IRIS Accounts Production v24.2.0.383 13764798 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137647982023-03-31137647982024-03-31137647982023-04-012024-03-31137647982021-11-24137647982021-11-252023-03-31137647982023-03-3113764798ns15:EnglandWales2023-04-012024-03-3113764798ns14:PoundSterling2023-04-012024-03-3113764798ns10:Director12023-04-012024-03-3113764798ns10:Director22023-04-012024-03-3113764798ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113764798ns10:SmallEntities2023-04-012024-03-3113764798ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113764798ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113764798ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113764798ns10:FullAccounts2023-04-012024-03-311376479812023-04-012024-03-3113764798ns10:OrdinaryShareClass12023-04-012024-03-3113764798ns10:RegisteredOffice2023-04-012024-03-3113764798ns5:CurrentFinancialInstruments2024-03-3113764798ns5:CurrentFinancialInstruments2023-03-3113764798ns5:ShareCapital2024-03-3113764798ns5:ShareCapital2023-03-3113764798ns5:RetainedEarningsAccumulatedLosses2024-03-3113764798ns5:RetainedEarningsAccumulatedLosses2023-03-3113764798ns5:NetGoodwill2023-04-012024-03-3113764798ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113764798ns5:MotorVehicles2023-04-012024-03-3113764798ns5:NetGoodwill2023-03-3113764798ns5:NetGoodwill2024-03-3113764798ns5:NetGoodwill2023-03-3113764798ns5:MotorVehicles2023-03-3113764798ns5:MotorVehicles2024-03-3113764798ns5:MotorVehicles2023-03-3113764798ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113764798ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113764798ns5:DeferredTaxation2023-03-3113764798ns5:DeferredTaxation2023-04-012024-03-3113764798ns5:DeferredTaxation2024-03-3113764798ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 13764798 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

PARK FENCING EASTBOURNE LTD

PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARK FENCING EASTBOURNE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C D Hall
Mrs A J Hall





REGISTERED OFFICE: 53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF





REGISTERED NUMBER: 13764798 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 34,000 46,000
Tangible assets 6 2,829 3,773
36,829 49,773

CURRENT ASSETS
Debtors 7 10,446 11,222
Cash at bank 10,251 5,606
20,697 16,828
CREDITORS
Amounts falling due within one year 8 56,690 60,587
NET CURRENT LIABILITIES (35,993 ) (43,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

836

6,014

PROVISIONS FOR LIABILITIES 9 707 943
NET ASSETS 129 5,071

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 29 4,971
SHAREHOLDERS' FUNDS 129 5,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




Mr C D Hall - Director



Mrs A J Hall - Director


PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Park Fencing Eastbourne Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2022, 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.

Amortisation is provided at the following annual rates:

Goodwill - 20% Straight Line.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023 14,000
Charge for year 12,000
At 31 March 2024 26,000
NET BOOK VALUE
At 31 March 2024 34,000
At 31 March 2023 46,000

PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 5,326
DEPRECIATION
At 1 April 2023 1,553
Charge for year 944
At 31 March 2024 2,497
NET BOOK VALUE
At 31 March 2024 2,829
At 31 March 2023 3,773

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,657 7,055
Other debtors 6,789 4,167
10,446 11,222

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,369 1,749
Corporation tax 21,393 14,895
PAYE and social security 176 -
CIS Tax 1,217 1,325
VAT 9,249 1,205
Directors' current accounts 14,491 38,510
Accruals and deferred income 2,795 2,903
56,690 60,587

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 707 943

PARK FENCING EASTBOURNE LTD (REGISTERED NUMBER: 13764798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 943
Provided during year (236 )
Balance at 31 March 2024 707

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100