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REGISTERED NUMBER: 05982374 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Fence Line UK (Holsworthy) Limited

Fence Line UK (Holsworthy) Limited (Registered number: 05982374)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Fence Line UK (Holsworthy) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D J Stephens
J J Miles





REGISTERED OFFICE: Metherell Gard Limited
Burn View
Bude
Cornwall
EX23 8BX





REGISTERED NUMBER: 05982374 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Chartered Accountants
Burn View
Bude
Cornwall
EX23 8BX

Fence Line UK (Holsworthy) Limited (Registered number: 05982374)

Abridged Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 37,672 44,597
Tangible assets 5 399,287 371,717
436,959 416,314

CURRENT ASSETS
Stocks 440,396 356,219
Debtors 533,329 558,852
Cash at bank 274,481 218,611
1,248,206 1,133,682
CREDITORS
Amounts falling due within one year 604,291 530,003
NET CURRENT ASSETS 643,915 603,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,874

1,019,993

PROVISIONS FOR LIABILITIES 89,800 80,800
NET ASSETS 991,074 939,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 990,974 939,093
SHAREHOLDERS' FUNDS 991,074 939,193

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 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.

Fence Line UK (Holsworthy) Limited (Registered number: 05982374)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 May 2025 and were signed on its behalf by:





D J Stephens - Director


Fence Line UK (Holsworthy) Limited (Registered number: 05982374)

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


1. STATUTORY INFORMATION

Fence Line UK (Holsworthy) 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.

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 is measured at the fair value of the consideration received or receivable net of VAT and trade
discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2006 and 2012, is being amortised evenly over its estimated useful life of 20 years. Provision is made for any impairment.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Long leasehold- 8 years on cost
Plant and machinery etc- 25% on reducing balance

The depreciation policy on the land and buildings is 2% per annum after taking into account the residual value of the properties which is believed by the directors to be at least the original cost of the assets purchased.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Fence Line UK (Holsworthy) Limited (Registered number: 05982374)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Financial instruments
All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors, trade and other creditors and bank loans.

Debtors and creditors receivable / payable 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.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 138,506
AMORTISATION
At 1 November 2023 93,909
Amortisation for year 6,925
At 31 October 2024 100,834
NET BOOK VALUE

At 31 October 2024 37,672
At 31 October 2023 44,597

Fence Line UK (Holsworthy) Limited (Registered number: 05982374)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 772,441
Additions 122,502
Disposals (42,334 )
At 31 October 2024 852,609
DEPRECIATION
At 1 November 2023 400,724
Charge for year 87,673
Eliminated on disposal (35,075 )
At 31 October 2024 453,322
NET BOOK VALUE
At 31 October 2024 399,287
At 31 October 2023 371,717

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,658 10,658
Between one and five years 42,632 42,632
In more than five years 6,217 16,875
59,507 70,165