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REGISTERED NUMBER: 04781141 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

TOLWORTH FENCING COMPANY LIMITED

TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOLWORTH FENCING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J P Costello
Mrs D M Costello





SECRETARY: Mrs D M Costello





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 04781141 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,698 91,282

CURRENT ASSETS
Debtors 5 121,396 209,726
Cash at bank 69,340 18,582
190,736 228,308
CREDITORS
Amounts falling due within one year 6 67,047 94,622
NET CURRENT ASSETS 123,689 133,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,387

224,968

CREDITORS
Amounts falling due after more than one
year

7

(27,649

)

(55,480

)

PROVISIONS FOR LIABILITIES 10 (20,273 ) (14,466 )
NET ASSETS 170,465 155,022

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 170,365 154,922
SHAREHOLDERS' FUNDS 170,465 155,022

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

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

TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2024 and were signed on its behalf by:





J P Costello - Director


TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Tolworth Fencing Company 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 represents the invoiced value of sales and work done, excluding value added tax.

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% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 149,160 4,754 81,110 7,356 242,380
Additions 31,999 3,680 36,000 - 71,679
Disposals (48,515 ) - (26,095 ) - (74,610 )
At 31 May 2023 132,644 8,434 91,015 7,356 239,449
DEPRECIATION
At 1 June 2022 80,753 3,706 63,452 3,187 151,098
Charge for year 11,974 709 7,299 626 20,608
Eliminated on disposal (27,932 ) - 977 - (26,955 )
At 31 May 2023 64,795 4,415 71,728 3,813 144,751
NET BOOK VALUE
At 31 May 2023 67,849 4,019 19,287 3,543 94,698
At 31 May 2022 68,407 1,048 17,658 4,169 91,282

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,079
Other debtors 104,647 198,664
Tax 3,415 3,415
VAT 9,794 587
Prepayments 3,540 4,981
121,396 209,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 18,917 21,831
Trade creditors 9,728 13,773
Tax 5 -
Social security and other taxes 100 87
Other creditors 2,675 4,467
Directors' current accounts 25,622 44,464
67,047 94,622

TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 16,801 26,686
Hire purchase contracts (see note 8) 848 18,794
27,649 55,480

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 18,917 21,831
Between one and five years 848 18,794
19,765 40,625

Non-cancellable operating leases
2023 2022
£    £   
Between one and five years 6,001 10,237

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire Purchase 19,765 40,625

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 20,273 14,466

Deferred
tax
£   
Balance at 1 June 2022 14,466
Accelerated capital allowances 5,807
Balance at 31 May 2023 20,273

TOLWORTH FENCING COMPANY LIMITED (REGISTERED NUMBER: 04781141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 June 2022 154,922
Profit for the year 15,443
At 31 May 2023 170,365

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.