IRIS Accounts Production v24.3.0.553 09001881 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090018812023-04-30090018812024-04-30090018812023-05-012024-04-30090018812022-04-30090018812022-05-012023-04-30090018812023-04-3009001881ns15:EnglandWales2023-05-012024-04-3009001881ns14:PoundSterling2023-05-012024-04-3009001881ns10:Director12023-05-012024-04-3009001881ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009001881ns10:SmallEntities2023-05-012024-04-3009001881ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009001881ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009001881ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009001881ns10:FullAccounts2023-05-012024-04-3009001881ns10:OrdinaryShareClass12023-05-012024-04-3009001881ns10:RegisteredOffice2023-05-012024-04-3009001881ns5:CurrentFinancialInstruments2024-04-3009001881ns5:CurrentFinancialInstruments2023-04-3009001881ns5:Non-currentFinancialInstruments2024-04-3009001881ns5:Non-currentFinancialInstruments2023-04-3009001881ns5:ShareCapital2024-04-3009001881ns5:ShareCapital2023-04-3009001881ns5:RetainedEarningsAccumulatedLosses2024-04-3009001881ns5:RetainedEarningsAccumulatedLosses2023-04-3009001881ns5:PlantMachinery2023-05-012024-04-3009001881ns5:MotorVehicles2023-05-012024-04-3009001881ns5:ComputerEquipment2023-05-012024-04-3009001881ns5:PlantMachinery2023-04-3009001881ns5:MotorVehicles2023-04-3009001881ns5:ComputerEquipment2023-04-3009001881ns5:PlantMachinery2024-04-3009001881ns5:MotorVehicles2024-04-3009001881ns5:ComputerEquipment2024-04-3009001881ns5:PlantMachinery2023-04-3009001881ns5:MotorVehicles2023-04-3009001881ns5:ComputerEquipment2023-04-3009001881ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3009001881ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3009001881ns5:LeasedAssetsHeldAsLessee2023-04-3009001881ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3009001881ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3009001881ns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3009001881ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3009001881ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3009001881ns5:LeasedAssetsHeldAsLessee2024-04-3009001881ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3009001881ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3009001881ns5:LeasedAssetsHeldAsLessee2023-04-3009001881ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009001881ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3009001881ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 09001881 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FENCING ESSEX LIMITED

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FENCING ESSEX LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: H Dick





REGISTERED OFFICE: Grange Farm Sparrow Lane
Hatfield Heath
Bishops Stortford
CM22 7AU





REGISTERED NUMBER: 09001881 (England and Wales)





ACCOUNTANTS: Northfield Management Services Limited
Cart Lodge
Harps Farm
Bedlars Green
Great Hallingbury
Hertfordshire
CM22 7TL

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,814 100,047

CURRENT ASSETS
Debtors 5 12,364 10,922
Cash at bank 2,996 22,973
15,360 33,895
CREDITORS
Amounts falling due within one year 6 64,980 84,516
NET CURRENT LIABILITIES (49,620 ) (50,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,194

49,426

CREDITORS
Amounts falling due after more than one
year

7

105,303

119,555
NET LIABILITIES (66,109 ) (70,129 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (66,111 ) (70,131 )
SHAREHOLDERS' FUNDS (66,109 ) (70,129 )

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

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

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

BALANCE SHEET - continued
30 April 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 30 January 2025 and were signed by:





H Dick - Director


FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Fencing Essex 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.

The financial statements have been prepared on a going concern basis as the director and the creditors have undertaken to continue to support the activities of the company and the director is of the opinion that the company's profitability will improve in subsequent years.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of the estimation means that that the actual outcomes could differ from those estimates.

Turnover
Turnover represents the value of goods and services supplied during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-portable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic short-term financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 165,201 68,112 916 234,229
Additions 2,516 32,495 - 35,011
Disposals - (32,851 ) - (32,851 )
At 30 April 2024 167,717 67,756 916 236,389
DEPRECIATION
At 1 May 2023 106,720 26,546 916 134,182
Charge for year 14,736 14,184 - 28,920
Eliminated on disposal - (15,527 ) - (15,527 )
At 30 April 2024 121,456 25,203 916 147,575
NET BOOK VALUE
At 30 April 2024 46,261 42,553 - 88,814
At 30 April 2023 58,481 41,566 - 100,047

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

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 May 2023 110,165 68,112 178,277
Additions - 32,495 32,495
Disposals - (32,851 ) (32,851 )
At 30 April 2024 110,165 67,756 177,921
DEPRECIATION
At 1 May 2023 66,794 26,546 93,340
Charge for year 10,893 14,184 25,077
Eliminated on disposal - (15,527 ) (15,527 )
At 30 April 2024 77,687 25,203 102,890
NET BOOK VALUE
At 30 April 2024 32,478 42,553 75,031
At 30 April 2023 43,371 41,566 84,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,931 -
Amounts recoverable on contract 9,933 982
Prepayments 500 9,940
12,364 10,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bounce back loan 4,400 4,400
Hire purchase contracts 16,155 15,748
Social security and other taxes 434 675
VAT 1,696 2,992
Other creditors 1,016 16,327
Directors' current accounts 37,548 36,550
Accrued expenses 3,731 7,824
64,980 84,516

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce back loan 5,090 9,167
Hire purchase contracts 100,213 110,388
105,303 119,555

FENCING ESSEX LIMITED (REGISTERED NUMBER: 09001881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 116,368 126,136

The HP liability is secured on the assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2