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REGISTERED NUMBER: 01881433 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GUARDIAN FENCING COMPANY LIMITED

GUARDIAN FENCING COMPANY LIMITED (REGISTERED NUMBER: 01881433)






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


GUARDIAN FENCING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B Gillick
J Gillick



SECRETARY: J Gillick



REGISTERED OFFICE: Reliance Works
Warrington Road
Rainhill
Prescot
Merseyside
L35 9JE



REGISTERED NUMBER: 01881433 (England and Wales)



ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ



BANKERS: HSBC Bank plc
33 Ormskirk Street
St Helens
Merseyside
WA10 2SZ

GUARDIAN FENCING COMPANY LIMITED (REGISTERED NUMBER: 01881433)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,715 43,539

CURRENT ASSETS
Stocks 14,750 4,500
Debtors 5 85,826 56,588
Cash at bank and in hand 8,615 37,008
109,191 98,096
CREDITORS
Amounts falling due within one year 6 88,324 62,373
NET CURRENT ASSETS 20,867 35,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,582

79,262

CREDITORS
Amounts falling due after more than one year 7 34,483 34,030
NET ASSETS 40,099 45,232

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 15,832 15,832
Retained earnings 23,267 28,400
SHAREHOLDERS' FUNDS 40,099 45,232

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 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.

GUARDIAN FENCING COMPANY LIMITED (REGISTERED NUMBER: 01881433)

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 Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:





B Gillick - Director


GUARDIAN FENCING COMPANY LIMITED (REGISTERED NUMBER: 01881433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Guardian Fencing Company 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

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GUARDIAN FENCING COMPANY LIMITED (REGISTERED NUMBER: 01881433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 40,339 28,329 57,464 126,132
Additions - - 27,999 27,999
Disposals - - (39,966 ) (39,966 )
At 31 March 2024 40,339 28,329 45,497 114,165
DEPRECIATION
At 1 April 2023 17,591 27,113 37,889 82,593
Charge for year 607 183 9,200 9,990
Eliminated on disposal - - (32,133 ) (32,133 )
At 31 March 2024 18,198 27,296 14,956 60,450
NET BOOK VALUE
At 31 March 2024 22,141 1,033 30,541 53,715
At 31 March 2023 22,748 1,216 19,575 43,539

Included in cost of land and buildings is freehold land of £ 10,000 (2023 - £ 10,000 ) which is not depreciated.

The transitional provisions of FRS 102 are being followed in respect of the company freehold property. They were revalued by the directors on an existing use basis at £40,339 of which original cost amounted to £24,507.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 66,879 49,997
Other debtors 18,947 6,591
85,826 56,588

GUARDIAN FENCING COMPANY LIMITED (REGISTERED NUMBER: 01881433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,056 9,808
Hire purchase contracts 7,193 4,408
Trade creditors 54,690 31,874
Taxation and social security 8,858 10,574
Other creditors 7,527 5,709
88,324 62,373

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 18,214 28,271
Hire purchase contracts 16,269 5,759
34,483 34,030

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 15,832

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
B Gillick and J Gillick
Balance outstanding at start of year 3,970 13,392
Amounts advanced 15,999 4,578
Amounts repaid (4,000 ) (14,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,969 3,970