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REGISTERED NUMBER: 00968048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BOUCHIER FENCING LIMITED

BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOUCHIER FENCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R P Akers
C R Akers





SECRETARY: R P Akers





REGISTERED OFFICE: Goring Road
Woodcote
Reading
Berkshire
RG8 0QD





REGISTERED NUMBER: 00968048 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ

BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,122,872 1,069,908

CURRENT ASSETS
Stocks 437,398 430,115
Debtors 5 631,845 195,652
Cash at bank and in hand 679,454 1,268,817
1,748,697 1,894,584
CREDITORS
Amounts falling due within one year 6 371,748 380,691
NET CURRENT ASSETS 1,376,949 1,513,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,499,821

2,583,801

PROVISIONS FOR LIABILITIES 7 67,718 54,458
NET ASSETS 2,432,103 2,529,343

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 2,382,103 2,479,343
SHAREHOLDERS' FUNDS 2,432,103 2,529,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





C R Akers - Director


BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bouchier 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 principal activity of the company during the year was that of timber merchants.

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.

Going concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

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.
Freehold land and property - 5% on cost
Plant and machinery - 20% on reducing balance
Office furniture and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Forklifts - 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 Statement of Income and Retained Earnings, 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.


BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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
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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Office
Freehold furniture
land and Plant and and
property machinery equipment
£    £    £   
COST
At 1 January 2023 1,063,455 689,527 59,269
Additions 20,800 56,715 -
Disposals - - -
At 31 December 2023 1,084,255 746,242 59,269
DEPRECIATION
At 1 January 2023 216,657 573,214 55,517
Charge for year 3,193 45,929 742
Eliminated on disposal - - -
At 31 December 2023 219,850 619,143 56,259
NET BOOK VALUE
At 31 December 2023 864,405 127,099 3,010
At 31 December 2022 846,798 116,313 3,752

Motor
vehicles Forklifts Totals
£    £    £   
COST
At 1 January 2023 211,460 122,965 2,146,676
Additions 71,585 - 149,100
Disposals (55,534 ) - (55,534 )
At 31 December 2023 227,511 122,965 2,240,242
DEPRECIATION
At 1 January 2023 120,955 110,425 1,076,768
Charge for year 39,651 3,135 92,650
Eliminated on disposal (52,048 ) - (52,048 )
At 31 December 2023 108,558 113,560 1,117,370
NET BOOK VALUE
At 31 December 2023 118,953 9,405 1,122,872
At 31 December 2022 90,505 12,540 1,069,908

BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,781 154,548
Other debtors 485,513 -
Prepayments 41,551 41,104
631,845 195,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 117,642 50,307
Corporation tax 122,513 140,357
Social security and other taxes 25,251 19,588
VAT 46,820 93,402
Other creditors 25,820 25,820
Accrued expenses 33,702 51,217
371,748 380,691

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 67,718 54,458

Deferred
tax
£   
Balance at 1 January 2023 54,458
Charge to Statement of Income and Retained Earnings
during year

13,260
Balance at 31 December 2023 67,718

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
26,000 A Ordinary 1 50,000 26,000
12,000 B Ordinary 1 - 12,000
12,000 C Ordinary 1 - 12,000
50,000 50,000

BOUCHIER FENCING LIMITED (REGISTERED NUMBER: 00968048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RELATED PARTY DISCLOSURES

During the year, the company made a loan of £363,000 to a family member of the directors. No interest has been charged on this loan and is included as due within one year as this amount is considered repayable on demand.