IRIS Accounts Production v24.3.0.553 05334758 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053347582023-05-31053347582024-05-31053347582023-06-012024-05-31053347582022-05-31053347582022-06-012023-05-31053347582023-05-3105334758ns15:EnglandWales2023-06-012024-05-3105334758ns14:PoundSterling2023-06-012024-05-3105334758ns10:Director12023-06-012024-05-3105334758ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105334758ns10:SmallEntities2023-06-012024-05-3105334758ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105334758ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105334758ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105334758ns10:FullAccounts2023-06-012024-05-3105334758ns10:CompanySecretary12023-06-012024-05-3105334758ns10:RegisteredOffice2023-06-012024-05-3105334758ns5:CurrentFinancialInstruments2024-05-3105334758ns5:CurrentFinancialInstruments2023-05-3105334758ns5:Non-currentFinancialInstruments2024-05-3105334758ns5:Non-currentFinancialInstruments2023-05-3105334758ns5:ShareCapital2024-05-3105334758ns5:ShareCapital2023-05-3105334758ns5:RetainedEarningsAccumulatedLosses2024-05-3105334758ns5:RetainedEarningsAccumulatedLosses2023-05-3105334758ns5:PlantMachinery2023-06-012024-05-3105334758ns5:FurnitureFittings2023-06-012024-05-3105334758ns5:MotorVehicles2023-06-012024-05-3105334758ns5:ComputerEquipment2023-06-012024-05-3105334758ns5:LandBuildings2023-05-3105334758ns5:PlantMachinery2023-05-3105334758ns5:FurnitureFittings2023-05-3105334758ns5:LandBuildings2023-06-012024-05-3105334758ns5:LandBuildings2024-05-3105334758ns5:PlantMachinery2024-05-3105334758ns5:FurnitureFittings2024-05-3105334758ns5:LandBuildings2023-05-3105334758ns5:PlantMachinery2023-05-3105334758ns5:FurnitureFittings2023-05-3105334758ns5:MotorVehicles2023-05-3105334758ns5:ComputerEquipment2023-05-3105334758ns5:MotorVehicles2024-05-3105334758ns5:ComputerEquipment2024-05-3105334758ns5:MotorVehicles2023-05-3105334758ns5:ComputerEquipment2023-05-3105334758ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3105334758ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3105334758ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-05-3105334758ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3105334758ns5:CostValuation2023-05-3105334758ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3105334758ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 05334758 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2024

for

MD Fencing Limited

MD Fencing Limited (Registered number: 05334758)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MD Fencing Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M J Dowse





SECRETARY: Mrs P N Dowse





REGISTERED OFFICE: Heather Lodge
Harden Moor
Back Shaw Lane
Keighley
West Yorkshire
BD21 5QU





REGISTERED NUMBER: 05334758 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

MD Fencing Limited (Registered number: 05334758)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 496,714 545,332
Investments 5 30 30
496,744 545,362

CURRENT ASSETS
Stocks 760 582
Debtors 6 237,089 253,570
Cash at bank 277,814 153,083
515,663 407,235
CREDITORS
Amounts falling due within one year 7 222,705 249,504
NET CURRENT ASSETS 292,958 157,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,702

703,093

CREDITORS
Amounts falling due after more than one
year

8

11,493

20,833
NET ASSETS 778,209 682,260

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 778,207 682,258
778,209 682,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MD Fencing Limited (Registered number: 05334758)

Balance Sheet - continued
31 May 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 director and authorised for issue on 31 August 2024 and were signed by:





M J Dowse - Director


MD Fencing Limited (Registered number: 05334758)

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


1. STATUTORY INFORMATION

MD 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.

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 the cost less estimated residual value of 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 equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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
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.

MD Fencing Limited (Registered number: 05334758)

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


2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery equipment
£    £    £   
COST
At 1 June 2023 355,247 214,390 51,500
Additions - 877 8,611
At 31 May 2024 355,247 215,267 60,111
DEPRECIATION
At 1 June 2023 - 122,842 22,532
Charge for year - 22,550 7,802
At 31 May 2024 - 145,392 30,334
NET BOOK VALUE
At 31 May 2024 355,247 69,875 29,777
At 31 May 2023 355,247 91,548 28,968

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 136,915 1,042 759,094
Additions 1,650 - 11,138
At 31 May 2024 138,565 1,042 770,232
DEPRECIATION
At 1 June 2023 67,346 1,042 213,762
Charge for year 29,404 - 59,756
At 31 May 2024 96,750 1,042 273,518
NET BOOK VALUE
At 31 May 2024 41,815 - 496,714
At 31 May 2023 69,569 - 545,332

MD Fencing Limited (Registered number: 05334758)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 35,530
DEPRECIATION
At 1 June 2023 20,540
Charge for year 3,748
At 31 May 2024 24,288
NET BOOK VALUE
At 31 May 2024 11,242
At 31 May 2023 14,990

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 30
NET BOOK VALUE
At 31 May 2024 30
At 31 May 2023 30

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 83,381 60,003
Other debtors 153,708 193,567
237,089 253,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 2,828
Trade creditors 27,547 16,584
Taxation and social security 47,803 34,341
Other creditors 137,355 185,751
222,705 249,504

MD Fencing Limited (Registered number: 05334758)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,493 20,833