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REGISTERED NUMBER: 01999904 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

B G Fencing Limited

B G Fencing Limited (Registered number: 01999904)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B G Fencing Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs B Bamber
Mr S M Bamber
Mr M L Bamber
Mr C M Bamber





REGISTERED OFFICE: Blackbull Lane
Fulwood
Preston
Lancs
PR2 3PU





REGISTERED NUMBER: 01999904 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

B G Fencing Limited (Registered number: 01999904)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,318,655 1,131,953

CURRENT ASSETS
Stocks 579,872 566,474
Debtors 5 180,696 212,664
Cash at bank and in hand 838,713 1,077,386
1,599,281 1,856,524
CREDITORS
Amounts falling due within one year 6 347,535 398,076
NET CURRENT ASSETS 1,251,746 1,458,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,570,401

2,590,401

PROVISIONS FOR LIABILITIES 82,825 106,042
NET ASSETS 2,487,576 2,484,359

CAPITAL AND RESERVES
Called up share capital 144 144
Retained earnings 2,487,432 2,484,215
SHAREHOLDERS' FUNDS 2,487,576 2,484,359

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

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

The directors acknowledge their 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.

B G Fencing Limited (Registered number: 01999904)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mr C M Bamber - Director


B G Fencing Limited (Registered number: 01999904)

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


1. STATUTORY INFORMATION

B G 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 - going concern
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

B G Fencing Limited (Registered number: 01999904)

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


2. ACCOUNTING POLICIES - continued

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 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Freehold
land and Leasehold Plant and
buildings property machinery
£    £    £   
COST
At 1 January 2024 1,056,782 222,732 817,340
Additions 198,731 - -
Disposals - - -
At 31 December 2024 1,255,513 222,732 817,340
DEPRECIATION
At 1 January 2024 310,006 198,547 680,047
Charge for year 19,728 2,246 58,934
Eliminated on disposal - - -
At 31 December 2024 329,734 200,793 738,981
NET BOOK VALUE
At 31 December 2024 925,779 21,939 78,359
At 31 December 2023 746,776 24,185 137,293

B G Fencing Limited (Registered number: 01999904)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 65,493 517,661 7,708 2,687,716
Additions - 193,600 1,349 393,680
Disposals - (93,801 ) - (93,801 )
At 31 December 2024 65,493 617,460 9,057 2,987,595
DEPRECIATION
At 1 January 2024 58,267 302,662 6,234 1,555,763
Charge for year 3,154 111,582 1,408 197,052
Eliminated on disposal - (83,875 ) - (83,875 )
At 31 December 2024 61,421 330,369 7,642 1,668,940
NET BOOK VALUE
At 31 December 2024 4,072 287,091 1,415 1,318,655
At 31 December 2023 7,226 214,999 1,474 1,131,953

Included in cost of land and buildings is freehold land of £ 148,984 (2023 - £ 0 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 127,746 132,492
Other debtors 52,950 80,172
180,696 212,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 1,678
Trade creditors 308,132 306,220
Taxation and social security 23,733 59,848
Other creditors 15,670 30,330
347,535 398,076

B G Fencing Limited (Registered number: 01999904)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr S M Bamber
Balance outstanding at start of year 10,444 25,920
Amounts advanced 4,647 11,643
Amounts repaid (11,625 ) (27,119 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,466 10,444