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REGISTERED NUMBER: SC237703 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Redhouse Fencing Limited

Redhouse Fencing Limited (Registered number: SC237703)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redhouse Fencing Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S McCormick
G McCormick
J McCormick





SECRETARY: G McCormick





REGISTERED OFFICE: The Pond Industrial Park
Whitburn Road
Bathgate
West Lothian
EH48 2HR





REGISTERED NUMBER: SC237703 (Scotland)





ACCOUNTANTS: Bennett and Co
Chartered Accountants
25 Lanark Road
Edinburgh
EH14 1TG

Redhouse Fencing Limited (Registered number: SC237703)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 72,866 64,041

CURRENT ASSETS
Stocks 5 62,017 64,725
Debtors 6 492,578 428,514
Cash at bank and in hand 407,896 538,383
962,491 1,031,622
CREDITORS
Amounts falling due within one year 7 (147,910 ) (210,556 )
NET CURRENT ASSETS 814,581 821,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

887,447

885,107

PROVISIONS FOR LIABILITIES 8 (7,595 ) (5,168 )
NET ASSETS 879,852 879,939

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 879,850 879,937
SHAREHOLDERS' FUNDS 879,852 879,939

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.

Redhouse Fencing Limited (Registered number: SC237703)

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.

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 3 June 2025 and were signed on its behalf by:




G McCormick - Director



J McCormick - Director


Redhouse Fencing Limited (Registered number: SC237703)

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

1. STATUTORY INFORMATION

Redhouse Fencing Limited is a private company, limited by shares , registered in Scotland. 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.
Portacabin - 10% on cost
Tools and equipment - 20% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

Stock and work in progress
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.

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.

Redhouse Fencing Limited (Registered number: SC237703)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Tools and Motor Office
Portacabin equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 42,275 27,515 76,147 18,194 164,131
Additions - 637 30,000 302 30,939
Disposals - - (26,476 ) (4,548 ) (31,024 )
At 31 October 2024 42,275 28,152 79,671 13,948 164,046
DEPRECIATION
At 1 November 2023 8,454 25,522 55,689 10,425 100,090
Charge for year 4,227 775 11,963 2,083 19,048
Eliminated on disposal - - (23,870 ) (4,088 ) (27,958 )
At 31 October 2024 12,681 26,297 43,782 8,420 91,180
NET BOOK VALUE
At 31 October 2024 29,594 1,855 35,889 5,528 72,866
At 31 October 2023 33,821 1,993 20,458 7,769 64,041

5. STOCKS
31.10.24 31.10.23
£    £   
Stock and work in progress 62,017 64,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 438,953 375,038
Other debtors 2,419 1,784
Directors' loan accounts 20,000 20,000
Corporation tax repayable 681 -
VAT 30,525 31,692
492,578 428,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 68,548 35,408
Corporation tax - 41,886
Social security and other taxes 6,482 8,144
Other creditors 14,988 14,189
Directors' loan accounts 57,892 110,929
147,910 210,556

Redhouse Fencing Limited (Registered number: SC237703)

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

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 7,595 5,168

Deferred
tax
£   
Balance at 1 November 2023 5,168
Provided during year 2,427
Balance at 31 October 2024 7,595

9. RESERVES
Retained
earnings
£   

At 1 November 2023 879,937
Profit for the year 3,913
Dividends (4,000 )
At 31 October 2024 879,850

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
J McCormick
Balance outstanding at start of year 20,000 -
Amounts advanced - 20,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 20,000

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.