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
FIRST LINE FENCING LTD
Company Information
for the year ended 30 September 2024
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
FIRST LINE FENCING LTD
Statement of financial position
as at 30 September 2024
Tangible assets
50,599
38,534
Cash at bank and in hand
32,962
19,795
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
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
FIRST LINE FENCING LTD
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
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
At 30 September 2024
24,775
25,824
50,599
At 30 September 2023
17,622
20,912
38,534
Amounts falling due after more than one year
Other debtors
529,045
393,171
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
168,668
119,187
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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%.
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).