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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
Page
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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
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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
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Farm Fencing Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,693 
74,264 
Current assets
Inventories
192,999 
206,221 
Debtors
47,182 
46,987 
Cash at bank and in hand
440,424 
517,612 
680,605 
770,820 
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 
Capital and reserves
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
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Farm Fencing Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 
Additions
10,825 
- 
10,825 
At 31 December 2023
87,477 
133,564 
221,041 
Depreciation
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 
Net book value
At 31 December 2023
32,947 
34,746 
67,693 
At 31 December 2022
27,936 
46,328 
74,264 
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Farm Fencing Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,274 
40,487 
Accrued income and prepayments
2,708 
- 
Other debtors
7,200 
6,500 
47,182 
46,987 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
36,947 
54,246 
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 
Accruals
900 
11,000 
205,592 
280,264 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,652 
25,833 
8
Loans to directors
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).
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