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REGISTERED NUMBER: 11328151 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

M.L. HOWE FENCING LIMITED

M.L. HOWE FENCING LIMITED (REGISTERED NUMBER: 11328151)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.L. HOWE FENCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: M L Howe
K A Howe





REGISTERED OFFICE: 32 Masefield Drive
Rushden
Northamptonshire
NN10 6BH





REGISTERED NUMBER: 11328151 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

M.L. HOWE FENCING LIMITED (REGISTERED NUMBER: 11328151)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,158 46,876

CURRENT ASSETS
Stocks 52,723 38,236
Debtors 5 25,401 13,856
Cash at bank 96,900 62,025
175,024 114,117
CREDITORS
Amounts falling due within one year 6 87,359 55,702
NET CURRENT ASSETS 87,665 58,415
TOTAL ASSETS LESS CURRENT LIABILITIES 122,823 105,291

CREDITORS
Amounts falling due after more than one
year

7

(29,165

)

(39,961

)

PROVISIONS FOR LIABILITIES (6,122 ) (8,226 )
NET ASSETS 87,536 57,104

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 87,436 57,004
SHAREHOLDERS' FUNDS 87,536 57,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

M.L. HOWE FENCING LIMITED (REGISTERED NUMBER: 11328151)

BALANCE SHEET - continued
30TH APRIL 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 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 21st August 2024 and were signed on its behalf by:





M L Howe - Director


M.L. HOWE FENCING LIMITED (REGISTERED NUMBER: 11328151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

M.L. Howe 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

M.L. HOWE FENCING LIMITED (REGISTERED NUMBER: 11328151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023
and 30th April 2024 32,588 58,877 1,071 92,536
DEPRECIATION
At 1st May 2023 9,455 35,388 817 45,660
Charge for year 5,783 5,872 63 11,718
At 30th April 2024 15,238 41,260 880 57,378
NET BOOK VALUE
At 30th April 2024 17,350 17,617 191 35,158
At 30th April 2023 23,133 23,489 254 46,876

The net book value of tangible fixed assets includes £9,691 (2022 - £12,921) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,661 9,425
Other debtors 3,740 4,431
25,401 13,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,787
Hire purchase contracts 10,579 4,181
Trade creditors 27,850 6,389
Taxation and social security 40,269 20,966
Other creditors 8,661 14,379
87,359 55,702

M.L. HOWE FENCING LIMITED (REGISTERED NUMBER: 11328151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,122 29,382
Hire purchase contracts 10,043 10,579
29,165 39,961

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100