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REGISTERED NUMBER: 06438562 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

IGS Fencing Limited

IGS Fencing Limited (Registered number: 06438562)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IGS Fencing Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Justin Jeffery
Elsbeth Jeffery
Romano Guiseppe Ricci





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 06438562 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

IGS Fencing Limited (Registered number: 06438562)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,010 46,101
47,010 46,101

CURRENT ASSETS
Stocks 15,445 17,158
Debtors 6 51,817 101,716
Cash at bank 95,893 62,146
163,155 181,020
CREDITORS
Amounts falling due within one year 7 105,170 110,817
NET CURRENT ASSETS 57,985 70,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,995

116,304

CREDITORS
Amounts falling due after more than
one year

8

(7,433

)

(18,442

)

PROVISIONS FOR LIABILITIES (10,427 ) (8,759 )
NET ASSETS 87,135 89,103

IGS Fencing Limited (Registered number: 06438562)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 130 130
Retained earnings 87,005 88,973
SHAREHOLDERS' FUNDS 87,135 89,103

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 18 August 2024 and were signed on its behalf by:




Elsbeth Jeffery - Director Justin Jeffery - Director




Romano Guiseppe Ricci - Director


IGS Fencing Limited (Registered number: 06438562)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

IGS 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
Turnover 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 2007, is being amortised evenly over its estimated useful life of five 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.

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 - 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.


IGS Fencing Limited (Registered number: 06438562)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 5,000
AMORTISATION
At 1 December 2022
and 30 November 2023 5,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

IGS Fencing Limited (Registered number: 06438562)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 134,540
Additions 21,301
Disposals (31,190 )
At 30 November 2023 124,651
DEPRECIATION
At 1 December 2022 88,439
Charge for year 15,671
Eliminated on disposal (26,469 )
At 30 November 2023 77,641
NET BOOK VALUE
At 30 November 2023 47,010
At 30 November 2022 46,101

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

Plant and
machinery
etc
£   
COST
At 1 December 2022 85,685
Disposals (31,190 )
Transfer to ownership (11,000 )
At 30 November 2023 43,495
DEPRECIATION
At 1 December 2022 44,389
Charge for year 8,678
Eliminated on disposal (26,469 )
Transfer to ownership (8,390 )
At 30 November 2023 18,208
NET BOOK VALUE
At 30 November 2023 25,287
At 30 November 2022 41,296

IGS Fencing Limited (Registered number: 06438562)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 48,800 90,556
Other debtors 3,017 11,160
51,817 101,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 11,010 11,657
Trade creditors 18,835 22,365
Taxation and social security 63,670 66,550
Other creditors 11,655 10,245
105,170 110,817

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 7,433 18,442

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100
10 A Class £1 10 10
10 B Class £1 10 10
10 C Class £1 10 10
130 130

IGS Fencing Limited (Registered number: 06438562)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Justin Jeffery and Elsbeth Jeffery
Balance outstanding at start of year (6,823 ) (60 )
Amounts advanced (52,500 ) -
Amounts repaid 53,183 (6,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,140 ) (6,823 )

Romano Guiseppe Ricci
Balance outstanding at start of year 9,843 33,136
Amounts advanced (52,500 ) (23,293 )
Amounts repaid 40,766 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,891 ) 9,843

Included in creditors is an amount due to the Directors as above. This loan is undated , unsecured and .interest free.

11. ULTIMATE CONTROLLING PARTY

No one has a controlling interest in the company.