REGISTERED NUMBER: 05317604 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

R J Fencing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Stacey

D M Stacey

M Stacey

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

LE1 3RW

REGISTERED NUMBER:

05317604 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

314,210

335,539

CURRENT ASSETS

Stocks

435,000

435,000

Debtors

5

828,808

387,866

Cash at bank and in hand

187,805

474,218

1,451,613

1,297,084

CREDITORS

Amounts falling due within one year

6

(343,082

)

(350,265

)

NET CURRENT ASSETS

1,108,531

946,819

TOTAL ASSETS LESS CURRENT LIABILITIES

1,422,741

1,282,358

CREDITORS

Amounts falling due after more than one year

7

(73,679

)

(97,555

)

PROVISIONS FOR LIABILITIES

(33,411

)

(37,489

)

NET ASSETS

1,315,651

1,147,314

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

1,315,401

1,147,064

SHAREHOLDERS' FUNDS

1,315,651

1,147,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

D M Stacey - Director

1.	STATUTORY INFORMATION

R J Fencing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33 1/3% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

184,035

50,128

99,733

Additions

-

-

-

At 31 December 2024

184,035

50,128

99,733

DEPRECIATION

At 1 January 2024

20,705

50,128

94,716

Charge for year

3,681

-

1,254

At 31 December 2024

24,386

50,128

95,970

NET BOOK VALUE

At 31 December 2024

159,649

-

3,763

At 31 December 2023

163,330

-

5,017

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

17,212

486,211

8,187

845,506

Additions

-

38,740

1,495

40,235

At 31 December 2024

17,212

524,951

9,682

885,741

DEPRECIATION

At 1 January 2024

14,227

324,314

5,877

509,967

Charge for year

1,176

54,742

711

61,564

At 31 December 2024

15,403

379,056

6,588

571,531

NET BOOK VALUE

At 31 December 2024

1,809

145,895

3,094

314,210

At 31 December 2023

2,985

161,897

2,310

335,539

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

492,969

286,512

Other debtors

335,839

101,354

828,808

387,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

23,875

21,149

Trade creditors

202,701

161,769

Taxation and social security

104,475

155,660

Other creditors

12,031

11,687

343,082

350,265

Other creditors includes accruals and deferred income of £6,245 (2023 - £6,130).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

73,679

97,555

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

16,187

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

97,554

118,704

The hire purchase creditors are secured on the related assets included in the financial statements.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

D M Stacey

Balance outstanding at start of year

-

-

Amounts advanced

145,634

44,726

Amounts repaid

-

(44,726

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

145,634

-

J Stacey

Balance outstanding at start of year

-

-

Amounts advanced

92,206

5,742

Amounts repaid

-

(5,742

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

92,206

-

M Stacey

Balance outstanding at start of year

-

-

Amounts advanced

97,121

13,602

Amounts repaid

-

(13,602

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

97,121

-

The above loans are subject to HMRC's official rate of interest and are repayable on demand.