Silverfin false false 30/11/2024 01/06/2023 30/11/2024 Gayle Ann Barr 23/09/2019 Lee Robert Hampton 31/05/2013 29 August 2025 The principal activity of the company continued to be that of fencing services and provision of rope access services to the offshore industry. SC451238 2024-11-30 SC451238 bus:Director1 2024-11-30 SC451238 bus:Director2 2024-11-30 SC451238 2023-05-31 SC451238 core:CurrentFinancialInstruments 2024-11-30 SC451238 core:CurrentFinancialInstruments 2023-05-31 SC451238 core:Non-currentFinancialInstruments 2024-11-30 SC451238 core:Non-currentFinancialInstruments 2023-05-31 SC451238 core:ShareCapital 2024-11-30 SC451238 core:ShareCapital 2023-05-31 SC451238 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC451238 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC451238 core:PlantMachinery 2023-05-31 SC451238 core:Vehicles 2023-05-31 SC451238 core:FurnitureFittings 2023-05-31 SC451238 core:OfficeEquipment 2023-05-31 SC451238 core:PlantMachinery 2024-11-30 SC451238 core:Vehicles 2024-11-30 SC451238 core:FurnitureFittings 2024-11-30 SC451238 core:OfficeEquipment 2024-11-30 SC451238 core:CostValuation 2023-05-31 SC451238 core:CostValuation 2024-11-30 SC451238 2022-05-31 SC451238 bus:OrdinaryShareClass1 2024-11-30 SC451238 2023-06-01 2024-11-30 SC451238 bus:FilletedAccounts 2023-06-01 2024-11-30 SC451238 bus:SmallEntities 2023-06-01 2024-11-30 SC451238 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-11-30 SC451238 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-11-30 SC451238 bus:Director1 2023-06-01 2024-11-30 SC451238 bus:Director2 2023-06-01 2024-11-30 SC451238 core:PlantMachinery 2023-06-01 2024-11-30 SC451238 core:Vehicles 2023-06-01 2024-11-30 SC451238 core:FurnitureFittings 2023-06-01 2024-11-30 SC451238 core:OfficeEquipment 2023-06-01 2024-11-30 SC451238 2022-06-01 2023-05-31 SC451238 core:CurrentFinancialInstruments 2023-06-01 2024-11-30 SC451238 core:Non-currentFinancialInstruments 2023-06-01 2024-11-30 SC451238 bus:OrdinaryShareClass1 2023-06-01 2024-11-30 SC451238 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC451238 (Scotland)

LEE HAMPTON FENCING LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 JUNE 2023 TO 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

LEE HAMPTON FENCING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2023 TO 30 NOVEMBER 2024

Contents

LEE HAMPTON FENCING LTD

BALANCE SHEET

AS AT 30 NOVEMBER 2024
LEE HAMPTON FENCING LTD

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 30.11.2024 31.05.2023
£ £
Fixed assets
Tangible assets 3 69,044 73,798
Investments 4 50 50
69,094 73,848
Current assets
Stocks 0 5,000
Debtors 5 0 59,323
Cash at bank and in hand 6 25,686 54,204
25,686 118,527
Creditors: amounts falling due within one year 7 ( 61,908) ( 116,798)
Net current (liabilities)/assets (36,222) 1,729
Total assets less current liabilities 32,872 75,577
Creditors: amounts falling due after more than one year 8 ( 7,526) ( 46,797)
Provision for liabilities 9, 10 ( 13,208) ( 14,022)
Net assets 12,138 14,758
Capital and reserves
Called-up share capital 11 2 2
Profit and loss account 12,136 14,756
Total shareholders' funds 12,138 14,758

For the financial period 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 financial statements of Lee Hampton Fencing Ltd (registered number: SC451238) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Lee Robert Hampton
Director
LEE HAMPTON FENCING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2023 TO 30 NOVEMBER 2024
LEE HAMPTON FENCING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2023 TO 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lee Hampton Fencing Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Lea Rig, West Ballochy, Montrose, DD10 9LP, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounting period was extended from 31 May 2024 to 30 November 2024 so the comparatives are not entirely comparable.

Turnover

Turnover represents amounts receivable for fencing services net of VAT.

Turnover is recognised when the company has entitlement to the income in exchange for the provision of fencing services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.06.2023 to
30.11.2024
Year ended
31.05.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 3

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 June 2023 134,626 69,560 2,078 3,992 210,256
Additions 7,147 16,214 0 0 23,361
Disposals 0 ( 17,915) 0 0 ( 17,915)
At 30 November 2024 141,773 67,859 2,078 3,992 215,702
Accumulated depreciation
At 01 June 2023 84,483 47,912 1,658 2,405 136,458
Charge for the financial period 12,099 13,525 95 602 26,321
Disposals 0 ( 16,121) 0 0 ( 16,121)
At 30 November 2024 96,582 45,316 1,753 3,007 146,658
Net book value
At 30 November 2024 45,191 22,543 325 985 69,044
At 31 May 2023 50,143 21,648 420 1,587 73,798

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 June 2023 50 50
At 30 November 2024 50 50
Carrying value at 30 November 2024 50 50
Carrying value at 31 May 2023 50 50

5. Debtors

30.11.2024 31.05.2023
£ £
Trade debtors 0 59,323

6. Cash and cash equivalents

30.11.2024 31.05.2023
£ £
Cash at bank and in hand 25,686 54,204

7. Creditors: amounts falling due within one year

30.11.2024 31.05.2023
£ £
Bank loans 9,530 ( 515)
Trade creditors 2,969 35,000
Taxation and social security 39,450 56,110
Obligations under finance leases and hire purchase contracts 6,481 2,719
Other creditors 3,478 23,484
61,908 116,798

Included within bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

Obligations under hire purchase contracts are secured over the assets to which they relate.

8. Creditors: amounts falling due after more than one year

30.11.2024 31.05.2023
£ £
Bank loans 5,470 28,827
Obligations under finance leases and hire purchase contracts 2,056 17,970
7,526 46,797

Included within bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

Obligations under hire purchase contracts are secured over the assets to which they relate.

9. Provision for liabilities

30.11.2024 31.05.2023
£ £
Deferred tax 13,208 14,022

10. Deferred tax

30.11.2024 31.05.2023
£ £
At the beginning of financial period/year ( 14,022) ( 22,724)
Credited to the Profit and Loss Account 814 8,702
At the end of financial period/year ( 13,208) ( 14,022)

11. Called-up share capital

30.11.2024 31.05.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

12. Related party transactions

Other related party transactions

30.11.2024 31.05.2023
£ £
Directors' Loan Account 478 13,643

Advances totalling £75,357 were made to the directors' in the period and £88,522 was repaid. Interest of £1,076 was charged at HMRC's official rate of interest of 2.25%. The loan is unsecured and has no fixed terms of repayment.