 251,571
Other debtors 2,534 -
VAT - 5,103
Prepayments and accrued income 10,455 5,582
254,544 529,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 4,815 4,815
Trade creditors 37,902 193,254
Corporation tax 70,556 35,126
Social security and other taxes 4,943 6,316
VAT 13,054 -
Other creditors 5,014 7,050
Directors' current accounts 115,199 95,614
Accrued expenses 2,753 2,400
254,236 354,575

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 33,406
Hire purchase contracts 6,420 11,235
6,420 44,641