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REGISTERED NUMBER: 01054518 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2025

for

B & M Fencing Limited

B & M Fencing Limited (Registered number: 01054518)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & M Fencing Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mrs P E L Barrett
I Barrett
C Barrett
D R Eades





SECRETARY: Mrs P E L Barrett





REGISTERED OFFICE: Reading Road
Rotherwick
Hook
Hampshire
RG27 9DB





REGISTERED NUMBER: 01054518 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

B & M Fencing Limited (Registered number: 01054518)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,077 98,508

CURRENT ASSETS
Stocks 178,940 136,965
Debtors 5 50,055 85,029
Cash at bank and in hand 125,007 128,399
354,002 350,393
CREDITORS
Amounts falling due within one year 6 221,031 180,212
NET CURRENT ASSETS 132,971 170,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,048

268,689

CREDITORS
Amounts falling due after more than one
year

7

(10,982

)

(27,038

)

PROVISIONS FOR LIABILITIES 10 (14,075 ) (19,485 )
NET ASSETS 181,991 222,166

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 181,891 222,066
SHAREHOLDERS' FUNDS 181,991 222,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

B & M Fencing Limited (Registered number: 01054518)

Balance Sheet - continued
31 January 2025


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 29 April 2025 and were signed on its behalf by:




I Barrett - Director



C Barrett - Director


B & M Fencing Limited (Registered number: 01054518)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

B & M 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


B & M Fencing Limited (Registered number: 01054518)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2024 16,347 92,006 14,015 161,206 283,574
Additions - 3,400 - - 3,400
At 31 January 2025 16,347 95,406 14,015 161,206 286,974
DEPRECIATION
At 1 February 2024 14,283 62,525 7,208 101,050 185,066
Charge for year 2,064 9,713 1,012 15,042 27,831
At 31 January 2025 16,347 72,238 8,220 116,092 212,897
NET BOOK VALUE
At 31 January 2025 - 23,168 5,795 45,114 74,077
At 31 January 2024 2,064 29,481 6,807 60,156 98,508

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £17,731 (2024: £32,920).

B & M Fencing Limited (Registered number: 01054518)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 43,178 46,287
Other debtors 6,877 38,742
50,055 85,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 6,138 7,903
Trade creditors 141,894 93,479
Taxation and social security 45,525 45,613
Other creditors 17,474 23,217
221,031 180,212

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 9,248 19,166
Hire purchase contracts (see note 8) 1,734 7,872
10,982 27,038

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 6,138 7,903
Between one and five years 1,734 7,872
7,872 15,775

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Hire purchase contracts 7,872 15,775

B & M Fencing Limited (Registered number: 01054518)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


10. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 14,075 19,485

Deferred
tax
£   
Balance at 1 February 2024 19,485
Accelerated capital allowances (5,410 )
Balance at 31 January 2025 14,075

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

During the year the company paid rent totalling £77,400 (2024: £77,400) to directors and £38,700 (2024: £38,700) to a family member of the directors.