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REGISTERED NUMBER: 12333391 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

MJB Fencing Limited

MJB Fencing Limited (Registered number: 12333391)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJB Fencing Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr M J Brandrick





REGISTERED OFFICE: 14a Market Place
Uttoxeter
United Kingdom
Staffordshire
ST14 8HP





REGISTERED NUMBER: 12333391 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

MJB Fencing Limited (Registered number: 12333391)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,673 5,673
Tangible assets 5 153,273 160,244
158,946 165,917

CURRENT ASSETS
Debtors 6 13,163 41,248
Cash at bank 97,105 88,987
110,268 130,235
CREDITORS
Amounts falling due within one year 7 38,175 54,184
NET CURRENT ASSETS 72,093 76,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,039

241,968

CREDITORS
Amounts falling due after more than one
year

8

(12,963

)

(25,185

)

PROVISIONS FOR LIABILITIES (40,617 ) (42,465 )
NET ASSETS 177,459 174,318

MJB Fencing Limited (Registered number: 12333391)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 177,457 174,316
SHAREHOLDERS' FUNDS 177,459 174,318

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

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

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 16th December 2024 and were signed by:





Mr M J Brandrick - Director


MJB Fencing Limited (Registered number: 12333391)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

MJB 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 presentation currency of the financial statements is the Pound Sterling (£).


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 and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation of patents and licences will commence when the products to which they relate are commercially available.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


MJB Fencing Limited (Registered number: 12333391)

Notes to the Financial Statements - continued
for the Year Ended 31st March 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
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 5,673
NET BOOK VALUE
At 31st March 2024 5,673
At 31st March 2023 5,673

MJB Fencing Limited (Registered number: 12333391)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 19,751 217,518 33,687 791 271,747
Additions - 29,188 12,250 1,039 42,477
Disposals - (12,884 ) - - (12,884 )
At 31st March 2024 19,751 233,822 45,937 1,830 301,340
DEPRECIATION
At 1st April 2023 3,620 87,554 20,112 217 111,503
Charge for year 1,975 35,665 5,946 519 44,105
Eliminated on disposal - (7,541 ) - - (7,541 )
At 31st March 2024 5,595 115,678 26,058 736 148,067
NET BOOK VALUE
At 31st March 2024 14,156 118,144 19,879 1,094 153,273
At 31st March 2023 16,131 129,964 13,575 574 160,244


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,867 33,383
Other debtors 6,296 7,865
13,163 41,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,111 10,000
Trade creditors 12,424 27,235
Taxation and social security 11,536 12,261
Other creditors 3,104 4,688
38,175 54,184

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 12,963 25,185

MJB Fencing Limited (Registered number: 12333391)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr M J Brandrick
Balance outstanding at start of year - 727
Amounts repaid - (727 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest has been paid to the company in respect of these advances and there were no fixed terms for repayment.