Company registration number 06686535 (England and Wales)
RM FROGLEY FENCING & LANDSCAPING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
RM FROGLEY FENCING & LANDSCAPING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
RM FROGLEY FENCING & LANDSCAPING LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
49,928
41,097
Current assets
Debtors
4
4,776
5,746
Cash at bank and in hand
72,039
39,171
76,815
44,917
Creditors: amounts falling due within one year
5
(86,691)
(81,961)
Net current liabilities
(9,876)
(37,044)
Total assets less current liabilities
40,052
4,053
Creditors: amounts falling due after more than one year
6
(1,131)
(3,065)
Net assets
38,921
988
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
38,821
888
Total equity
38,921
988

For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 March 2025
Mr R M Frogley
Director
Company registration number 06686535 (England and Wales)
RM FROGLEY FENCING & LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

RM Frogley Fencing & Landscaping Limited is a private company limited by shares incorporated in England and Wales. The registered office is Shepherds Barn, Napton on The Hill, Southam, Warwickshire, CV47 8NY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
33% straight line
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

RM FROGLEY FENCING & LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
RM FROGLEY FENCING & LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
123,111
1,130
-
0
35,021
159,262
Additions
3,019
-
0
282
30,750
34,051
Disposals
-
0
(1,130)
-
0
(23,854)
(24,984)
At 30 September 2024
126,130
-
0
282
41,917
168,329
Depreciation and impairment
At 1 October 2023
96,637
1,128
-
0
20,400
118,165
Depreciation charged in the year
7,373
-
0
94
7,688
15,155
Eliminated in respect of disposals
-
0
(1,128)
-
0
(13,791)
(14,919)
At 30 September 2024
104,010
-
0
94
14,297
118,401
Carrying amount
At 30 September 2024
22,120
-
0
188
27,620
49,928
At 30 September 2023
26,474
2
-
0
14,621
41,097
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,909
5,168
Prepayments and accrued income
867
578
4,776
5,746
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,220
2,220
Trade creditors
3,772
1,499
Corporation tax
17,063
10,720
Other taxation and social security
6,033
8,092
Other creditors
56,626
58,404
Accruals and deferred income
977
1,026
86,691
81,961
RM FROGLEY FENCING & LANDSCAPING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
1,131
3,065
7
Directors' transactions

Dividends totalling £32,000 (2023 - £32,000) were paid in the year in respect of shares held by the company's directors.

Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr R M Frogley -
57,915
35,016
(39,176)
53,755
57,915
35,016
(39,176)
53,755
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