Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 04306847 Ms Lynda Korytan Mr Paul Matthewman Ms Julie Korytan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04306847 2023-11-30 04306847 2024-11-30 04306847 2023-12-01 2024-11-30 04306847 frs-core:CurrentFinancialInstruments 2024-11-30 04306847 frs-core:FurnitureFittings 2024-11-30 04306847 frs-core:FurnitureFittings 2023-12-01 2024-11-30 04306847 frs-core:FurnitureFittings 2023-11-30 04306847 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 04306847 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04306847 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 04306847 frs-core:MotorVehicles 2024-11-30 04306847 frs-core:MotorVehicles 2023-12-01 2024-11-30 04306847 frs-core:MotorVehicles 2023-11-30 04306847 frs-core:PlantMachinery 2024-11-30 04306847 frs-core:PlantMachinery 2023-12-01 2024-11-30 04306847 frs-core:PlantMachinery 2023-11-30 04306847 frs-core:ShareCapital 2024-11-30 04306847 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04306847 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04306847 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04306847 frs-bus:SmallEntities 2023-12-01 2024-11-30 04306847 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04306847 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04306847 frs-bus:Director1 2023-12-01 2024-11-30 04306847 frs-bus:Director2 2023-12-01 2024-11-30 04306847 frs-bus:Director3 2023-12-01 2024-11-30 04306847 frs-core:CurrentFinancialInstruments 1 2024-11-30 04306847 frs-countries:EnglandWales 2023-12-01 2024-11-30 04306847 2022-11-30 04306847 2023-11-30 04306847 2022-12-01 2023-11-30 04306847 frs-core:CurrentFinancialInstruments 2023-11-30 04306847 frs-core:ShareCapital 2023-11-30 04306847 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04306847 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 04306847
Ilkeston Fencing Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04306847
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 424,762 434,987
424,762 434,987
CURRENT ASSETS
Stocks 5 115,745 114,321
Debtors 6 314,750 269,353
Cash at bank and in hand 330,194 235,315
760,689 618,989
Creditors: Amounts Falling Due Within One Year 7 (483,346 ) (409,314 )
NET CURRENT ASSETS (LIABILITIES) 277,343 209,675
TOTAL ASSETS LESS CURRENT LIABILITIES 702,105 644,662
NET ASSETS 702,105 644,662
CAPITAL AND RESERVES
Called up share capital 8 1,003 1,003
Profit and Loss Account 701,102 643,659
SHAREHOLDERS' FUNDS 702,105 644,662
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lynda Korytan
Director
28 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ilkeston Fencing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04306847 . The registered office is Unit 2B, Hallam Fields Rd, Ilkeston, Derbyshire, DE7 4AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 33% straight line
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 24)
23 24
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2023 453,938 144,905 174,871 4,539 778,253
As at 30 November 2024 453,938 144,905 174,871 4,539 778,253
Depreciation
As at 1 December 2023 48,207 142,555 147,965 4,539 343,266
Provided during the period - 2,350 7,875 - 10,225
As at 30 November 2024 48,207 144,905 155,840 4,539 353,491
Net Book Value
As at 30 November 2024 405,731 - 19,031 - 424,762
As at 1 December 2023 405,731 2,350 26,906 - 434,987
5. Stocks
2024 2023
£ £
Stock 115,745 114,321
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 309,750 269,353
Prepayments and accrued income 5,000 -
314,750 269,353
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 290,337 211,062
Corporation tax 58,071 50,564
Other taxes and social security 18,301 16,342
VAT 6,058 17,638
Other creditors (1) 2,579 6,208
Accruals and deferred income 3,000 2,500
Directors' loan accounts 105,000 105,000
483,346 409,314
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,003 1,003
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