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REGISTERED NUMBER: 03265659 (England and Wales)












ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

B B FENCING LIMITED

B B FENCING LIMITED (REGISTERED NUMBER: 03265659)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


B B FENCING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: B E Blagg
Mrs N Rose



SECRETARY: Mrs N Rose



REGISTERED OFFICE: Foxley Farm
Kites Hardwick
Rugby
Warwickshire
CV23 8AB



REGISTERED NUMBER: 03265659 (England and Wales)



AUDITORS: Harrison Beale & Owen Limited
Chartered Accountants and Statutory Auditors
Seven Stars House
1 Wheler Road
Coventry
CV3 4LB



BANKERS: National Westminster Bank Plc
9 North Street
Rugby
Warwickshire
CV21 2AB

B B FENCING LIMITED (REGISTERED NUMBER: 03265659)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,300 1,300

CURRENT ASSETS
Stocks 950,271 883,474
Debtors 1,427,618 1,643,715
Cash at bank 836,541 1,035,355
3,214,430 3,562,544
CREDITORS
Amounts falling due within one year 2,259,442 2,612,645
NET CURRENT ASSETS 954,988 949,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,288

951,199

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 956,286 951,197
SHAREHOLDERS' FUNDS 956,288 951,199

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2024 and were signed on its behalf by:





Mrs N Rose - Director


B B FENCING LIMITED (REGISTERED NUMBER: 03265659)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

B B Fencing 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.

B B FENCING LIMITED (REGISTERED NUMBER: 03265659)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1,300
NET BOOK VALUE
At 31 December 2023 1,300
At 31 December 2022 1,300

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 70,000 70,000
Between one and five years 169,167 239,167
239,167 309,167

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Amounts owed to parent company 1,384,564 1,100,069

Amounts due to the parent undertaking, Foxley Holdings Limited, are secured by way of a debenture dated 9 August 2011 giving a fixed and floating charge on all the assets of the company.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Gutteridge (Senior Statutory Auditor)
for and on behalf of Harrison Beale & Owen Limited

8. PENSION COMMITMENTS

At the year end, there were pension contributions outstanding of £3,060 (2022 - £95).

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.