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Company Registration No. 05176006 (England and Wales)
Forshaws Fencing Limited Unaudited accounts for the year ended 31 July 2024
Forshaws Fencing Limited Unaudited accounts Contents
Page
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Forshaws Fencing Limited Company Information for the year ended 31 July 2024
Directors
Mr P.C. Forshaw Mrs A.T. Forshaw
Company Number
05176006 (England and Wales)
Registered Office
Unit 1, Sutherland Street Swinton Manchester M27 6AT United Kingdom
Accountants
Accology Limited Bolton Arena Arena Approach Horwich Lancashire BL6 6LB
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Forshaws Fencing Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
30,000 
Tangible assets
174,102 
85,973 
189,102 
115,973 
Current assets
Inventories
2,500 
2,499 
Debtors
336,260 
252,361 
Cash at bank and in hand
303,796 
349,355 
642,556 
604,215 
Creditors: amounts falling due within one year
(492,553)
(495,580)
Net current assets
150,003 
108,635 
Total assets less current liabilities
339,105 
224,608 
Creditors: amounts falling due after more than one year
(30,099)
(40,511)
Net assets
309,006 
184,097 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
308,906 
183,997 
Shareholders' funds
309,006 
184,097 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Mrs A.T. Forshaw Director Company Registration No. 05176006
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Forshaws Fencing Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Forshaws Fencing Limited is a private company, limited by shares, registered in England and Wales, registration number 05176006. The registered office is Unit 1, Sutherland Street, Swinton, Manchester, M27 6AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% pa reducing balance
Motor vehicles
25% pa reducing balance
Fixtures & fittings
15% pa reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
300,000 
At 31 July 2024
300,000 
Amortisation
At 1 August 2023
270,000 
Charge for the year
15,000 
At 31 July 2024
285,000 
Net book value
At 31 July 2024
15,000 
At 31 July 2023
30,000 
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Forshaws Fencing Limited Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
16,265 
186,906 
5,809 
2,687 
211,667 
Additions
649 
116,163 
8,934 
1,999 
127,745 
Disposals
- 
(34,000)
- 
- 
(34,000)
At 31 July 2024
16,914 
269,069 
14,743 
4,686 
305,412 
Depreciation
At 1 August 2023
3,165 
116,344 
5,030 
1,155 
125,694 
Charge for the year
2,062 
33,337 
1,457 
1,177 
38,033 
On disposals
- 
(32,417)
- 
- 
(32,417)
At 31 July 2024
5,227 
117,264 
6,487 
2,332 
131,310 
Net book value
At 31 July 2024
11,687 
151,805 
8,256 
2,354 
174,102 
At 31 July 2023
13,100 
70,562 
779 
1,532 
85,973 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,895 
17,366 
Trade debtors
318,365 
234,995 
336,260 
252,361 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,013 
9,440 
Obligations under finance leases and hire purchase contracts
17,500 
7,420 
Trade creditors
291,688 
288,397 
Taxes and social security
48,232 
61,587 
Other creditors
- 
4,412 
Accruals
125,120 
124,324 
492,553 
495,580 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,990 
18,697 
Obligations under finance leases and hire purchase contracts
21,109 
21,814 
30,099 
40,511 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Forshaws Fencing Limited Notes to the Accounts for the year ended 31 July 2024
10
Average number of employees
During the year the average number of employees was 18 (2023: 18).
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