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REGISTERED NUMBER: 04665932 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A & P Fencing (UK) Limited

A & P Fencing (UK) Limited (Registered number: 04665932)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

A & P Fencing (UK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Milner
Mrs H J Milner





SECRETARY: Mrs H J Milner





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 04665932 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

A & P Fencing (UK) Limited (Registered number: 04665932)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,413,023 1,214,526
Investment property 5 203,384 -
1,616,407 1,214,526

CURRENT ASSETS
Stocks 155,533 395,115
Debtors 6 2,700,919 1,822,666
Cash at bank 1,251,154 572,784
4,107,606 2,790,565
CREDITORS
Amounts falling due within one year 7 (2,229,701 ) (1,347,646 )
NET CURRENT ASSETS 1,877,905 1,442,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,494,312

2,657,445

CREDITORS
Amounts falling due after more than one
year

8

(359,897

)

(385,520

)
NET ASSETS 3,134,415 2,271,925

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,134,413 2,271,923
SHAREHOLDERS' FUNDS 3,134,415 2,271,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

A & P Fencing (UK) Limited (Registered number: 04665932)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





A J Milner - Director


A & P Fencing (UK) Limited (Registered number: 04665932)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A & P Fencing (UK) 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
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.
Freehold property - No depreciation
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation has been provided on the company's freehold properties in the opinion of the directors the expected useful life is sufficiently long and estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

A & P Fencing (UK) Limited (Registered number: 04665932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Government grants
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 819,327 521,887 658,015 1,999,229
Additions - 417,800 134,457 552,257
Disposals - - (48,805 ) (48,805 )
Reclassification/transfer (203,384 ) - - (203,384 )
At 31 March 2024 615,943 939,687 743,667 2,299,297
DEPRECIATION
At 1 April 2023 - 417,704 366,999 784,703
Charge for year - 48,823 83,973 132,796
Eliminated on disposal - - (31,225 ) (31,225 )
At 31 March 2024 - 466,527 419,747 886,274
NET BOOK VALUE
At 31 March 2024 615,943 473,160 323,920 1,413,023
At 31 March 2023 819,327 104,183 291,016 1,214,526

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 203,384
At 31 March 2024 203,384
NET BOOK VALUE
At 31 March 2024 203,384

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,606,445 1,041,492
Amounts owed by associates 1,038,781 781,174
Other debtors 55,693 -
2,700,919 1,822,666

A & P Fencing (UK) Limited (Registered number: 04665932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 54,815 54,815
Trade creditors 1,424,951 919,679
Taxation and social security 507,555 222,822
Other creditors 242,380 150,330
2,229,701 1,347,646

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 359,897 385,520

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,637 166,260

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 414,712 440,335

The bank loans are secured on the company's freehold property.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A & P Fencing (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & P Fencing (UK) Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A & P Fencing (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & P Fencing (UK) Limited and state those matters that we have agreed to state to the Board of Directors of A & P Fencing (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & P Fencing (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & P Fencing (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & P Fencing (UK) Limited. You consider that A & P Fencing (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & P Fencing (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


3 July 2024