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REGISTERED NUMBER: 04502579 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

J & G Fencing Limited

J & G Fencing Limited (Registered number: 04502579)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & G Fencing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J Price
J E Gwyther
J L Langridge





SECRETARY: J L Langridge





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 04502579 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

J & G Fencing Limited (Registered number: 04502579)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,230,370 1,215,022
1,230,370 1,215,022

CURRENT ASSETS
Stocks 6 871,699 1,151,553
Debtors 7 3,606,145 2,326,936
Cash at bank 4,574 195
4,482,418 3,478,684
CREDITORS
Amounts falling due within one year 8 3,874,799 2,986,434
NET CURRENT ASSETS 607,619 492,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,837,989

1,707,272

CREDITORS
Amounts falling due after more than one year 9 (270,794 ) (432,442 )

PROVISIONS FOR LIABILITIES (60,902 ) (51,719 )
NET ASSETS 1,506,293 1,223,111

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Fair value reserve 10 449,070 449,070
Retained earnings 1,055,973 772,791
SHAREHOLDERS' FUNDS 1,506,293 1,223,111

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

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

J & G Fencing Limited (Registered number: 04502579)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




J L Langridge - Director A J Price - Director




J E Gwyther - Director


J & G Fencing Limited (Registered number: 04502579)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

J & G 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 initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on straight line basis
Fixtures and fittings - 20% on straight line basis
Motor vehicles - 25% on straight line basis and 20% on straight line basis
Computer equipment - 25% on straight line basis and 20% on straight line basis

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 balance sheet date.

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.

J & G Fencing Limited (Registered number: 04502579)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 23 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 September 2023
and 31 August 2024 23,192
AMORTISATION
At 1 September 2023
and 31 August 2024 23,192
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 1,043,947 148,233 5,338
Additions - 9,877 -
Disposals - - -
At 31 August 2024 1,043,947 158,110 5,338
DEPRECIATION
At 1 September 2023 43,947 72,151 1,878
Charge for year 20,879 16,944 865
Eliminated on disposal - - -
At 31 August 2024 64,826 89,095 2,743
NET BOOK VALUE
At 31 August 2024 979,121 69,015 2,595
At 31 August 2023 1,000,000 76,082 3,460

J & G Fencing Limited (Registered number: 04502579)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 346,240 34,474 1,578,232
Additions 146,744 19,456 176,077
Disposals (67,800 ) - (67,800 )
At 31 August 2024 425,184 53,930 1,686,509
DEPRECIATION
At 1 September 2023 221,782 23,452 363,210
Charge for year 57,392 9,515 105,595
Eliminated on disposal (12,666 ) - (12,666 )
At 31 August 2024 266,508 32,967 456,139
NET BOOK VALUE
At 31 August 2024 158,676 20,963 1,230,370
At 31 August 2023 124,458 11,022 1,215,022

Included within Motor vehicles are assets of £137,459 (2023: £124,458), which were acquired under a hire purchase agreement or finance lease.

6. STOCKS
2024 2023
£    £   
Stocks & WIP 871,699 1,151,553

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,559,666 2,274,514
Other debtors 36,338 36,358
VAT - 4,183
Prepayments 10,141 11,881
3,606,145 2,326,936

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,430 69,710
Other loans 346,855 126,077
Hire purchase contracts 23,543 35,647
Trade creditors 2,429,683 1,999,028
Tax 162,823 133,322
Social security and other taxes 32,145 5,489
Pension 3,495 3,024
VAT 55,661 -
Other creditors 652,569 602,430
Accrued expenses 100,595 11,707
3,874,799 2,986,434

J & G Fencing Limited (Registered number: 04502579)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Within other creditors includes a balance of £652,569 (2023: £602,430) in respect of factored debts. This balance is secured by way of a fixed and floating charge over the company's assets.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan more than 1 year 197,652 262,802
Loan more than 1 year - 114,482
Hire purchase contracts 72,338 52,784
Directors' loan accounts 804 2,374
270,794 432,442

10. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 449,070

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £108,237 (2023 - £93,000) were paid to the directors .