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Registration number: 04099663

Kendrick Fencing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Kendrick Fencing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Kendrick Fencing Limited

Company Information

Director

Mr T C Kendrick

Company secretary

Mrs M R Simon

Registered office

Breton
Verwood Road
Woodlands
Wimborne
Dorset
BH21 8LJ

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Kendrick Fencing Limited

(Registration number: 04099663)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,808

5,080

Current assets

 

Stocks

5

4,087

3,848

Debtors

6

28,114

19,629

Cash at bank and in hand

 

23,342

1,793

 

55,543

25,270

Creditors: Amounts falling due within one year

7

(42,541)

(19,357)

Net current assets

 

13,002

5,913

Total assets less current liabilities

 

16,810

10,993

Creditors: Amounts falling due after more than one year

7

(6,029)

-

Provisions for liabilities

(724)

(965)

Net assets

 

10,057

10,028

Capital and reserves

 

Called up share capital

2

2

Retained earnings

10,055

10,026

Shareholders' funds

 

10,057

10,028

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2025
 

.........................................
Mr T C Kendrick
Director

 

Kendrick Fencing Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Breton
Verwood Road
Woodlands
Wimborne
Dorset
BH21 8LJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Kendrick Fencing Limited

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

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Equipment, fixtures & fittings

25% reducing balance

Plant & machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Kendrick Fencing Limited

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

4

Tangible assets

Equipment, fixtures & fittings
 £

Motor vehicles
 £

Plant & machinery
 £

Total
£

Cost or valuation

At 1 November 2023

2,406

12,600

2,758

17,764

At 31 October 2024

2,406

12,600

2,758

17,764

Depreciation

At 1 November 2023

2,357

7,722

2,605

12,684

Charge for the year

13

1,220

39

1,272

At 31 October 2024

2,370

8,942

2,644

13,956

Carrying amount

At 31 October 2024

36

3,658

114

3,808

At 31 October 2023

49

4,878

153

5,080

5

Stocks

2024
£

2023
£

Work in progress

3,337

3,098

Other inventories

750

750

4,087

3,848

6

Debtors

2024
£

2023
£

Trade debtors

25,226

15,030

Prepayments

311

297

Other debtors

2,577

4,302

28,114

19,629

 

Kendrick Fencing Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,331

-

Trade creditors

 

19,403

7,521

Taxation and social security

 

9,317

8,888

Accruals and deferred income

 

1,890

1,800

Other creditors

 

4,600

1,148

 

42,541

19,357

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

6,029

-

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

6,029

-

2024
£

2023
£

Current loans and borrowings

Bank borrowings

7,331

-