1 January 2024 false No description of principal activity Taxfiler 2024.6 SC438323business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC4383232023-12-31 SC4383232024-01-012024-12-31 SC438323business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC438323business:FilletedAccounts2024-01-012024-12-31 SC4383232024-12-31 SC438323business:Director12024-01-012024-12-31 SC438323business:RegisteredOffice2024-01-012024-12-31 SC4383232023-12-31 SC438323core:WithinOneYear2024-12-31 SC438323core:WithinOneYear2023-12-31 SC438323core:AfterOneYear2024-12-31 SC438323core:AfterOneYear2023-12-31 SC438323core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC438323core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC438323core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC438323core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC438323core:PreviouslyStatedAmount2024-12-31 SC438323core:PreviouslyStatedAmount2023-12-31 SC438323business:SmallEntities2024-01-012024-12-31 SC438323countries:Scotland2024-01-012024-12-31 SC438323core:PlantMachinery2024-01-012024-12-31 SC438323core:MotorVehicles2024-01-012024-12-31 SC438323core:FurnitureFittings2024-01-012024-12-31 SC438323core:Goodwill2023-12-31 SC438323core:Goodwill2024-12-31 SC438323core:PlantMachinery2023-12-31 SC438323core:MotorVehicles2023-12-31 SC438323core:ComputerEquipment2023-12-31 SC438323core:ComputerEquipment2024-01-012024-12-31 SC438323core:PlantMachinery2024-12-31 SC438323core:MotorVehicles2024-12-31 SC438323core:ComputerEquipment2024-12-31 SC438323core:PlantMachinerycore:LeasedAssetsHeldAsLessee2024-12-31 SC438323core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-12-31 SC438323core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-12-31 SC438323core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-12-31 SC438323core:WithinOneYear2024-01-012024-12-31 SC4383232023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC438323 (Scotland)
Fallhills Fencing Ltd Unaudited accounts for the year ended 31 December 2024
Fallhills Fencing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Fallhills Fencing Ltd Company Information for the year ended 31 December 2024
Director
John Home
Company Number
SC438323 (Scotland)
Registered Office
16 CROOKSTON PLACE PEEBLES EH45 9AL SCOTLAND
Accountants
R Books Limited 16 Crookston Place Peebles Scottish Borders EH45 9AL
- 3 -
Fallhills Fencing Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
438,776 
341,751 
Current assets
Inventories
40,018 
- 
Debtors
6
949 
5,370 
Cash at bank and in hand
252,370 
180,989 
293,337 
186,359 
Creditors: amounts falling due within one year
7
(135,151)
(132,643)
Net current assets
158,186 
53,716 
Total assets less current liabilities
596,962 
395,467 
Creditors: amounts falling due after more than one year
8
(62,396)
(37,952)
Provisions for liabilities
Deferred tax
(99,533)
(74,628)
Net assets
435,033 
282,887 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
434,933 
282,787 
Shareholders' funds
435,033 
282,887 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2025 and were signed on its behalf by
John Home Director Company Registration No. SC438323
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Fallhills Fencing Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fallhills Fencing Ltd is a private company, limited by shares, registered in Scotland, registration number SC438323. The registered office is 16 CROOKSTON PLACE, PEEBLES, EH45 9AL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 10 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% - Reducing Balance
Motor vehicles
15% - Reducing Balance
Fixtures & fittings
25% - Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
- 5 -
Fallhills Fencing Ltd Notes to the Accounts for the year ended 31 December 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
20,000 
At 31 December 2024
20,000 
Amortisation
At 1 January 2024
20,000 
At 31 December 2024
20,000 
Net book value
At 31 December 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
368,001 
80,655 
287 
448,943 
Additions
171,949 
43,155 
- 
215,104 
Disposals
(65,000)
(4,995)
- 
(69,995)
At 31 December 2024
474,950 
118,815 
287 
594,052 
Depreciation
At 1 January 2024
83,596 
23,590 
6 
107,192 
Charge for the year
50,050 
9,768 
72 
59,890 
On disposals
(10,441)
(1,365)
- 
(11,806)
At 31 December 2024
123,205 
31,993 
78 
155,276 
Net book value
At 31 December 2024
351,745 
86,822 
209 
438,776 
At 31 December 2023
284,405 
57,065 
281 
341,751 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
109,091 
86,419 
- Motor vehicles
30,854 
- 
- 6 -
Fallhills Fencing Ltd Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
579 
- 
Other debtors
370 
5,370 
949 
5,370 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,454 
7,454 
VAT
23,271 
16,918 
Obligations under finance leases and hire purchase contracts
18,304 
15,457 
Trade creditors
37,561 
16,702 
Taxes and social security
24,427 
17,111 
Other creditors
1,453 
578 
Loans from directors
19,602 
54,588 
Accruals
3,079 
3,835 
135,151 
132,643 
Liabilities under a hire purchase agreements are secured against the asset to which the agreement relates. Loans from Directors are interest free and have no fixed terms of repayment.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,498 
10,574 
Obligations under finance leases and hire purchase contracts
58,898 
27,378 
62,396 
37,952 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -
Fallhills Fencing Ltd Notes to the Accounts for the year ended 31 December 2024
10
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 January 2023 
31 December 2023 
£ 
£ 
Capital and reserves (as previously stated)
183,924 
183,924 
Provision for Deferred Tax
(46,522)
(46,522)
Profit for the Year
- 
149,959 
Dividends
- 
(4,474)
Capital and reserves (as restated)
137,402 
282,887 
Reconciliation of profit or loss for the year
31 December 2023 
£ 
Profit for the year (as previously stated)
178,065 
Deferred Tax Increase
(28,106)
Profit for the year (as restated)
149,959 
- 8 -