Registered number
07166841
Peart Fencing Limited
Report and Accounts
27 June 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Peart Fencing Limited
Registered number: 07166841
Balance Sheet
as at 27 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 148,148 163,211
Current assets
Stocks 642,141 811,380
Debtors 4 1,719,342 1,529,835
Cash at bank and in hand 41,874 37,403
2,403,357 2,378,618
Creditors: amounts falling due within one year 5 (1,590,490) (1,483,936)
Net current assets 812,867 894,682
Total assets less current liabilities 961,015 1,057,893
Creditors: amounts falling due after more than one year 6 (74,485) (183,211)
Provisions for liabilities (37,037) (40,803)
Net assets 849,493 833,879
Capital and reserves
Called up share capital 707,780 707,780
Share premium 4,667 4,667
Profit and loss account 137,046 121,432
Shareholders' funds 849,493 833,879
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Forster
Director
Approved by the board on 26 March 2025
Peart Fencing Limited
Notes to the Accounts
for the year ended 27 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 10% to 25% straight line
Plant and machinery 15% to 50% straight line
Fixtures, fittings, tools and equipment 15% to 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 32 34
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 28 June 2023 363,338 38,258 401,596
Additions 21,459 29,329 50,788
At 27 June 2024 384,797 67,587 452,384
Depreciation
At 28 June 2023 217,632 20,753 238,385
Charge for the year 56,511 9,340 65,851
At 27 June 2024 274,143 30,093 304,236
Net book value
At 27 June 2024 110,654 37,494 148,148
At 27 June 2023 145,706 17,505 163,211
4 Debtors 2024 2023
£ £
Trade debtors 641,799 447,819
Amounts owed by group undertakings and undertakings in which the company has a participating interest 836,251 836,251
Other debtors 241,292 245,765
1,719,342 1,529,835
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 61,554 55,692
Obligations under finance lease and hire purchase contracts 51,991 46,019
Trade creditors 1,244,996 1,116,144
Corporation tax 83,688 67,212
Other taxes and social security costs 26,947 21,172
Other creditors 121,314 177,697
1,590,490 1,483,936
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 49,374 106,467
Obligations under finance lease and hire purchase contracts 25,111 76,744
74,485 183,211
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
8 Controlling party
The ultimate holding company is FDM Investments Limited, a company incorporated in the UK.
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