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Company Registration number: 03357630

E & M Fencing Contractors Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

E & M Fencing Contractors Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 11

 

E & M Fencing Contractors Limited

(Registration number: 03357630)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

115,817

114,837

Current assets

 

Stocks

5

39,987

25,775

Debtors

6

288,617

482,904

Cash at bank and in hand

 

1,002,927

849,751

 

1,331,531

1,358,430

Creditors: Amounts falling due within one year

7

(309,752)

(213,710)

Net current assets

 

1,021,779

1,144,720

Total assets less current liabilities

 

1,137,596

1,259,557

Creditors: Amounts falling due after more than one year

7

(65,857)

(65,909)

Provisions for liabilities

(28,954)

(28,709)

Net assets

 

1,042,785

1,164,939

Capital and reserves

 

Called up share capital

8

180

180

Retained earnings

1,042,605

1,164,759

Shareholders' funds

 

1,042,785

1,164,939

 

E & M Fencing Contractors Limited

(Registration number: 03357630)
Balance Sheet as at 30 November 2024

For the financial year ending 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:

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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2025 and signed on its behalf by:
 

.........................................
Mr E Whitcombe
Director

.........................................
Mr K T Davies
Director

.........................................
Mr C Davies
Director

.........................................
Mr M Pentland
Director

     
 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

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

The address of its registered office is:
Sir Alfred Owen Way
Pontygwindy Industrial Estate
Caerphilly
CF83 3HU

These financial statements were authorised for issue by the Board on 30 July 2025.

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.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

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

Plant and machinery

20% on cost

Fixtures and fittings

15% on cost

Motor vehicles

25% on cost

Office equipment

25% on cost

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 25).

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 December 2023

10,572

108,232

-

329,521

Additions

-

-

440

41,309

Disposals

-

-

-

(21,695)

At 30 November 2024

10,572

108,232

440

349,135

Depreciation

At 1 December 2023

10,561

96,716

-

226,211

Charge for the year

-

4,629

73

36,067

Eliminated on disposal

-

-

-

(21,695)

At 30 November 2024

10,561

101,345

73

240,583

Carrying amount

At 30 November 2024

11

6,887

367

108,552

At 30 November 2023

11

11,516

-

103,310

Total
£

Cost or valuation

At 1 December 2023

448,325

Additions

41,749

Disposals

(21,695)

At 30 November 2024

468,379

Depreciation

At 1 December 2023

333,488

Charge for the year

40,769

Eliminated on disposal

(21,695)

At 30 November 2024

352,562

Carrying amount

At 30 November 2024

115,817

At 30 November 2023

114,837

5

Stocks

2024
£

2023
£

Stock

39,987

25,775

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

255,457

401,579

Prepayments

1,824

1,821

Other debtors

31,336

79,504

 

288,617

482,904

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

25,511

22,812

Trade creditors

 

130,482

108,999

Taxation and social security

 

65,431

65,563

Accruals and deferred income

 

2,950

2,950

Other creditors

 

85,378

13,386

 

309,752

213,710

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £25,511 (2023 - £22,812).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

65,857

65,909

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £65,857 (2023 - £65,909).

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

65,857

65,909

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2024
£

2023
£

Current loans and borrowings

Hire purchase contracts

25,511

22,812

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

27,000

27,000

Later than one year and not later than five years

108,000

108,000

Later than five years

346,500

373,500

481,500

508,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £27,000 (2023 - £27,334).

11

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Mr K T Davies

Interest free and unsecured

165

(49,546)

76,500

27,119

         
       

Mr E Whitcombe

Interest free and unsecured

420

(58,800)

82,000

23,620

         
       

Mr C Davies

Interest free and unsecured

8

(52,500)

74,000

21,508

         
       

Mr M Pentland

Interest free and unsecured

730

(39,000)

50,500

12,230

         
       

 

 

E & M Fencing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Mr K T Davies

Interest free and unsecured

(1,445)

(20,390)

22,000

165

         
       

Mr E Whitcombe

Interest free and unsecured

-

(28,580)

29,000

420

         
       

Mr C Davies

Interest free and unsecured

-

(26,992)

27,000

8

         
       

Mr M Pentland

Interest free and unsecured

-

(20,270)

21,000

730