Registered number
04016189
B K Fencing Limited
Filleted Accounts
31 March 2024
B K Fencing Limited
Company Information
Directors
P W Kotwica
Miss R F E Steadman
M J Baggott
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Trading address
The Old Forge
Ross Road
Huntley
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
04016189
B K Fencing Limited
Registered number: 04016189
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 145,160 144,965
Current assets
Stocks 25,000 25,000
Debtors 4 748,925 785,746
Cash at bank and in hand 127,617 53,486
901,542 864,232
Creditors: amounts falling due within one year 5 (258,871) (264,666)
Net current assets 642,671 599,566
Total assets less current liabilities 787,831 744,531
Creditors: amounts falling due after more than one year 6 (21,667) (31,667)
Net assets 766,164 712,864
Capital and reserves
Called up share capital 81 81
Profit and loss account 766,083 712,783
Shareholders' funds 766,164 712,864
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P W Kotwica
Director
Approved by the board on 30 September 2024
B K Fencing Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over four years
Office equipment over four years
Motor vehicles over four years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 17
3 Tangible fixed assets
Plant & machinery Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 270,498 64,619 393,220 728,337
Additions 18,040 2,858 66,350 87,248
Disposals - - (74,746) (74,746)
At 31 March 2024 288,538 67,477 384,824 740,839
Depreciation
At 1 April 2023 192,168 57,374 333,830 583,372
Charge for the year 32,140 3,813 35,767 71,720
On disposals - - (59,413) (59,413)
At 31 March 2024 224,308 61,187 310,184 595,679
Net book value
At 31 March 2024 64,230 6,290 74,640 145,160
At 31 March 2023 78,330 7,245 59,390 144,965
4 Debtors 2024 2023
£ £
Trade debtors 528,054 704,967
Directors loan account 22,210 16,636
Intercompany loan 130,000 -
Other debtors 68,661 64,143
748,925 785,746
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 204,715 214,534
Taxation and social security costs 48,656 44,632
Other creditors 5,500 5,500
258,871 264,666
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,667 31,667
7 Contingent liabilities
No provision is made for deferred taxation of £25,692 relating to accelerated capital allowances because it is unlikely that this will become payable in the foreseeable future.
8 Related party transactions
The company occupies property owned by Chargrove Property Management Limited and paid rent during the year of £30,000 (2022 £25,500).
9 Controlling party
The company is controlled by Mr P W Kotwica.
10 Other information
B K Fencing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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