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Company Registration No. 04645065 (England and Wales)
Cotswold and Vale Fencing and Landscape Supplies Limited Unaudited accounts for the year ended 29 February 2024
Cotswold and Vale Fencing and Landscape Supplies Limited Unaudited accounts Contents
Page
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Cotswold and Vale Fencing and Landscape Supplies Limited Company Information for the year ended 29 February 2024
Directors
Mr Christopher Kenneth Dudfield Mr Simon Nicholas Dudfield
Company Number
04645065 (England and Wales)
Registered Office
NATTON HOUSE NATTON ASHCHURCH TEWKESBURY GLOUCESTERSHIRE GL20 7BG
Accountants
The Practice - Chartered Management Accountants 2 New Street Ledbury Herefordshire HR8 2DX
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Cotswold and Vale Fencing and Landscape Supplies Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,296 
4,478 
Current assets
Inventories
200,000 
140,000 
Debtors
70,279 
137,553 
Cash at bank and in hand
149,034 
189,385 
419,313 
466,938 
Creditors: amounts falling due within one year
(170,516)
(221,472)
Net current assets
248,797 
245,466 
Total assets less current liabilities
265,093 
249,944 
Creditors: amounts falling due after more than one year
(12,499)
(22,499)
Provisions for liabilities
Other provisions
(2,017)
(25,323)
Net assets
250,577 
202,122 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
250,477 
202,022 
Shareholders' funds
250,577 
202,122 
For the year ending 29 February 2024 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 4 September 2024 and were signed on its behalf by
Mr Simon Nicholas Dudfield Director Company Registration No. 04645065
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Cotswold and Vale Fencing and Landscape Supplies Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Cotswold and Vale Fencing and Landscape Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 04645065. The registered office is NATTON HOUSE NATTON, ASHCHURCH, TEWKESBURY, GLOUCESTERSHIRE, GL20 7BG.
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.
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
25% of written down value
Motor vehicles
25% of written down value
Fixtures & fittings
25% of written down value
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Cotswold and Vale Fencing and Landscape Supplies Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
14,665 
69,880 
3,522 
88,067 
Additions
17,250 
- 
- 
17,250 
At 29 February 2024
31,915 
69,880 
3,522 
105,317 
Depreciation
At 1 March 2023
14,455 
65,661 
3,473 
83,589 
Charge for the year
4,365 
1,055 
12 
5,432 
At 29 February 2024
18,820 
66,716 
3,485 
89,021 
Net book value
At 29 February 2024
13,095 
3,164 
37 
16,296 
At 28 February 2023
210 
4,219 
49 
4,478 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,465 
135,739 
Other debtors
1,814 
1,814 
70,279 
137,553 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
105,029 
156,199 
Taxes and social security
17,144 
26,016 
Other creditors
15,136 
3,050 
Loans from directors
21,282 
24,282 
Accruals
1,925 
1,925 
170,516 
221,472 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,499 
22,499 
8
Transactions with related parties
Loan from director - 0% Interest with no set repayment date. Mr S. N. Dudfield £10,641 (2023 £12,141) Mr C Dudfield £10,641 (2023 £12,141)
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Cotswold and Vale Fencing and Landscape Supplies Limited Notes to the Accounts for the year ended 29 February 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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