Registered number
04886582
Hawkesbridge Fencing Ltd
Filleted Accounts
30 September 2024
Hawkesbridge Fencing Ltd
Registered number: 04886582
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 229,255 241,981
Current assets
Stocks 73,379 103,576
Debtors 4 145,242 55,769
Cash at bank and in hand 847,112 791,738
1,065,733 951,083
Creditors: amounts falling due within one year 5 (181,746) (200,891)
Net current assets 883,987 750,192
Net assets 1,113,242 992,173
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,113,240 992,171
Shareholders' funds 1,113,242 992,173
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Staveley
Director
Approved by the board on 8 May 2025
Hawkesbridge Fencing Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery and vehicles 15%/25% reducing balance
Office equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 13
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 257,724 300,038 557,762
Additions 42,299 - 42,299
At 30 September 2024 300,023 300,038 600,061
Depreciation
At 1 October 2023 139,582 176,199 315,781
Charge for the year 24,065 30,960 55,025
At 30 September 2024 163,647 207,159 370,806
Net book value
At 30 September 2024 136,376 92,879 229,255
At 30 September 2023 118,142 123,839 241,981
4 Debtors 2024 2023
£ £
Trade debtors 145,242 55,769
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 63,491 107,294
Taxation and social security costs 114,761 90,477
Other creditors 3,494 3,120
181,746 200,891
6 Other information
Hawkesbridge Fencing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Hill Top Farm
Hawkesmill Lane
Coventry
CV5 9FP
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