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REGISTERED NUMBER: 05295117 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

RB FENCING LTD

RB FENCING LTD (REGISTERED NUMBER: 05295117)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RB FENCING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mrs F J Richardson
Mrs J M Richardson
M Richardson





SECRETARY: Mrs F J Richardson





REGISTERED OFFICE: Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP





REGISTERED NUMBER: 05295117 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP

RB FENCING LTD (REGISTERED NUMBER: 05295117)

BALANCE SHEET
30 NOVEMBER 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 385,153 405,925
Investment property 5 245,000 245,000
630,153 650,925

CURRENT ASSETS
Stocks 8,000 7,500
Debtors 6 126,363 258,401
Cash at bank and in hand 183,757 74,523
318,120 340,424
CREDITORS
Amounts falling due within one year 7 203,155 257,428
NET CURRENT ASSETS 114,965 82,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,118

733,921

CREDITORS
Amounts falling due after more than one year 8 (238,801 ) (296,250 )

PROVISIONS FOR LIABILITIES (13,654 ) (18,847 )
NET ASSETS 492,663 418,824

CAPITAL AND RESERVES
Called up share capital 67 67
Capital redemption reserve 33 33
Retained earnings 492,563 418,724
SHAREHOLDERS' FUNDS 492,663 418,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

RB FENCING LTD (REGISTERED NUMBER: 05295117)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings 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:





M Richardson - Director


RB FENCING LTD (REGISTERED NUMBER: 05295117)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Rb Fencing Ltd 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 consists of income derived from the normal operating activities of the company during the year, net of discounts and VAT.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

The residual value of the freehold property is equal to its carrying value, therefore there is no depreciation charged. In the opinion of the directors, the estimated economic life of the tangible asset exceeds 50 years.

Investment land
Investment land (arable land) is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss account.

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 Statement of Income and Retained Earnings, 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.

RB FENCING LTD (REGISTERED NUMBER: 05295117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

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 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 330,536 221,648 552,184
Additions - 1,161 1,161
Disposals - (17,817 ) (17,817 )
At 30 November 2024 330,536 204,992 535,528
DEPRECIATION
At 1 December 2023 - 146,259 146,259
Charge for year - 17,348 17,348
Eliminated on disposal - (13,232 ) (13,232 )
At 30 November 2024 - 150,375 150,375
NET BOOK VALUE
At 30 November 2024 330,536 54,617 385,153
At 30 November 2023 330,536 75,389 405,925

The net book value of tangible fixed assets includes £ 22,330 (2023 - £ 45,891 ) in respect of assets held under hire purchase contracts.

RB FENCING LTD (REGISTERED NUMBER: 05295117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 245,000
NET BOOK VALUE
At 30 November 2024 245,000
At 30 November 2023 245,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 114,157 247,446
Other debtors 2,126 2,591
Prepayments 10,080 8,364
126,363 258,401

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 13,540 18,244
Other loans 12,000 12,000
Hire purchase contracts 13,777 12,607
Trade creditors 84,098 113,958
Corporation tax 54,508 40,912
Social security and other taxes 2,000 13,736
VAT 11,919 36,848
Other creditors 7,874 6,203
Directors' loan accounts 45 -
Accruals 3,394 2,920
203,155 257,428

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans - 1-2 years 14,147 11,720
Bank loans - 2-5 years 46,080 38,799
Bank loans repayable over more
than 5 years 77,728 107,108
Other loans - 1-2 years 12,000 12,000
Other loans - 2-5 years 36,000 36,000
Other loans repayable over more than 5 years 49,219 73,219
Hire purchase contracts 3,627 17,404
238,801 296,250

RB FENCING LTD (REGISTERED NUMBER: 05295117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/11/24 30/11/23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable over more
than 5 years 77,728 107,108
Other loans repayable over more than 5 years 49,219 73,219
126,947 180,327

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/24 30/11/23
£    £   
Bank loans 151,495 175,871
Other loans 109,219 133,219
260,714 309,090