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REGISTERED NUMBER: 02915524 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

NORBURY FENCING AND BUILDING MATERIALS
LIMITED

NORBURY FENCING AND BUILDING MATERIALS
LIMITED (REGISTERED NUMBER: 02915524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORBURY FENCING AND BUILDING MATERIALS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: P W Norbury
Miss S Ottley



SECRETARY: Miss S Ottley



REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP



REGISTERED NUMBER: 02915524 (England and Wales)



ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP



BANKERS: Lloyds TSB Bank Plc
1 Bircherley Street
Hertford
Hertfordshire
SG14 1BU

NORBURY FENCING AND BUILDING MATERIALS
LIMITED (REGISTERED NUMBER: 02915524)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,652 135,007

CURRENT ASSETS
Stocks 477,311 524,415
Debtors 5 205,503 210,837
Cash at bank and in hand 192,441 277,347
875,255 1,012,599
CREDITORS
Amounts falling due within one year 6 454,739 558,451
NET CURRENT ASSETS 420,516 454,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,168

589,155

CREDITORS
Amounts falling due after more than one
year

7

(47,180

)

(79,278

)

PROVISIONS FOR LIABILITIES (12,382 ) (25,651 )
NET ASSETS 432,606 484,226

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 432,404 484,024
SHAREHOLDERS' FUNDS 432,606 484,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

NORBURY FENCING AND BUILDING MATERIALS
LIMITED (REGISTERED NUMBER: 02915524)

BALANCE SHEET - continued
30TH SEPTEMBER 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 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 26th November 2024 and were signed on its behalf by:





P W Norbury - Director


NORBURY FENCING AND BUILDING MATERIALS
LIMITED (REGISTERED NUMBER: 02915524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Norbury Fencing and Building Materials 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

Accounting convention
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 justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could effect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30th September 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% 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 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.


NORBURY FENCING AND BUILDING MATERIALS
LIMITED (REGISTERED NUMBER: 02915524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 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
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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
Plant fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 161,971 18,958 276,863 30,562 488,354
Additions 3,125 - - - 3,125
Disposals - - (45,000 ) - (45,000 )
At 30th September 2024 165,096 18,958 231,863 30,562 446,479
DEPRECIATION
At 1st October 2023 140,364 18,958 164,579 29,446 353,347
Charge for year 9,534 - 34,984 400 44,918
Eliminated on disposal - - (23,438 ) - (23,438 )
At 30th September 2024 149,898 18,958 176,125 29,846 374,827
NET BOOK VALUE
At 30th September 2024 15,198 - 55,738 716 71,652
At 30th September 2023 21,607 - 112,284 1,116 135,007

NORBURY FENCING AND BUILDING MATERIALS
LIMITED (REGISTERED NUMBER: 02915524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,612 131,760
Bad debts provision (1,379 ) (1,379 )
Other debtors 46,998 46,998
Prepayments 18,272 33,458
205,503 210,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,098 22,098
Trade creditors 180,810 206,193
Tax 61,546 61,325
Social security and other taxes 4,340 8,723
VAT 59,367 42,929
Other creditors 70,578 52,344
Directors' current accounts 31,457 150,457
Accruals 14,543 4,382
454,739 558,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 6,667
Hire purchase contracts 40,513 62,611
47,180 79,278

8. OTHER FINANCIAL COMMITMENTS

The company had financial commitments, guarantees and contingencies at the balance sheet date of £14,030 (2023: £26,981).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid management charges in the sum of £196,250 (2023 : £225,999) to the partnership of P W and C P Norbury, in which P W Norbury a director of the company has an interest.

Included in other creditors is £70,000 an amount owing to Cheap Storage Limited, a company under the control of P W Norbury a director of the company.