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REGISTERED NUMBER: 05994316 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Fencehouses Truss Company Limited

Fencehouses Truss Company Limited (Registered number: 05994316)






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


Fencehouses Truss Company Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S R Brown
S Harris





REGISTERED OFFICE: Blackthorn Way
Sedgeletch Industrial Estate
Fence Houses
Houghton le Spring
Tyne and Wear
DH4 6JW





REGISTERED NUMBER: 05994316 (England and Wales)





ACCOUNTANT: Brian Thurlbeck
Chartered Accountant
33 Beechwood Terrace
Sunderland
SR2 7LY

Fencehouses Truss Company Limited (Registered number: 05994316)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,118,312 484,768

CURRENT ASSETS
Stocks 5 295,714 307,610
Debtors 6 1,125,960 1,244,675
Cash at bank and in hand 98,811 67,753
1,520,485 1,620,038
CREDITORS
Amounts falling due within one year 7 (1,112,047 ) (1,043,334 )
NET CURRENT ASSETS 408,438 576,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,526,750

1,061,472

CREDITORS
Amounts falling due after more than one
year

8

(349,583

)

(188,274

)

PROVISIONS FOR LIABILITIES (146,106 ) (83,286 )
NET ASSETS 1,031,061 789,912

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,031,058 789,909
SHAREHOLDERS' FUNDS 1,031,061 789,912

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.

Fencehouses Truss Company Limited (Registered number: 05994316)

Balance Sheet - continued
30 November 2023


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 21 August 2024 and were signed on its behalf by:




S R Brown - Director



S Harris - Director


Fencehouses Truss Company Limited (Registered number: 05994316)

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

1. STATUTORY INFORMATION

Fencehouses Truss Company 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% 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 Income Statement, 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.

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.

Fencehouses Truss Company Limited (Registered number: 05994316)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 - 713,133 142,292
Additions 490,666 92,838 111,012
Disposals - - -
At 30 November 2023 490,666 805,971 253,304
DEPRECIATION
At 1 December 2022 - 422,880 70,560
Charge for year - 72,565 43,750
Eliminated on disposal - - -
At 30 November 2023 - 495,445 114,310
NET BOOK VALUE
At 30 November 2023 490,666 310,526 138,994
At 30 November 2022 - 290,253 71,732

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 217,491 25,543 1,098,459
Additions 115,255 19,929 829,700
Disposals (45,000 ) - (45,000 )
At 30 November 2023 287,746 45,472 1,883,159
DEPRECIATION
At 1 December 2022 100,282 19,969 613,691
Charge for year 52,995 6,375 175,685
Eliminated on disposal (24,529 ) - (24,529 )
At 30 November 2023 128,748 26,344 764,847
NET BOOK VALUE
At 30 November 2023 158,998 19,128 1,118,312
At 30 November 2022 117,209 5,574 484,768

Included in cost of land and buildings is freehold land of £ 100,000 (2022 - £ 0 ) which is not depreciated.

Fencehouses Truss Company Limited (Registered number: 05994316)

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

5. STOCKS
2023 2022
£    £   
Stocks 115,783 127,679
Stock of properties 179,931 179,931
295,714 307,610

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,020,503 979,365
Amounts owed by associates 33,729 90,492
Amounts recoverable on contracts 34,978 172,436
Directors' current accounts 25,303 -
Prepayments 11,447 2,382
1,125,960 1,244,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,270 48,270
Hire purchase contracts 30,117 30,117
Trade creditors 568,974 386,970
Credit card 9,915 4,973
Tax 106,725 106,443
Social security and other taxes 51,828 33,455
VAT 84,251 54,738
Amount advanced by factoring company 186,705 337,890
Directors' current accounts - 2,175
Accrued expenses 25,262 38,303
1,112,047 1,043,334

Trade debtors are assigned to a factoring company, the amount included above has been advanced to the company on account of trade debtors included above in current assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Supplier loan 1-2 years - 38,270
Bank loans - 2-5 years 5,000 15,000
Supplier loan 2-5 years - 73,504
Bank loans more 5 yr by instal 279,837 -
Hire purchase contracts 54,746 51,500
349,583 188,274

Fencehouses Truss Company Limited (Registered number: 05994316)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 279,837 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 343,107 -
Advanced by Factoring Co 186,705 337,890
529,812 337,890

Trade debtors have been assigned to a factoring company as security for amounts advanced to Fencehouses Truss Company Limited.

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:

2023 2022
£    £   
S Harris
Balance outstanding at start of year - (3,492 )
Amounts advanced 12,564 3,492
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,564 -

S R Brown
Balance outstanding at start of year - -
Amounts advanced 12,739 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,739 -

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £167,606 (2022 - £27,000) were paid to the directors .

Fencehouses Truss Company Limited (Registered number: 05994316)

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

11. RELATED PARTY DISCLOSURES - continued

Rent of £33,800, (2021 - £33,800) is paid at a commercial rate to S R Brown, owner of the company's main operating premises.






12. ULTIMATE CONTROLLING PARTY

The controlling party is S R Brown.

The ultimate controlling party is S R Brown.