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REGISTERED NUMBER: SC580576 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Falconer Fencing Ltd

Falconer Fencing Ltd (Registered number: SC580576)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Falconer Fencing Ltd (Registered number: SC580576)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,602 12,531

CURRENT ASSETS
Debtors 5 416 896
Cash at bank and in hand 4,502 15,015
4,918 15,911
CREDITORS
Amounts falling due within one year 6 23,279 26,082
NET CURRENT LIABILITIES (18,361 ) (10,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,759

)

2,360

CREDITORS
Amounts falling due after more than one
year

7

-

1,999
NET (LIABILITIES)/ASSETS (5,759 ) 361

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,761 ) 359
(5,759 ) 361

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





M Falconer - Director


Falconer Fencing Ltd (Registered number: SC580576)

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

1. STATUTORY INFORMATION

Falconer Fencing Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC580576. The registered office is Upper Flat, The Cross, Doune, FK16 6BH.

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 represents net invoiced sales in respect of fencing services, excluding value added tax. Sales are recognised at the point at which the service is complete.

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 etc - 25% on reducing balance

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 45,787
Additions 4,395
At 30 November 2023 50,182
DEPRECIATION
At 1 December 2022 33,256
Charge for year 4,324
At 30 November 2023 37,580
NET BOOK VALUE
At 30 November 2023 12,602
At 30 November 2022 12,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 416 896

Falconer Fencing Ltd (Registered number: SC580576)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 1,999 2,000
Taxation and social security - 358
Other creditors 21,280 23,724
23,279 26,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts - 1,999