IRIS Accounts Production v24.3.2.46 10667582 Board of Directors 1.4.23 31.3.24 31.3.24 0 false true false false true false 106540 149638 124243 80902 79000 124000 151783 106540 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106675822023-03-31106675822024-03-31106675822023-04-012024-03-31106675822022-03-31106675822022-04-012023-03-31106675822023-03-3110667582ns15:EnglandWales2023-04-012024-03-3110667582ns14:PoundSterling2023-04-012024-03-3110667582ns10:Director12023-04-012024-03-3110667582ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110667582ns10:SmallEntities2023-04-012024-03-3110667582ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3110667582ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110667582ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110667582ns10:AbridgedAccounts2023-04-012024-03-3110667582ns10:Director1412023-03-3110667582ns10:Director1412022-03-3110667582ns10:Director1412023-04-012024-03-3110667582ns10:Director1412022-04-012023-03-3110667582ns10:Director1412024-03-3110667582ns10:Director1412023-03-3110667582ns10:Director22023-04-012024-03-3110667582ns10:RegisteredOffice2023-04-012024-03-3110667582ns5:CurrentFinancialInstruments2024-03-3110667582ns5:CurrentFinancialInstruments2023-03-3110667582ns5:Non-currentFinancialInstruments2024-03-3110667582ns5:Non-currentFinancialInstruments2023-03-3110667582ns5:ShareCapital2024-03-3110667582ns5:ShareCapital2023-03-3110667582ns5:RetainedEarningsAccumulatedLosses2024-03-3110667582ns5:RetainedEarningsAccumulatedLosses2023-03-3110667582ns5:PlantMachinery2023-04-012024-03-3110667582ns5:FurnitureFittings2023-04-012024-03-3110667582ns5:MotorVehicles2023-04-012024-03-3110667582ns5:ComputerEquipment2023-04-012024-03-31106675821ns10:Director12023-03-31106675821ns10:Director12022-03-31106675821ns10:Director12023-04-012024-03-31106675821ns10:Director12022-04-012023-03-31106675821ns10:Director12024-03-31106675821ns10:Director12023-03-31
REGISTERED NUMBER: 10667582 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

Northwest Fencing Limited

Northwest Fencing Limited (Registered number: 10667582)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Northwest Fencing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Ellis
C J Williams





REGISTERED OFFICE: Unit E Graylaw Trading Estate
Wareing Road
Aintree
Liverpool
Merseyside
L9 7AU





REGISTERED NUMBER: 10667582 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Northwest Fencing Limited (Registered number: 10667582)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 257,177 291,627

CURRENT ASSETS
Stocks 938,000 945,695
Debtors 1,324,856 1,189,110
Cash at bank and in hand 28,497 227,607
2,291,353 2,362,412
CREDITORS
Amounts falling due within one year 1,900,280 1,958,047
NET CURRENT ASSETS 391,073 404,365
TOTAL ASSETS LESS CURRENT LIABILITIES 648,250 695,992

CREDITORS
Amounts falling due after more than one year (131,912 ) (183,369 )

PROVISIONS FOR LIABILITIES (48,863 ) (52,018 )
NET ASSETS 467,475 460,605

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 467,474 460,604
SHAREHOLDERS' FUNDS 467,475 460,605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Northwest Fencing Limited (Registered number: 10667582)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 January 2025 and were signed on its behalf by:





D Ellis - Director


Northwest Fencing Limited (Registered number: 10667582)

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

1. STATUTORY INFORMATION

Northwest 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
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 in the profit & loss account represents revenue recognised for services fully delivered during the period exclusive of value added tax.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

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.

Northwest Fencing Limited (Registered number: 10667582)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 24 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 396,064
Additions 12,323
At 31 March 2024 408,387
DEPRECIATION
At 1 April 2023 104,437
Charge for year 46,773
At 31 March 2024 151,210
NET BOOK VALUE
At 31 March 2024 257,177
At 31 March 2023 291,627

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 167,400
DEPRECIATION
At 1 April 2023 4,185
Charge for year 18,435
At 31 March 2024 22,620
NET BOOK VALUE
At 31 March 2024 144,780
At 31 March 2023 163,215

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Ellis and D Ellis
Balance outstanding at start of year 106,540 149,638
Amounts advanced 124,243 80,902
Amounts repaid (79,000 ) (124,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 151,783 106,540

The loans were unsecured, repayment on demand and 2% interest has been charged on the average balance of the loan throughout the year.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Northwest Fencing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northwest Fencing Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Northwest Fencing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Northwest Fencing Limited and state those matters that we have agreed to state to the Board of Directors of Northwest Fencing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Northwest Fencing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Northwest Fencing Limited. You consider that Northwest Fencing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Northwest Fencing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW


Date: .............................................