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Registered number: 14663415
Sky Fencing Ltd
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14663415
28 February 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,095 36,633
30,095 36,633
CURRENT ASSETS
Stocks 5 18,985 17,650
Debtors 6 475 4,537
Cash at bank and in hand 21,086 13,275
40,546 35,462
Creditors: Amounts Falling Due Within One Year 7 (66,237 ) (61,587 )
NET CURRENT ASSETS (LIABILITIES) (25,691 ) (26,125 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,404 10,508
Creditors: Amounts Falling Due After More Than One Year 8 (4,318 ) (10,468 )
NET ASSETS 86 40
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 85 39
SHAREHOLDERS' FUNDS 86 40
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ozzie Osman
Director
24 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sky Fencing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14663415 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 6 (2024: 5)
6 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2024 30,821 13,914 44,735
As at 28 February 2025 30,821 13,914 44,735
Depreciation
As at 1 March 2024 4,623 3,479 8,102
Provided during the period 3,930 2,608 6,538
As at 28 February 2025 8,553 6,087 14,640
Net Book Value
As at 28 February 2025 22,268 7,827 30,095
As at 1 March 2024 26,198 10,435 36,633
5. Stocks
28 February 2025 29 February 2024
£ £
Stock 18,985 17,650
6. Debtors
28 February 2025 29 February 2024
£ £
Due within one year
Trade debtors 475 4,537
7. Creditors: Amounts Falling Due Within One Year
28 February 2025 29 February 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,982 8,232
Other creditors 51,248 43,013
Taxation and social security 7,007 10,342
66,237 61,587
Page 4
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8. Creditors: Amounts Falling Due After More Than One Year
28 February 2025 29 February 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,318 10,468
9. Share Capital
28 February 2025 29 February 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5