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Company Registration No. 12883344 (England and Wales)
FIRST LINE FENCING LTD Unaudited accounts for the year ended 30 September 2024
FIRST LINE FENCING LTD Unaudited accounts Contents
Page
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FIRST LINE FENCING LTD Company Information for the year ended 30 September 2024
Director
K TIMSON
Company Number
12883344 (England and Wales)
Registered Office
OAK FARM OAKS FARM CLOSE SIX HILLS MELTON MOWBRAY LEICESTER LE14 3PH ENGLAND
Accountants
AJD Accountancy Services Ltd The Bungalow Coppice Lane Queniborough Leicester LE7 3DR
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FIRST LINE FENCING LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,599 
38,534 
Current assets
Debtors
529,045 
458,082 
Cash at bank and in hand
32,962 
19,795 
562,007 
477,877 
Creditors: amounts falling due within one year
(197,260)
(150,426)
Net current assets
364,747 
327,451 
Total assets less current liabilities
415,346 
365,985 
Creditors: amounts falling due after more than one year
(9,314)
- 
Provisions for liabilities
Deferred tax
(12,649)
(7,321)
Net assets
393,383 
358,664 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
393,283 
358,564 
Shareholders' funds
393,383 
358,664 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 March 2025 and were signed on its behalf by
K TIMSON Director Company Registration No. 12883344
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FIRST LINE FENCING LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
FIRST LINE FENCING LTD is a private company, limited by shares, registered in England and Wales, registration number 12883344. The registered office is OAK FARM OAKS FARM CLOSE, SIX HILLS, MELTON MOWBRAY, LEICESTER, LE14 3PH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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FIRST LINE FENCING LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
22,371 
30,750 
53,121 
Additions
12,036 
11,650 
23,686 
At 30 September 2024
34,407 
42,400 
76,807 
Depreciation
At 1 October 2023
4,749 
9,838 
14,587 
Charge for the year
4,883 
6,738 
11,621 
At 30 September 2024
9,632 
16,576 
26,208 
Net book value
At 30 September 2024
24,775 
25,824 
50,599 
At 30 September 2023
17,622 
20,912 
38,534 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
64,911 
Other debtors
529,045 
393,171 
529,045 
458,082 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
27,756 
30,147 
Taxes and social security
168,668 
119,187 
Accruals
836 
1,092 
197,260 
150,426 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,314 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K TIMSON
DIRECTOR LOAN
283,334 
144,022 
58,647 
368,709 
283,334 
144,022 
58,647 
368,709 
The director loan balance included in other debtors as at the balance sheet date was £368,709 (2023 £283,334). Interest is charged on the overdrawn balance at the official the of interest at 2.5%.
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FIRST LINE FENCING LTD Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 6).
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