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REGISTERED NUMBER: 06540660 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Garden Wise Fencing Limited

Garden Wise Fencing Limited (Registered number: 06540660)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Garden Wise Fencing Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Smith
Mrs D S Smith
J J P Eaglen





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 06540660 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Garden Wise Fencing Limited (Registered number: 06540660)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,553 55,801

CURRENT ASSETS
Stocks 12,460 14,575
Debtors 5 90,916 102,230
Cash at bank 169,150 178,262
272,526 295,067
CREDITORS
Amounts falling due within one year 6 93,209 93,024
NET CURRENT ASSETS 179,317 202,043
TOTAL ASSETS LESS CURRENT LIABILITIES 243,870 257,844

PROVISIONS FOR LIABILITIES 14,201 10,601
NET ASSETS 229,669 247,243

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 229,558 247,132
SHAREHOLDERS' FUNDS 229,669 247,243

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

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

Garden Wise Fencing Limited (Registered number: 06540660)

Balance Sheet - continued
30 June 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 23 December 2024 and were signed on its behalf by:




S Smith - Director



Mrs D S Smith - Director


Garden Wise Fencing Limited (Registered number: 06540660)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Garden Wise Fencing Limited is a private company limited by shares, registered in England & Wales. The company's registered number is 06540660. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is Wheats Farm Cottages, Nightingale Lane, Mortimer, Reading, RG7 3PT.

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 and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on cost and 10% 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 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.


Garden Wise Fencing Limited (Registered number: 06540660)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 4 (2023 - 4 ) .

Garden Wise Fencing Limited (Registered number: 06540660)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 116,529
Additions 49,081
Disposals (44,624 )
At 30 June 2024 120,986
DEPRECIATION
At 1 July 2023 60,728
Charge for year 9,969
Eliminated on disposal (14,264 )
At 30 June 2024 56,433
NET BOOK VALUE
At 30 June 2024 64,553
At 30 June 2023 55,801

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 52,465 72,582
Other debtors 38,451 29,648
90,916 102,230

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 639 7,016
Taxation and social security 22,610 27,702
Other creditors 69,960 58,306
93,209 93,024