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REGISTERED NUMBER: 04848950 (England and Wales)

























Financial Statements

for the Year Ended 31 July 2024

for

R J Talbot Fencing Limited

R J Talbot Fencing Limited (Registered number: 04848950)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R J Talbot Fencing Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R J Talbot





SECRETARY: Mrs E A Talbot





REGISTERED OFFICE: No 1 New Cottages
Chilvester Hill
Calne
Wiltshire
SN11 0LS





REGISTERED NUMBER: 04848950 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

R J Talbot Fencing Limited (Registered number: 04848950)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,337 48,706
65,337 48,706

CURRENT ASSETS
Stocks 1,560 1,690
Debtors 6 3,129 2,268
4,689 3,958
CREDITORS
Amounts falling due within one year 7 24,722 23,127
NET CURRENT LIABILITIES (20,033 ) (19,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,304

29,537

CREDITORS
Amounts falling due after more than
one year

8

(28,751

)

(17,207

)

PROVISIONS FOR LIABILITIES (16,332 ) (12,176 )
NET ASSETS 221 154

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 101 34
SHAREHOLDERS' FUNDS 221 154

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

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

R J Talbot Fencing Limited (Registered number: 04848950)

Balance Sheet - continued
31 July 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 3 February 2025 and were signed by:





R J Talbot - Director


R J Talbot Fencing Limited (Registered number: 04848950)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

R J Talbot 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is fully amortised.

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.

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 etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

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.


R J Talbot Fencing Limited (Registered number: 04848950)

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

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023
and 31 July 2024 10,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

R J Talbot Fencing Limited (Registered number: 04848950)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 118,598
Additions 42,400
Disposals (30,000 )
At 31 July 2024 130,998
DEPRECIATION
At 1 August 2023 69,892
Charge for year 17,922
Eliminated on disposal (22,153 )
At 31 July 2024 65,661
NET BOOK VALUE
At 31 July 2024 65,337
At 31 July 2023 48,706

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 60,900
Additions 42,400
Disposals (28,500 )
At 31 July 2024 74,800
DEPRECIATION
At 1 August 2023 30,281
Charge for year 15,371
Eliminated on disposal (21,737 )
At 31 July 2024 23,915
NET BOOK VALUE
At 31 July 2024 50,885
At 31 July 2023 30,619

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 3,129 2,268

R J Talbot Fencing Limited (Registered number: 04848950)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 668 2,874
Trade creditors 2,287 1,721
Other creditors 21,767 18,532
24,722 23,127

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 28,751 17,207