Company Registration No. SC314232 (Scotland)
Carl Saunders Fencing Limited
Unaudited accounts
for the year ended 31 January 2024
Carl Saunders Fencing Limited
Unaudited accounts
Contents
Carl Saunders Fencing Limited
Company Information
for the year ended 31 January 2024
Directors
Carl Edwards Saunders
William Paterson Clark
Company Number
SC314232 (Scotland)
Registered Office
21 Hunter Street
East Kilbride
Glasgow
G74 4LZ
Scotland
Carl Saunders Fencing Limited
Statement of financial position
as at 31 January 2024
Tangible assets
396,905
417,208
Inventories
376,288
191,525
Cash at bank and in hand
496,255
979,988
Creditors: amounts falling due within one year
(475,832)
(456,591)
Net current assets
781,822
1,259,851
Total assets less current liabilities
1,186,227
1,684,559
Creditors: amounts falling due after more than one year
(224,412)
(288,596)
Provisions for liabilities
Deferred tax
(62,780)
(58,979)
Net assets
899,035
1,336,984
Called up share capital
100
100
Profit and loss account
898,935
1,336,884
Shareholders' funds
899,035
1,336,984
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Carl Edwards Saunders
Director
Company Registration No. SC314232
Carl Saunders Fencing Limited
Notes to the Accounts
for the year ended 31 January 2024
Carl Saunders Fencing Limited is a private company, limited by shares, registered in Scotland, registration number SC314232. The registered office is 21 Hunter Street, East Kilbride, Glasgow, G74 4LZ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Carl Saunders Fencing Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
48,760
505,533
592,140
10,169
1,156,602
Additions
-
948
235,215
560
236,723
Disposals
-
(13,678)
(263,608)
-
(277,286)
At 31 January 2024
48,760
492,803
563,747
10,729
1,116,039
At 1 February 2023
41,091
353,255
337,304
7,744
739,394
Charge for the year
2,247
38,142
56,610
747
97,746
On disposals
-
(12,984)
(105,022)
-
(118,006)
At 31 January 2024
43,338
378,413
288,892
8,491
719,134
At 31 January 2024
5,422
114,390
274,855
2,238
396,905
At 31 January 2023
7,669
152,278
254,836
2,425
417,208
5
Investments
Other investments
Valuation at 1 February 2023
7,500
Valuation at 31 January 2024
7,500
Amounts falling due within one year
Trade debtors
155,284
325,649
Accrued income and prepayments
3,583
3,583
Other debtors
122,726
133,156
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
72,433
-
Obligations under finance leases and hire purchase contracts
71,766
90,135
Trade creditors
331,552
339,723
Taxes and social security
-
18,924
Carl Saunders Fencing Limited
Notes to the Accounts
for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
224,412
288,596
9
Operating lease commitments
2024
2023
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
68,883
90,135
Later than one year and not later than five years
220,961
288,596
The ultimate controlling party is C.E. Saunders.
11
Average number of employees
During the year the average number of employees was 4 (2023: 3).