Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3182023-04-01falseNo description of principal activity8truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08800172 2023-04-01 2024-03-31 08800172 2022-04-01 2023-03-31 08800172 2024-03-31 08800172 2023-03-31 08800172 c:Director1 2023-04-01 2024-03-31 08800172 c:RegisteredOffice 2023-04-01 2024-03-31 08800172 d:PlantMachinery 2023-04-01 2024-03-31 08800172 d:PlantMachinery 2024-03-31 08800172 d:PlantMachinery 2023-03-31 08800172 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800172 d:MotorVehicles 2023-04-01 2024-03-31 08800172 d:MotorVehicles 2024-03-31 08800172 d:MotorVehicles 2023-03-31 08800172 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800172 d:OfficeEquipment 2023-04-01 2024-03-31 08800172 d:OfficeEquipment 2024-03-31 08800172 d:OfficeEquipment 2023-03-31 08800172 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800172 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800172 d:Goodwill 2024-03-31 08800172 d:Goodwill 2023-03-31 08800172 d:CurrentFinancialInstruments 2024-03-31 08800172 d:CurrentFinancialInstruments 2023-03-31 08800172 d:Non-currentFinancialInstruments 2024-03-31 08800172 d:Non-currentFinancialInstruments 2023-03-31 08800172 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08800172 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08800172 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08800172 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08800172 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08800172 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08800172 c:FRS102 2023-04-01 2024-03-31 08800172 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08800172 c:AbridgedAccounts 2023-04-01 2024-03-31 08800172 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08800172 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08800172 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08800172 4 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08800172









I. WALLOND FENCING CONTRACTORS LTD







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
COMPANY INFORMATION


Director
L C Wallond 




Registered number
08800172



Registered office
65 Bishops Oak Ride

Tonbridge

Kent

TN10 3NS




Accountants
Mesher and Stevens Limited

65 Bishops Oak Ride

Tonbridge

Kent

TN10 3NS





 
I. WALLOND FENCING CONTRACTORS LTD
 

CONTENTS



Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Statement of comprehensive income
4
Balance sheet
5 - 6
Notes to the financial statements
7 - 15


 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Director

The director who served during the year was:

L C Wallond 

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 17 February 2025 and signed on its behalf.
 





L C Wallond
Director

Page 1

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
  
 ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 
FOR THE PERIOD ENDED 31 MARCH 2022

You consider that the Company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 15 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Mesher and Stevens Limited
 
65 Bishops Oak Ride
Tonbridge
Kent
TN10 3NS
17 February 2025
Page 2

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
£
£

Turnover
  
3,810,532
2,095,371

Turnover
  
3,810,532
2,095,371

Cost of raw materials and consumables
  
(1,363,543)
(966,038)

Staff costs
  
(337,829)
(297,709)

Depreciation and other amounts written off assets
  
(87,103)
(62,467)

Other charges
  
(1,136,937)
(620,646)

Tax
  
(219,546)
(62,243)

Profit
  
665,574
86,268

The notes on pages 7 to 15 form part of these financial statements.

Page 3

 
I. WALLOND FENCING CONTRACTORS LTD
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
Note
£
£


Profit for the financial year

  

665,574
86,268

Other comprehensive income
  

Total comprehensive income for the year
  
665,574
86,268

There were no recognised gains and losses for 2024 or 2023 other than those included in the profit and loss account.

The notes on pages 7 to 15 form part of these financial statements.

Page 4

 
I. WALLOND FENCING CONTRACTORS LTD
REGISTERED NUMBER: 08800172

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£

  

Fixed assets
  
176,064
248,972

Current assets
  
1,135,154
380,736

Creditors: amounts falling due within one year
 9 
(606,361)
(351,537)

Net current assets
  
 
 
528,793
 
 
29,199

Total assets less current liabilities
  
704,857
278,171

Creditors: amounts falling due after more than one year
 10 
(68,477)
(139,139)

Provisions for liabilities
  

Deferred taxation
  
(44,016)
(62,243)

  
 
 
(44,016)
 
 
(62,243)

Net assets
  
592,364
76,789


  

Capital and reserves
  
592,364
76,789


Page 5

 
I. WALLOND FENCING CONTRACTORS LTD
REGISTERED NUMBER: 08800172
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 February 2025.




L C Wallond
Director

The notes on pages 7 to 15 form part of these financial statements.

Page 6

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company's principal activity is the provision and erection of fencing to business and individuals, The company is a private company limited by shares registered in England. The company's registered office is 65. Bishops Oak Ride, Tonbridge, Kent TN10 3NS. The company number is 08800172.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 7

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 8

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
25%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 9

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.13

Creditors

Short-term creditors are measured at the 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.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Dividends

2024
2023
£
£


Dividends paid in the year
150,000
80,000

150,000
80,000

Page 10

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
15,000



At 31 March 2024

15,000



Amortisation


At 1 April 2023
15,000



At 31 March 2024

15,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 11

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
13,356
354,436
3,535
371,327


Additions
-
14,195
-
14,195



At 31 March 2024

13,356
368,631
3,535
385,522



Depreciation


At 1 April 2023
6,477
113,359
2,518
122,354


Charge for the year on owned assets
1,720
85,129
254
87,103



At 31 March 2024

8,197
198,488
2,772
209,457



Net book value



At 31 March 2024
5,159
170,143
763
176,065



At 31 March 2023
6,878
241,077
1,017
248,972

Vehicles with a net book value of £107,376 included above are held under hire purchase agreements.


7.


Debtors

2024
2023
£
£


Trade debtors
810,652
249,309

Other debtors
300,109
102,375

1,110,761
351,684


Page 12

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,627
7,516

6,627
7,516



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
21,297
21,297

Trade creditors
288,830
250,081

Corporation tax
237,773
-

Other taxation and social security
-
15,513

Obligations under finance lease and hire purchase contracts
51,671
54,521

Accruals and deferred income
6,790
10,125

606,361
351,537



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
30,744
52,551

Net obligations under finance leases and hire purchase contracts
37,733
86,588

68,477
139,139


Page 13

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
21,297
21,297


21,297
21,297

Amounts falling due 1-2 years

Bank loans
21,297
21,297


21,297
21,297

Amounts falling due 2-5 years

Bank loans
9,447
31,254


9,447
31,254


52,041
73,848



12.


Deferred taxation




2024


£






At beginning of year
(62,243)


Charged to profit or loss
18,227



At end of year
(44,016)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(44,016)
(62,243)

(44,016)
(62,243)

Page 14

 
I. WALLOND FENCING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Transactions with directors and exceptional item

Amounts were paid by the company relating to the director Mr L Wallond, Mr Wallond owed the company £56,234 at 1 April 2023 which was the highest amount during the year , The amount was repaid in the year but further amounts were advanced and the director owed the company £53,598 at the year end, This was repaid in the following year.  

 
Page 15