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REGISTERED NUMBER: 04008884 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ASTLEY FENCING LIMITED

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTLEY FENCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D W Hill





SECRETARY: Peter Hill





REGISTERED OFFICE: 60 Dunton Road
Broughton Astley
Leicestershire
LE9 6NB





REGISTERED NUMBER: 04008884 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 455,914 455,565

CURRENT ASSETS
Stocks 120,000 57,000
Debtors 5 248,262 223,320
Cash at bank and in hand 62,042 177,615
430,304 457,935
CREDITORS
Amounts falling due within one year 6 345,361 396,914
NET CURRENT ASSETS 84,943 61,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,857

516,586

CREDITORS
Amounts falling due after more than one
year

7

(82,024

)

(93,333

)

PROVISIONS FOR LIABILITIES 8 (56,822 ) (72,282 )
NET ASSETS 402,011 350,971

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 402,009 350,969
SHAREHOLDERS' FUNDS 402,011 350,971

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 14 March 2024 and were signed by:





D W Hill - Director


ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Astley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates

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

Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 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.

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

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 NIL (2022 - 1 ).

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

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

4. TANGIBLE FIXED ASSETS
Short Long
leasehold leasehold Equipment
£    £    £   
COST
At 1 July 2022 60,627 91,926 1,030,482
Additions - - 80,308
Disposals - - (35,000 )
At 30 June 2023 60,627 91,926 1,075,790
DEPRECIATION
At 1 July 2022 - - 747,474
Charge for year - - 68,092
Eliminated on disposal - - (25,825 )
At 30 June 2023 - - 789,741
NET BOOK VALUE
At 30 June 2023 60,627 91,926 286,049
At 30 June 2022 60,627 91,926 283,008

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 76,802 - 1,259,837
Additions - 3,446 83,754
Disposals - - (35,000 )
At 30 June 2023 76,802 3,446 1,308,591
DEPRECIATION
At 1 July 2022 56,798 - 804,272
Charge for year 5,001 1,137 74,230
Eliminated on disposal - - (25,825 )
At 30 June 2023 61,799 1,137 852,677
NET BOOK VALUE
At 30 June 2023 15,003 2,309 455,914
At 30 June 2022 20,004 - 455,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 240,262 215,320
Other debtors 8,000 8,000
248,262 223,320

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 15,464
Hire purchase contracts 26,701 -
Trade creditors 65,704 154,822
Tax 838 5,574
Social security and other taxes - 432
VAT 46,058 24,562
Directors' current accounts 195,060 195,060
Accrued expenses 1,000 1,000
345,361 396,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,000 93,333
Hire purchase contracts 62,024 -
82,024 93,333

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 56,822 72,282

Deferred
tax
£   
Balance at 1 July 2022 72,282
Credit to Income Statement during year (15,460 )
Balance at 30 June 2023 56,822

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 July 2022 350,969
Profit for the year 51,040
At 30 June 2023 402,009

ASTLEY FENCING LIMITED (REGISTERED NUMBER: 04008884)

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

11. RELATED PARTY DISCLOSURES

The amount owed to Mr D Hill (director) by the company at 30 June 2023 amounted to £195,060 (2022 £195,060) and is shown in the accounts under creditors in the balance sheet..

12. ULTIMATE CONTROLLING PARTY

Mr D W Hill and Mrs S Hill act together to as the controlling party by reason of their 100% interest in the issued shares of the company. Mr D W Hill is the sole director of the company.