IRIS Accounts Production v23.3.0.418 01402416 Board of Directors 1.1.22 31.12.22 31.12.22 7/12/2023 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014024162021-12-31014024162022-12-31014024162022-01-012022-12-31014024162020-12-31014024162021-01-012021-12-31014024162021-12-3101402416ns10:Originalns15:EnglandWales2022-01-012022-12-3101402416ns14:PoundSterlingns10:Original2022-01-012022-12-3101402416ns10:Originalns10:Director12022-01-012022-12-3101402416ns10:Original2022-01-012022-12-3101402416ns10:Original2022-12-3101402416ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3101402416ns10:Originalns10:SmallEntities2022-01-012022-12-3101402416ns10:Originalns10:Audited2022-01-012022-12-3101402416ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3101402416ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3101402416ns10:Originalns10:AbridgedAccounts2022-01-012022-12-3101402416ns10:Originalns10:Director22022-01-012022-12-3101402416ns10:Originalns10:Director32022-01-012022-12-3101402416ns10:Originalns10:Director42022-01-012022-12-3101402416ns10:Originalns10:Director52022-01-012022-12-3101402416ns10:CompanySecretary1ns10:Original2022-01-012022-12-3101402416ns10:Originalns10:RegisteredOffice2022-01-012022-12-3101402416ns10:Original2021-12-3101402416ns10:Originalns5:CurrentFinancialInstruments2022-12-3101402416ns10:Originalns5:CurrentFinancialInstruments2021-12-3101402416ns5:ShareCapitalns10:Original2022-12-3101402416ns5:ShareCapitalns10:Original2021-12-3101402416ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3101402416ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3101402416ns10:Originalns5:PlantMachinery2022-01-012022-12-3101402416ns10:Original2021-01-012021-12-3101402416ns10:Original2021-12-3101402416ns10:Originalns5:DeferredTaxation2021-12-3101402416ns10:Originalns5:DeferredTaxation2022-01-012022-12-3101402416ns10:Originalns5:DeferredTaxation2022-12-3101402416ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3101402416ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-31
REGISTERED NUMBER: 01402416 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

WEATHERLEY FENCING CONTRACTORS LIMITED

WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31st December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WEATHERLEY FENCING CONTRACTORS LIMITED

COMPANY INFORMATION
for the year ended 31st December 2022







DIRECTORS: K E Weatherley
Mrs J Weatherley
Mrs D Roscoe
D Roscoe
P Roscoe





SECRETARY: Mrs J Weatherley





REGISTERED OFFICE: 135 North Cray Road
Sidcup
Kent
DA14 5HE





REGISTERED NUMBER: 01402416 (England and Wales)





AUDITORS: Chegwidden & Co
Statutory Auditors
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416)

ABRIDGED BALANCE SHEET
31st December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,051 169,621

CURRENT ASSETS
Stocks 761,793 886,091
Debtors 142,638 397,336
Cash at bank and in hand 497,650 281,478
1,402,081 1,564,905
CREDITORS
Amounts falling due within one year 313,484 397,910
NET CURRENT ASSETS 1,088,597 1,166,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251,648

1,336,616

PROVISIONS FOR LIABILITIES 5 30,627 32,228
NET ASSETS 1,221,021 1,304,388

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 6 1,171,021 1,254,388
SHAREHOLDERS' FUNDS 1,221,021 1,304,388

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31st December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 7th December 2023 and were signed on its behalf by:





Mrs D Roscoe - Director


WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st December 2022

1. STATUTORY INFORMATION

Weatherley Fencing Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 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.

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
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.

WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st December 2022

2. ACCOUNTING POLICIES - continued

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 17 (2021 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2022 437,997
Additions 40,284
At 31st December 2022 478,281
DEPRECIATION
At 1st January 2022 268,376
Charge for year 46,854
At 31st December 2022 315,230
NET BOOK VALUE
At 31st December 2022 163,051
At 31st December 2021 169,621

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st January 2022 60,964
Reclassification/transfer (60,964 )
At 31st December 2022 -
DEPRECIATION
At 1st January 2022 31,673
Charge for year 7,323
Reclassification/transfer (38,996 )
At 31st December 2022 -
NET BOOK VALUE
At 31st December 2022 -
At 31st December 2021 29,291

5. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 30,627 32,228

WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st December 2022

5. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2022 32,228
Provided during year (1,601 )
Balance at 31st December 2022 30,627

6. RESERVES
Retained
earnings
£   

At 1st January 2022 1,254,388
Deficit for the year (83,367 )
At 31st December 2022 1,171,021

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Harris (Senior Statutory Auditor)
for and on behalf of Chegwidden & Co

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature, our auditors provide general tax advice and assist us in the preparation of the financial statements and in the preparation and submission of returns to the tax authorities.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K E Weatherley.

The shares owned by him and his family give them the majority ownership of the issued ordinary share capital of the company.