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Registered Number: 02796322
England and Wales

 

 

 

ATKINSONS FENCING LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 920,772    934,804 
Investments 5 988,135    707,565 
1,908,907    1,642,369 
Current assets      
Stocks 6 717,661    779,239 
Debtors 7 1,148,282    863,415 
Cash at bank and in hand 1,274,547    1,211,747 
3,140,490    2,854,401 
Creditors: amount falling due within one year 8 (1,706,029)   (1,336,612)
Net current assets 1,434,461    1,517,789 
 
Total assets less current liabilities 3,343,368    3,160,158 
Provisions for liabilities 9 (73,196)   (74,152)
Net assets 3,270,172    3,086,006 
 

Capital and reserves
     
Called up share capital 10 12,997    12,997 
Reserves 11 1,824    1,824 
Profit and loss account 3,255,351    3,071,185 
Shareholders' funds 3,270,172    3,086,006 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 11 June 2025 and were signed on its behalf by:


-------------------------------
M Atkinson
Director
1
General Information
Atkinsons Fencing Limited is a private company, limited by shares, registered in England and Wales, registration number 02796322, registration address Green Lane, Cutsyke, Castleford, West Yorkshire, WF10 5JL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 100 (2023 : 102).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2023 53,824    53,824 
Additions  
Disposals  
At 30 November 2024 53,824    53,824 
Amortisation
At 01 December 2023 53,824    53,824 
Charge for year  
On disposals  
At 30 November 2024 53,824    53,824 
Net book values
At 30 November 2024  
At 30 November 2023  


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 December 2023 675,434    1,136,796    318,315    114,823    148,933    2,394,301 
Additions   2,250    83,064      6,933    92,247 
Disposals     (14,340)       (14,340)
At 30 November 2024 675,434    1,139,046    387,039    114,823    155,866    2,472,208 
Depreciation
At 01 December 2023 139,906    848,728    233,595    108,308    128,958    1,459,495 
Charge for year   50,940    39,161    2,160    2,880    95,141 
On disposals     (3,200)       (3,200)
At 30 November 2024 139,906    899,668    269,556    110,468    131,838    1,551,436 
Net book values
Closing balance as at 30 November 2024 535,528    239,378    117,483    4,355    24,028    920,772 
Opening balance as at 01 December 2023 535,528    288,066    84,720    4,343    22,147    934,804 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 December 2023 707,565    707,565 
Additions 45,371    45,371 
Transfer to/from tangible fixed assets  
Disposals  
Revaluations 235,199    235,199 
At 30 November 2024 988,135    988,135 

6.

Stocks

2024
£
  2023
£
Stocks 717,661    779,239 
717,661    779,239 

7.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 618,095    423,620 
Other Debtors 422,180    439,795 
1,040,275    863,415 

7.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors 108,007   
108,007   

8.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 640,318    724,023 
Taxation and Social Security 284,011    224,833 
Other Creditors 781,700    387,756 
1,706,029    1,336,612 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 73,196    74,152 
73,196    74,152 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each   3,334 
1 Ordinary A share of £1.00 each   999 
5,496 Ordinary B shares of £1.00 each 5,496    3,331 
5,496 Ordinary C shares of £1.00 each 5,496    3,330 
999 Ordinary D shares of £1.00 each 999    999 
999 Ordinary E shares of £1.00 each 999    999 
1 Ordinary F share of £1.00 each  
1 Ordinary G share of £1.00 each  
1 Ordinary H share of £1.00 each  
1 Ordinary I share of £1.00 each  
1 Ordinary J share of £1.00 each  
12,997    12,997 
Shares
All classes of shares rank Pari Passu for voting, dividends and distributions.

11.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 1,824    1,824 
1,824    1,824 

12.

Directors Loans

The balance of the directors loans at  30 November 2024  was £320,022 (2023 £221,065), the loans are repayable on demand and interest free.
Particulars   b/forward
£
  Advances
£
  Credits
£
  c/forward
£
Directors 221,064  596,840  (497,882) 320,022 
13.

Controlling Party

The company was under the control of its directors throughout this and the previous year.
2