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REGISTERED NUMBER: 03048224 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 July 2024

for

Hassett Fencing Limited

Hassett Fencing Limited (Registered number: 03048224)

Contents of the Financial Statements
For The Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hassett Fencing Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: Mr A R Hassett
Mrs S Hassett
Mr J E R Hassett
Ms L A Hassett





SECRETARY: Mr A R Hassett





REGISTERED OFFICE: Old Quarry Field
Harborough Road
Pitsford
Northampton
NN6 9RU





REGISTERED NUMBER: 03048224 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Hassett Fencing Limited (Registered number: 03048224)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,150 7,150
Tangible assets 5 795,030 720,167
802,180 727,317

CURRENT ASSETS
Stocks 664,773 627,014
Debtors 6 142,203 196,471
Cash at bank and in hand 1,114,082 1,155,361
1,921,058 1,978,846
CREDITORS
Amounts falling due within one year 7 345,503 379,847
NET CURRENT ASSETS 1,575,555 1,598,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,377,735

2,326,316

PROVISIONS FOR LIABILITIES 76,968 43,540
NET ASSETS 2,300,767 2,282,776

Hassett Fencing Limited (Registered number: 03048224)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,300,765 2,282,774
SHAREHOLDERS' FUNDS 2,300,767 2,282,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





Mr A R Hassett - Director


Hassett Fencing Limited (Registered number: 03048224)

Notes to the Financial Statements
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

Hassett Fencing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Intangible assets
Intangible assets are measured at cost and are not being amortised.

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 etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,using either a straight line or reducing balance method, as indicated above.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Hassett Fencing Limited (Registered number: 03048224)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 7,150
NET BOOK VALUE
At 31 July 2024 7,150
At 31 July 2023 7,150

Hassett Fencing Limited (Registered number: 03048224)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Yard Plant and Motor Office
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 426,764 353,250 216,783 6,742 1,003,539
Additions - 60,830 93,990 - 154,820
Disposals - (78,692 ) (26,611 ) - (105,303 )
At 31 July 2024 426,764 335,388 284,162 6,742 1,053,056
DEPRECIATION
At 1 August 2023 - 204,914 74,568 3,890 283,372
Charge for year - 21,316 35,943 340 57,599
Eliminated on disposal - (62,649 ) (20,296 ) - (82,945 )
At 31 July 2024 - 163,581 90,215 4,230 258,026
NET BOOK VALUE
At 31 July 2024 426,764 171,807 193,947 2,512 795,030
At 31 July 2023 426,764 148,336 142,215 2,852 720,167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,203 196,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,872 77,853
Taxation and social security 241,317 225,040
Other creditors 66,314 76,954
345,503 379,847