Company Registration No. 03166846 (England and Wales)
Farm Fencing Limited
Unaudited accounts
for the year ended 31 December 2023
Farm Fencing Limited
Unaudited accounts
Contents
Farm Fencing Limited
Company Information
for the year ended 31 December 2023
Directors
Jon Matthews
Angela Matthews
Jessica Connelly
Joshua Matthews
Company Number
03166846 (England and Wales)
Registered Office
2a Shelvers Hill
Tadworth
Surrey
KT20 5PU
United Kingdom
Accountants
Books & Business Services Ltd
C/O D M McNaught & Co Ltd
166 Buchanan Street
Glasglow
G1 2LW
Farm Fencing Limited
Accountants' report
Accountants' report to the board of directors of Farm Fencing Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Books & Business Services Ltd
C/O D M McNaught & Co Ltd
166 Buchanan Street
Glasglow
G1 2LW
13 September 2024
Farm Fencing Limited
Statement of financial position
as at 31 December 2023
Tangible assets
67,693
74,264
Inventories
192,999
206,221
Cash at bank and in hand
440,424
517,612
Creditors: amounts falling due within one year
(205,592)
(280,264)
Net current assets
475,013
490,556
Total assets less current liabilities
542,706
564,820
Creditors: amounts falling due after more than one year
(16,652)
(25,833)
Net assets
526,054
538,987
Called up share capital
10,000
10,000
Profit and loss account
516,054
528,987
Shareholders' funds
526,054
538,987
For the year ending 31 December 2023 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 13 September 2024 and were signed on its behalf by
Jon Matthews
Director
Company Registration No. 03166846
Farm Fencing Limited
Notes to the Accounts
for the year ended 31 December 2023
Farm Fencing Limited is a private company, limited by shares, registered in England and Wales, registration number 03166846. The registered office is 2a Shelvers Hill, Tadworth, Surrey, KT20 5PU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
76,652
133,564
210,216
At 31 December 2023
87,477
133,564
221,041
At 1 January 2023
48,716
87,236
135,952
Charge for the year
5,814
11,582
17,396
At 31 December 2023
54,530
98,818
153,348
At 31 December 2023
32,947
34,746
67,693
At 31 December 2022
27,936
46,328
74,264
Farm Fencing Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
37,274
40,487
Accrued income and prepayments
2,708
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
122,291
134,163
Taxes and social security
31,753
66,738
Other creditors
3,162
2,460
Loans from directors
539
1,657
7
Creditors: amounts falling due after more than one year
2023
2022
At no point during the year did advances/credits to the Director's Loan Account result in an overdrawn position.
9
Average number of employees
During the year the average number of employees was 17 (2022: 18).