PHAROAH FENCING LTD

Company Registration Number:
06416267 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

PHAROAH FENCING LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

PHAROAH FENCING LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 295,726 301,056
Total fixed assets: 295,726 301,056
Current assets
Stocks: 150,000 150,000
Debtors:   3,618,191 4,041,952
Cash at bank and in hand: 1,059,445 494,944
Total current assets: 4,827,636 4,686,896
Creditors: amounts falling due within one year: 4 (1,155,889) (1,332,379)
Net current assets (liabilities): 3,671,747 3,354,517
Total assets less current liabilities: 3,967,473 3,655,573
Creditors: amounts falling due after more than one year: 5 (145,066) (240,118)
Total net assets (liabilities): 3,822,407 3,415,455
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,822,307 3,415,355
Shareholders funds: 3,822,407 3,415,455

The notes form part of these financial statements

PHAROAH FENCING LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 October 2024
and signed on behalf of the board by:

Name: M Pharoah
Status: Director

The notes form part of these financial statements

PHAROAH FENCING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

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 shorter. Plant & Machinery 15% on cost

Other accounting policies

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 shorter. The interest element of these obligations is charged to profit & 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 & 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.

PHAROAH FENCING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 40 36

PHAROAH FENCING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 1,755,205
Additions 91,636
At 31 January 2024 1,846,841
Depreciation
At 01 February 2023 1,454,149
Charge for year 96,966
At 31 January 2024 1,551,115
Net book value
At 31 January 2024 295,726
At 31 January 2023 301,056

PHAROAH FENCING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

31.01.24 (£) 31.01.23(£) Hire Purchase Contracts 44,218 44,218 Trade Creditors 701,055 991,740 Amount owed to group 90,520 Taxation & Social Security 256,960 114,826 Other Creditors 153,656 91,075

PHAROAH FENCING LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

31.01.24 (£) 31.01.23(£) Hire Purchase Contracts 145,066 240,118