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REGISTERED NUMBER: 04770808 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

BS CITY FENCING CONTRACTS LIMITED

BS CITY FENCING CONTRACTS LIMITED (REGISTERED NUMBER: 04770808)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BS CITY FENCING CONTRACTS LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: A N Pearson
Mrs S M Pearson





SECRETARY: Mrs S M Pearson





REGISTERED OFFICE: Ossington Chambers
6/8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04770808 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

BS CITY FENCING CONTRACTS LIMITED (REGISTERED NUMBER: 04770808)

BALANCE SHEET
31st May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,550 28,946

CURRENT ASSETS
Stocks 7,400 10,120
Debtors 5 52,481 82,679
Cash at bank and in hand 33,967 21,046
93,848 113,845
CREDITORS
Amounts falling due within one year 6 51,089 61,628
NET CURRENT ASSETS 42,759 52,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,309

81,163

CREDITORS
Amounts falling due after more than one
year

7

(43,895

)

(27,750

)

PROVISIONS FOR LIABILITIES 9 (10,935 ) (5,500 )
NET ASSETS 45,479 47,913

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 45,279 47,713
SHAREHOLDERS' FUNDS 45,479 47,913

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

BS CITY FENCING CONTRACTS LIMITED (REGISTERED NUMBER: 04770808)

BALANCE SHEET - continued
31st May 2023


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 20th November 2023 and were signed on its behalf by:




Mrs S M Pearson - Director



A N Pearson - Director


BS CITY FENCING CONTRACTS LIMITED (REGISTERED NUMBER: 04770808)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

BS City Fencing Contracts 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BS CITY FENCING CONTRACTS LIMITED (REGISTERED NUMBER: 04770808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2022 35,430 1,627 68,019 3,093 108,169
Additions - - 42,035 - 42,035
Disposals - - (21,995 ) - (21,995 )
At 31st May 2023 35,430 1,627 88,059 3,093 128,209
DEPRECIATION
At 1st June 2022 32,126 1,114 43,672 2,311 79,223
Charge for year 825 128 9,371 258 10,582
Eliminated on disposal - - (19,146 ) - (19,146 )
At 31st May 2023 32,951 1,242 33,897 2,569 70,659
NET BOOK VALUE
At 31st May 2023 2,479 385 54,162 524 57,550
At 31st May 2022 3,304 513 24,347 782 28,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 47,395 80,666
Amounts owed by participating interests 3,190 -
Tax 629 -
Prepayments 1,267 2,013
52,481 82,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 6,559 -
Trade creditors 28,226 27,819
Tax 4,878 15,186
Social security and other taxes 614 5,264
Directors' current accounts 12 2,659
Accrued expenses 1,800 1,700
51,089 61,628

BS CITY FENCING CONTRACTS LIMITED (REGISTERED NUMBER: 04770808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loan 18,750 27,750
Hire purchase contracts 25,145 -
43,895 27,750

The bank loan is from Lloyds Bank PLC under the government Bounce Back Loan Scheme by an agreement dated 25th June 2020. The length of the loan is six years. The loan is due to be repaid by May 2026. There is no interest to pay for the first twelve month. After twelve months the interest rate will be 2.5% per year.

8. SECURED DEBTS

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Hire purchase contracts 31,704 -

The hire purchase contracts are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31/5/23 31/5/22
£    £   
Deferred tax 10,935 5,500

Deferred
tax
£   
Balance at 1st June 2022 5,500
Advance Capital Allowances 5,435
Balance at 31st May 2023 10,935

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
100 Ordinary voting £1 100 100
100 'B' Ordinary non-voting £1 100 100
200 200