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REGISTERED NUMBER: SC519191 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARGYLL FENCING LIMITED

ARGYLL FENCING LIMITED (REGISTERED NUMBER: SC519191)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARGYLL FENCING LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: Edward John Hector Goodfellow





SECRETARY: Morag Goodfellow





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC519191 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

ARGYLL FENCING LIMITED (REGISTERED NUMBER: SC519191)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,941 117,546

CURRENT ASSETS
Debtors 5 18,102 17,975
Cash at bank 8,737 17,816
26,839 35,791
CREDITORS
Amounts falling due within one year 6 63,136 66,910
NET CURRENT LIABILITIES (36,297 ) (31,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,644

86,427

CREDITORS
Amounts falling due after more than one year 7 (10,998 ) (14,983 )

PROVISIONS FOR LIABILITIES (17,849 ) (19,901 )
NET ASSETS 41,797 51,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,697 51,443
SHAREHOLDERS' FUNDS 41,797 51,543

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

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

ARGYLL FENCING LIMITED (REGISTERED NUMBER: SC519191)

BALANCE SHEET - continued
31 March 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 24 November 2024 and were signed by:





Edward John Hector Goodfellow - Director


ARGYLL FENCING LIMITED (REGISTERED NUMBER: SC519191)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Argyll Fencing Limited is a private company, limited by shares , registered in Scotland. 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 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

ARGYLL FENCING LIMITED (REGISTERED NUMBER: SC519191)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 180,979 45,524 1,115 227,618
Additions 18,045 - - 18,045
Disposals (8,000 ) - - (8,000 )
At 31 March 2024 191,024 45,524 1,115 237,663
DEPRECIATION
At 1 April 2023 78,536 30,764 772 110,072
Charge for year 16,874 3,690 86 20,650
At 31 March 2024 95,410 34,454 858 130,722
NET BOOK VALUE
At 31 March 2024 95,614 11,070 257 106,941
At 31 March 2023 102,443 14,760 343 117,546

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,600 40,048 50,648
DEPRECIATION
At 1 April 2023 2,942 25,580 28,522
Charge for year 1,149 3,617 4,766
At 31 March 2024 4,091 29,197 33,288
NET BOOK VALUE
At 31 March 2024 6,509 10,851 17,360
At 31 March 2023 7,658 14,468 22,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,102 17,975

ARGYLL FENCING LIMITED (REGISTERED NUMBER: SC519191)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,658 18,011
Trade creditors 1,269 1,269
Taxation and social security 4,736 4,162
Other creditors 46,473 43,468
63,136 66,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,998 14,983