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REGISTERED NUMBER: 08188939 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 April 2023

for

Heathrow Fencing Limited

Heathrow Fencing Limited (Registered number: 08188939)

Contents of the Financial Statements
For The Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heathrow Fencing Limited

Company Information
For The Year Ended 30 April 2023







DIRECTOR: Mrs C Beach





SECRETARY: Mrs C Beach





REGISTERED OFFICE: 54a Church Road
Ashford
Middlesex
TW15 2TS





REGISTERED NUMBER: 08188939 (England and Wales)





ACCOUNTANTS: Ashwells Associates Limited
Chartered Certified Accountants
54a Church Road
Ashford
Middlesex
TW15 2TS

Heathrow Fencing Limited (Registered number: 08188939)

Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 146,630 167,958
Property, plant and equipment 5 1,588,098 1,572,945
1,734,728 1,740,903

CURRENT ASSETS
Inventories 895,000 968,000
Debtors 6 10,776 8,785
Cash at bank 9,408 1,572
915,184 978,357
CREDITORS
Amounts falling due within one year 7 883,649 815,125
NET CURRENT ASSETS 31,535 163,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,766,263

1,904,135

CREDITORS
Amounts falling due after more than one
year

8

(1,192,180

)

(1,365,479

)

PROVISIONS FOR LIABILITIES (13,768 ) (5,338 )
NET ASSETS 560,315 533,318

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 560,313 533,316
SHAREHOLDERS' FUNDS 560,315 533,318

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

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

The director acknowledges her 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.

Heathrow Fencing Limited (Registered number: 08188939)

Balance Sheet - continued
30 April 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 17 April 2024 and were signed by:





Mrs C Beach - Director


Heathrow Fencing Limited (Registered number: 08188939)

Notes to the Financial Statements
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

Heathrow 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Development costs 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 33% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Inventories 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.


Heathrow Fencing Limited (Registered number: 08188939)

Notes to the Financial Statements - continued
For The Year Ended 30 April 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 30,000 183,287 213,287
AMORTISATION
At 1 May 2022 27,000 18,329 45,329
Charge for year 3,000 18,328 21,328
At 30 April 2023 30,000 36,657 66,657
NET BOOK VALUE
At 30 April 2023 - 146,630 146,630
At 30 April 2022 3,000 164,958 167,958

Heathrow Fencing Limited (Registered number: 08188939)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023


5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2022 1,436,737 61,630 195,836
Additions - - -
Disposals - - -
At 30 April 2023 1,436,737 61,630 195,836
DEPRECIATION
At 1 May 2022 - 23,295 127,951
Charge for year - 3,833 22,402
Eliminated on disposal - - -
At 30 April 2023 - 27,128 150,353
NET BOOK VALUE
At 30 April 2023 1,436,737 34,502 45,483
At 30 April 2022 1,436,737 38,335 67,885

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 179,721 5,058 1,878,982
Additions 65,380 - 65,380
Disposals (28,500 ) - (28,500 )
At 30 April 2023 216,601 5,058 1,915,862
DEPRECIATION
At 1 May 2022 150,310 4,481 306,037
Charge for year 15,230 190 41,655
Eliminated on disposal (19,928 ) - (19,928 )
At 30 April 2023 145,612 4,671 327,764
NET BOOK VALUE
At 30 April 2023 70,989 387 1,588,098
At 30 April 2022 29,411 577 1,572,945

Heathrow Fencing Limited (Registered number: 08188939)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023


5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 135,180
Additions 65,380
Disposals (28,500 )
At 30 April 2023 172,060
DEPRECIATION
At 1 May 2022 109,485
Charge for year 14,004
Eliminated on disposal (19,928 )
At 30 April 2023 103,561
NET BOOK VALUE
At 30 April 2023 68,499
At 30 April 2022 25,695

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 10,776 8,785

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 197,947 187,786
Hire purchase contracts 37,797 25,561
Trade creditors 72,978 68,882
Taxation and social security 173,859 213,289
Other creditors 401,068 319,607
883,649 815,125

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/23 30/4/22
£    £   
Bank loans 1,146,396 1,330,005
Hire purchase contracts 45,784 35,474
1,192,180 1,365,479

Heathrow Fencing Limited (Registered number: 08188939)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/4/23 30/4/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 709,581

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/23 30/4/22
£    £   
Bank loans - 989,806

Bank loans are secured on the assets of the company by way of fixed and floating charge and contains negative pledge.