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REGISTERED NUMBER: 07924774 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Featherstone Fencing Limited

Featherstone Fencing Limited (Registered number: 07924774)






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


Featherstone Fencing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Rushton
Mrs D Rushton





REGISTERED OFFICE: The Whitehouse
Hobnock Road
Essington
Wolverhampton
WV11 2RF





REGISTERED NUMBER: 07924774 (England and Wales)






Featherstone Fencing Limited (Registered number: 07924774)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,676 125,784

CURRENT ASSETS
Stocks 64,280 77,294
Debtors 5 104,702 673,410
Cash at bank and in hand 314,345 61,081
483,327 811,785
CREDITORS
Amounts falling due within one year 6 491,106 732,954
NET CURRENT (LIABILITIES)/ASSETS (7,779 ) 78,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,897

204,615

CREDITORS
Amounts falling due after more than
one year

7

(39,514

)

(103,505

)

PROVISIONS FOR LIABILITIES 9 (8,764 ) (12,690 )
NET ASSETS 55,619 88,420

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 55,519 88,320
SHAREHOLDERS' FUNDS 55,619 88,420

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.

Featherstone Fencing Limited (Registered number: 07924774)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




S Rushton - Director



Mrs D Rushton - Director


Featherstone Fencing Limited (Registered number: 07924774)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Featherstone 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


Featherstone Fencing Limited (Registered number: 07924774)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 21 ) .

Featherstone Fencing Limited (Registered number: 07924774)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 - 22,088 13,387 315,235 350,710
Additions 38,500 2,084 3,331 - 43,915
Disposals - - - (91,501 ) (91,501 )
At 31 March 2024 38,500 24,172 16,718 223,734 303,124
DEPRECIATION
At 1 April 2023 - 14,388 8,000 202,538 224,926
Charge for year - 2,446 2,179 19,765 24,390
Eliminated on disposal - - - (57,868 ) (57,868 )
At 31 March 2024 - 16,834 10,179 164,435 191,448
NET BOOK VALUE
At 31 March 2024 38,500 7,338 6,539 59,299 111,676
At 31 March 2023 - 7,700 5,387 112,697 125,784

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 230,752
Disposals (91,501 )
At 31 March 2024 139,251
DEPRECIATION
At 1 April 2023 147,968
Charge for year 11,009
Eliminated on disposal (57,868 )
At 31 March 2024 101,109
NET BOOK VALUE
At 31 March 2024 38,142
At 31 March 2023 82,784

Featherstone Fencing Limited (Registered number: 07924774)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 104,701 371,818
Other debtors 1 301,592
104,702 673,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts 16,219 31,634
Trade creditors 122,283 112,843
Taxation and social security 179,056 537,454
Other creditors 165,215 42,690
491,106 732,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 23,681 77,672
39,514 103,505

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 39,900 109,306

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 8,764 12,690

Featherstone Fencing Limited (Registered number: 07924774)

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 12,690
Provided during year (3,926 )
Balance at 31 March 2024 8,764

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100