REGISTERED NUMBER: 08316234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

FAST FENCE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Robinson

REGISTERED OFFICE:

Unit 9

Greenhey Place

East Gillibrands

Skelmersdale

Lancashire

WN8 9SA

REGISTERED NUMBER:

08316234 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

206,676

182,829

CURRENT ASSETS

Stocks

431,876

300,934

Debtors

5

613,954

380,366

Cash at bank and in hand

60,673

38,079

1,106,503

719,379

CREDITORS

Amounts falling due within one year

6

830,207

507,118

NET CURRENT ASSETS

276,296

212,261

TOTAL ASSETS LESS CURRENT LIABILITIES

482,972

395,090

CREDITORS

Amounts falling due after more than one year

7

(123,070

)

(113,306

)

PROVISIONS FOR LIABILITIES

(27,267

)

-

NET ASSETS

332,635

281,784

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

332,634

281,783

SHAREHOLDERS' FUNDS

332,635

281,784

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 May 2025 and were signed by:

M Robinson - Director

1.	STATUTORY INFORMATION

Fast Fence Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the net invoiced value of goods sold and services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 18 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

7,797

51,663

139,680

28,696

227,836

Additions

-

-

81,322

1,651

82,973

At 31 October 2024

7,797

51,663

221,002

30,347

310,809

DEPRECIATION

At 1 November 2023

5,126

12,341

6,809

20,731

45,007

Charge for year

668

9,831

44,118

4,509

59,126

At 31 October 2024

5,794

22,172

50,927

25,240

104,133

NET BOOK VALUE

At 31 October 2024

2,003

29,491

170,075

5,107

206,676

At 31 October 2023

2,671

39,322

132,871

7,965

182,829

The net book value of tangible fixed assets includes £ 170,075 (2023 - £ 132,871 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

495,465

302,014

Other debtors

118,489

78,352

613,954

380,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,333

10,078

Hire purchase contracts (see note 8)

50,066

34,097

Trade creditors

338,862

254,251

Taxation and social security

52,228

22,640

Other creditors

378,718

186,052

830,207

507,118

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,029

17,362

Hire purchase contracts (see note 8)

116,041

95,944

123,070

113,306

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

50,066

34,097

Between one and five years

116,041

95,944

166,107

130,041

Non-cancellable operating

leases

2024

2023

£

£

Within one year

9,020

935

Between one and five years

9,020

-

18,040

935

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Robinson.