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REGISTERED NUMBER: 07722422 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Eaton Fencing Specialists Limited

Eaton Fencing Specialists Limited (Registered number: 07722422)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eaton Fencing Specialists Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr L P Eaton





REGISTERED OFFICE: First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ





REGISTERED NUMBER: 07722422 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Eaton Fencing Specialists Limited (Registered number: 07722422)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,409 -
Tangible assets 5 36,901 40,506
44,310 40,506

CURRENT ASSETS
Stocks 53,600 64,500
Debtors 6 156,770 142,477
Cash at bank 281,541 307,801
491,911 514,778
CREDITORS
Amounts falling due within one year 7 174,682 239,161
NET CURRENT ASSETS 317,229 275,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,539

316,123

CREDITORS
Amounts falling due after more than one
year

8

(19,567

)

(29,484

)

PROVISIONS FOR LIABILITIES (7,011 ) (7,696 )
NET ASSETS 334,961 278,943

Eaton Fencing Specialists Limited (Registered number: 07722422)

Balance Sheet - continued
31 July 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 334,960 278,942
SHAREHOLDERS' FUNDS 334,961 278,943

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

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

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 12 March 2024 and were signed by:





Mr L P Eaton - Director


Eaton Fencing Specialists Limited (Registered number: 07722422)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Eaton Fencing Specialists 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 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.


Eaton Fencing Specialists Limited (Registered number: 07722422)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 7,409
At 31 July 2023 7,409
NET BOOK VALUE
At 31 July 2023 7,409

Eaton Fencing Specialists Limited (Registered number: 07722422)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 101,571 4,524 106,095
Additions 12,500 - 12,500
At 31 July 2023 114,071 4,524 118,595
DEPRECIATION
At 1 August 2022 61,878 3,711 65,589
Charge for year 15,777 328 16,105
At 31 July 2023 77,655 4,039 81,694
NET BOOK VALUE
At 31 July 2023 36,416 485 36,901
At 31 July 2022 39,693 813 40,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,137 72,622
Other debtors 708 708
VAT 21,865 41,636
Prepayments 15,060 27,511
156,770 142,477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,600 9,600
Trade creditors 111,958 179,933
Tax 35,899 35,494
Social security and other taxes 4,649 2,105
Pensions creditor 630 457
Other creditors 180 -
Directors' current accounts 3,524 4,313
Accrued expenses 8,242 7,259
174,682 239,161

Eaton Fencing Specialists Limited (Registered number: 07722422)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 19,567 29,484

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 August 2022 278,942
Profit for the year 130,518
Dividends (74,500 )
At 31 July 2023 334,960