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Company No: 09377847 (England and Wales)

# TATE AND TONBRIDGE FENCING LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TATE AND TONBRIDGE FENCING LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TATE AND TONBRIDGE FENCING LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
TATE AND TONBRIDGE FENCING LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | G. J. Tate
| N. P. Tate
| V. Tate

REGISTERED OFFICE | Yellowcoat Sawmill
| Hastings Road
| Flimwell
| Wadhurst
| TN5 7PR
| East Sussex
| United Kingdom

COMPANY NUMBER | 09377847 (England and Wales)

ACCOUNTANT | S&W Partners (South East) Limited
| Brockbourne House
| 77 Mount Ephraim
| Royal Tunbridge Wells
| TN4 8BS

TATE AND TONBRIDGE FENCING LIMITED

## BALANCE SHEET

As at 31 March 2025
TATE AND TONBRIDGE FENCING LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 39,200 |  | 49,000
Tangible assets | 4 | 127,164 |  | 111,292
|  | 166,364 |  | 160,292
Current assets |  |  |  |
Stocks | 5 | 83,268 |  | 185,925
Debtors | 6 | 181,518 |  | 163,218
Cash at bank and in hand |  | 64,920 |  | 23,573
|  | 329,706 |  | 372,716
Creditors: amounts falling due within one year | 7 | ( 394,698) |  | ( 359,037)
Net current (liabilities)/assets |  | (64,992) |  | 13,679
Total assets less current liabilities |  | 101,372 |  | 173,971
Provision for liabilities | 8 | ( 31,675) |  | ( 26,601)
Net assets |  | 69,697 |  | 147,370
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | 69,696 |  | 147,369
Total shareholder's funds |  | 69,697 |  | 147,370

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tate and Tonbridge Fencing Limited (registered number: 09377847) were approved and authorised for issue by the Board of Directors on 03 September 2025. They were signed on its behalf by:

N. P. Tate Director |  | G. J. Tate Director

TATE AND TONBRIDGE FENCING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TATE AND TONBRIDGE FENCING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

Tate and Tonbridge Fencing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Yellowcoat Sawmill, Hastings Road, Flimwell, Wadhurst, TN5 7PR, East Sussex, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

##### Going concern

During the year the Company has made a post-tax loss of £77,673 and has net current liabilities of £64,992, with overall net assets of £69,697. Having taken into account all available information about the Company’s trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the Company is a going concern.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue is recognised on the following bases:
Supply-only: revenue is recognised when the goods are collected or received by the customer.
Installation: for smaller contracting jobs, revenue is recognised on completion of the work undertaken, whereas for the larger contracting jobs, revenue is recognised on a monthly basis for the work completed to date.

##### Employee benefits

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

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

##### 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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### 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 - 33 % reducing balance
Vehicles | 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
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.

##### 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. Cost is calculated using the FIFO (first-in, first-out) method. 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.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### 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

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 31 |  | 31

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 98,000 |  | 98,000
At 31 March 2025 | 98,000 |  | 98,000
Accumulated amortisation |  |  |
At 01 April 2024 | 49,000 |  | 49,000
Charge for the financial year | 9,800 |  | 9,800
At 31 March 2025 | 58,800 |  | 58,800
Net book value |  |  |
At 31 March 2025 | 39,200 |  | 39,200
At 31 March 2024 | 49,000 |  | 49,000

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 60,395 |  | 246,234 |  | 306,629
Additions | 2,144 |  | 54,490 |  | 56,634
Disposals | ( 26,233) |  | ( 19,562) |  | ( 45,795)
At 31 March 2025 | 36,306 |  | 281,162 |  | 317,468
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 34,823 |  | 160,514 |  | 195,337
Charge for the financial year | 5,052 |  | 24,927 |  | 29,979
Disposals | ( 18,459) |  | ( 16,553) |  | ( 35,012)
At 31 March 2025 | 21,416 |  | 168,888 |  | 190,304
Net book value |  |  |  |  |
At 31 March 2025 | 14,890 |  | 112,274 |  | 127,164
At 31 March 2024 | 25,572 |  | 85,720 |  | 111,292
Leased assets included above: |  |  |  |  |
Net book value |  |  |  |  |
At 31 March 2025 | 0 |  | 19,724 |  | 19,724
At 31 March 2024 | 0 |  | 32,482 |  | 32,482

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 36,068 |  | 100,713
Work in progress | 47,200 |  | 85,212
| 83,268 |  | 185,925

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 105,680 |  | 116,321
Amounts owed by Group undertakings | 30,258 |  | 31,080
Prepayments | 45,580 |  | 13,986
Corporation tax | 0 |  | 1,831
| 181,518 |  | 163,218

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 53,806 |  | 35,610
Amounts owed to Group undertakings | 222,001 |  | 157,364
Accruals and deferred income | 67,856 |  | 103,831
Other taxation and social security | 46,209 |  | 56,836
Other creditors | 4,826 |  | 5,396
| 394,698 |  | 359,037

Included within Amounts owed to Group undertakings is a loan of £80,000 to Tate Fencing Limited, a fellow subsidiary of the Company. This loan is repayable on demand and does not bear interest. The remaining balance relates to purchases made in the usual course of business, which are conducted under normal market terms.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 26,601) |  | ( 34,056)
(Charged)/credited to the Statement of Income and Retained Earnings | ( 5,074) |  | 7,455
At the end of financial year | ( 31,675) |  | ( 26,601)

#### 9. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Not later than 1 year | 6,926 |  | 66,773
Later than 1 year and note later than 5 years | 5,195 |  | 0
| 12,121 |  | 66,773

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the above periods.