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REGISTERED NUMBER: 05335771 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JR FENCING & SONS LIMITED

JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JR FENCING & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs E L Russell





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 05335771 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 197,149 112,607
197,149 112,607

CURRENT ASSETS
Stocks 6 48,437 69,140
Debtors 7 136,900 100,542
Cash at bank and in hand 31,866 142,698
217,203 312,380
CREDITORS
Amounts falling due within one year 8 174,149 164,686
NET CURRENT ASSETS 43,054 147,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,203

260,301

CREDITORS
Amounts falling due after more than one
year

9

5,252

12,656
NET ASSETS 234,951 247,645

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 234,949 247,643
SHAREHOLDERS' FUNDS 234,951 247,645

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:





Mrs E L Russell - Director


JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

JR Fencing & Sons 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 0, is being amortised evenly over its estimated useful life of nil years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 35,000
AMORTISATION
At 1 June 2023
and 31 May 2024 35,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 June 2023 - 182,618 2,772
Additions 80,065 4,849 5,032
Disposals - - -
At 31 May 2024 80,065 187,467 7,804
DEPRECIATION
At 1 June 2023 - 106,539 1,307
Charge for year - 11,950 432
Eliminated on disposal - - -
At 31 May 2024 - 118,489 1,739
NET BOOK VALUE
At 31 May 2024 80,065 68,978 6,065
At 31 May 2023 - 76,079 1,465

JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 June 2023 79,109 2,763 267,262
Additions 19,500 623 110,069
Disposals (6,000 ) - (6,000 )
At 31 May 2024 92,609 3,386 371,331
DEPRECIATION
At 1 June 2023 44,258 2,551 154,655
Charge for year 9,931 142 22,455
Eliminated on disposal (2,928 ) - (2,928 )
At 31 May 2024 51,261 2,693 174,182
NET BOOK VALUE
At 31 May 2024 41,348 693 197,149
At 31 May 2023 34,851 212 112,607

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
COST
At 1 June 2023
and 31 May 2024 65,250
DEPRECIATION
At 1 June 2023
and 31 May 2024 24,392
NET BOOK VALUE
At 31 May 2024 40,858
At 31 May 2023 40,858

6. STOCKS
2024 2023
£ £
Stocks 29,642 27,856
Work-in-progress 18,795 41,284
48,437 69,140

JR FENCING & SONS LIMITED (REGISTERED NUMBER: 05335771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 136,900 100,542

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 7,405 7,658
Trade creditors 76,540 39,467
Tax 2,538 39,728
Social security and other taxes 3,055 2,593
VAT 38,204 9,135
Other creditors 2,787 606
Directors' current accounts 312 7,402
Accruals and deferred income 42,847 57,621
Accrued expenses 461 476
174,149 164,686

Other creditors consists of an amount of £2,787 (2023: £606) due in respect of pension contributions.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 5,252 12,656

10. CALLED UP SHARE CAPITAL

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E L Russell.