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REGISTERED NUMBER: 06769104 (England and Wales)















Martin Cashmore Fencing limited

Financial Statements for the Year Ended 31st December 2024






Martin Cashmore Fencing limited (Registered number: 06769104)

Contents of the Financial Statements
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martin Cashmore Fencing limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr M Cashmore
Mrs S Cashmore
Mr J Cashmore





SECRETARY: Mrs S Cashmore





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 06769104 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Martin Cashmore Fencing limited (Registered number: 06769104)

Balance Sheet
31st December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 239,860 184,523
Investments 5 - 10
239,860 184,533

CURRENT ASSETS
Stocks 396,114 387,233
Debtors 6 957,893 940,636
Cash at bank and in hand 244,791 72,724
1,598,798 1,400,593
CREDITORS
Amounts falling due within one year 7 (335,015 ) (228,678 )
NET CURRENT ASSETS 1,263,783 1,171,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,503,643

1,356,448

CREDITORS
Amounts falling due after more than
one year

8

(84,905

)

-

PROVISIONS FOR LIABILITIES (55,153 ) (30,301 )
NET ASSETS 1,363,585 1,326,147

Martin Cashmore Fencing limited (Registered number: 06769104)

Balance Sheet - continued
31st December 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 1,362,585 1,325,147
SHAREHOLDERS' FUNDS 1,363,585 1,326,147

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





Mr M Cashmore - Director


Martin Cashmore Fencing limited (Registered number: 06769104)

Notes to the Financial Statements
for the Year Ended 31st December 2024


1. STATEMENT OF COMPLIANCE

Martin Cashmore Fencing Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 2 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT. The registration number is 06769104..

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents sales of fencing supplies and services. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Martin Cashmore Fencing limited (Registered number: 06769104)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
The only creditor balance that is interest bearing is in relation to the hire purchase loan agreement. All other creditors are non-interest bearing and stated at their nominal values.

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
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.

Martin Cashmore Fencing limited (Registered number: 06769104)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 114,220 113,614 274,127 5,988 507,949
Additions - - 119,250 - 119,250
Disposals - - (27,342 ) - (27,342 )
At 31st December 2024 114,220 113,614 366,035 5,988 599,857
DEPRECIATION
At 1st January 2024 67,189 58,887 191,853 5,497 323,426
Charge for year 7,055 5,472 50,071 73 62,671
Eliminated on disposal - - (26,100 ) - (26,100 )
At 31st December 2024 74,244 64,359 215,824 5,570 359,997
NET BOOK VALUE
At 31st December 2024 39,976 49,255 150,211 418 239,860
At 31st December 2023 47,031 54,727 82,274 491 184,523

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024 10
Disposals (10 )
At 31st December 2024 -
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 10

The Fixed Asset Investments relates to 9% ordinary shareholding of Martin Cashmore Property Ltd, Companies House number 09080839.

Martin Cashmore Fencing limited (Registered number: 06769104)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,046 48,509
Amounts owed by group undertakings 925,688 889,036
Other debtors 3,159 3,091
957,893 940,636

Amounts owed from group undertakings are unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 4,911 -
Trade creditors 160,262 32,928
Taxation and social security 129,125 152,857
Other creditors 40,717 42,893
335,015 228,678

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 84,905 -

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,911 -
Between one and five years 84,905 -
89,816 -

The hire purchase lease is secured on the asset.

Martin Cashmore Fencing limited (Registered number: 06769104)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1st January 2024 1,325,147
Profit for the year 205,938
Dividends (168,500 )
At 31st December 2024 1,362,585

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr M Cashmore
Balance outstanding at start of year (37,180 ) (37,184 )
Amounts advanced 80,633 64,366
Amounts repaid (80,630 ) (64,362 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,177 ) (37,180 )

Mrs S Cashmore
Balance outstanding at start of year (2,399 ) (8 )
Amounts advanced 80,745 62,866
Amounts repaid (78,283 ) (65,257 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63 (2,399 )

Martin Cashmore Fencing limited (Registered number: 06769104)

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


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J Cashmore
Balance outstanding at start of year (15 ) 1
Amounts advanced 30,441 26,484
Amounts repaid (30,500 ) (26,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74 ) (15 )

13. RELATED PARTY DISCLOSURES

Martin Cashmore Property Limited

A company with common ownership.

During the year Martin Cashmore Property Limited charged rent of £34,000 (2023: £34,000) to Martin Cashmore Fencing Limited.

Martin Cashmore Fencing Limited has also given corporate guarantee in relation to the secured mortgages of Martin Cashmore Property Limited.