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Registered number: 14807090
Mint Fencing & Groundworks Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
AJI Accounting Solutions Ltd
Accsol House
High Street, Johnstown
Wrexham
LL14 2SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14807090
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,840 11,070
Tangible Assets 5 31,585 41,748
41,425 52,818
CURRENT ASSETS
Debtors 6 15,628 1,190
Cash at bank and in hand 521 4,763
16,149 5,953
Creditors: Amounts Falling Due Within One Year 7 (27,633 ) (16,245 )
NET CURRENT ASSETS (LIABILITIES) (11,484 ) (10,292 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,941 42,526
Creditors: Amounts Falling Due After More Than One Year 8 (34,207 ) (39,876 )
NET (LIABILITIES)/ASSETS (4,266 ) 2,650
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (4,267 ) 2,649
SHAREHOLDERS' FUNDS (4,266) 2,650
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Ithell
Director
25/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mint Fencing & Groundworks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14807090 . The registered office is Accsol House, High Street, Johnstown, Wrexham, LL14 2SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 12,300
As at 31 March 2025 12,300
Amortisation
As at 1 April 2024 1,230
Provided during the period 1,230
As at 31 March 2025 2,460
Net Book Value
As at 31 March 2025 9,840
As at 1 April 2024 11,070
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 3,220 52,015 55,235
As at 31 March 2025 3,220 52,015 55,235
Depreciation
As at 1 April 2024 483 13,004 13,487
Provided during the period 411 9,752 10,163
As at 31 March 2025 894 22,756 23,650
Net Book Value
As at 31 March 2025 2,326 29,259 31,585
As at 1 April 2024 2,737 39,011 41,748
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6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 15,526 1,043
Other debtors 102 147
15,628 1,190
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 6,515 (206 )
Other creditors 17,310 14,416
Taxation and social security 3,808 2,035
27,633 16,245
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 34,207 39,876
9. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 34,207 39,876
10. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 1 1
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