Company registration number 06472379 (England and Wales)
GLEBE FENCING LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
GLEBE FENCING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
GLEBE FENCING LIMITED
BALANCE SHEET
AS AT 29 AUGUST 2024
29 August 2024
- 1 -
29 August 2024
31 August 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
93,344
114,821
Current assets
Stocks
56,410
82,022
Debtors
5
381,680
464,151
Cash at bank and in hand
26,884
77,240
464,974
623,413
Creditors: amounts falling due within one year
6
(1,185,924)
(1,279,706)
Net current liabilities
(720,950)
(656,293)
Total assets less current liabilities
(627,606)
(541,472)
Creditors: amounts falling due after more than one year
7
(8,773)
(23,813)
Provisions for liabilities
8
(16,156)
(20,233)
Net liabilities
(652,535)
(585,518)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(652,635)
(585,618)
Total equity
(652,535)
(585,518)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 1 October 2025 and are signed on its behalf by:
L Thomas
Director
Company registration number 06472379 (England and Wales)
GLEBE FENCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Glebe Fencing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Lloyd Road, Broadstairs, England, CT10 1HY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Leasehold land and buildings
Depreciation is charged on a straight-line basis over the remaining lease term, based on cost less residual value
Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance

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.

GLEBE FENCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

GLEBE FENCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
9
9
GLEBE FENCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 AUGUST 2024
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2023
29,189
-
0
89,890
219,692
338,771
Additions
-
0
-
0
2,000
6,967
8,967
Disposals
-
0
-
0
-
0
(26,500)
(26,500)
Transfers
(29,189)
29,189
-
0
-
0
-
0
At 29 August 2024
-
0
29,189
91,890
200,159
321,238
Depreciation and impairment
At 1 September 2023
-
0
-
0
57,271
166,679
223,950
Depreciation charged in the period
-
0
4,885
5,192
13,205
23,282
Eliminated in respect of disposals
-
0
-
0
-
0
(19,338)
(19,338)
At 29 August 2024
-
0
4,885
62,463
160,546
227,894
Carrying amount
At 29 August 2024
-
0
24,304
29,427
39,613
93,344
At 31 August 2023
29,189
-
0
32,619
53,013
114,821
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
337,936
413,896
Other debtors
27,588
30,022
365,524
443,918
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset
16,156
20,233
Total debtors
381,680
464,151
GLEBE FENCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 AUGUST 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,289
10,035
Trade creditors
161,511
204,352
Amounts owed to group undertakings
788,309
792,733
Taxation and social security
181,715
223,960
Other creditors
44,100
48,626
1,185,924
1,279,706

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,773
19,062
Other creditors
-
0
4,751
8,773
23,813

8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
16,156
20,233
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mr Jon Williamson FCA
Statutory Auditor:
Levicks Audit Services Limited
Date of audit report:
2 October 2025
GLEBE FENCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 AUGUST 2024
- 7 -
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
8,000
27,200
11
Going concern

The directors have assessed the entity as a going concern. This is based on the continued financial support from its immediate owner Johnsons Leisure Limited.

2024-08-29 2023-09-01 false false false 02 October 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity L Thomas A J Perry 06472379 2023-09-01 2024-08-29 06472379 2024-08-29 06472379 2023-08-31 06472379 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-29 06472379 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-29 06472379 core:PlantMachinery 2024-08-29 06472379 core:MotorVehicles 2024-08-29 06472379 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 06472379 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-08-31 06472379 core:PlantMachinery 2023-08-31 06472379 core:MotorVehicles 2023-08-31 06472379 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-29 06472379 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06472379 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-29 06472379 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 06472379 core:CurrentFinancialInstruments 2024-08-29 06472379 core:CurrentFinancialInstruments 2023-08-31 06472379 core:Non-currentFinancialInstruments 2024-08-29 06472379 core:Non-currentFinancialInstruments 2023-08-31 06472379 core:ShareCapital 2024-08-29 06472379 core:ShareCapital 2023-08-31 06472379 core:RetainedEarningsAccumulatedLosses 2024-08-29 06472379 core:RetainedEarningsAccumulatedLosses 2023-08-31 06472379 bus:Director1 2023-09-01 2024-08-29 06472379 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-29 06472379 core:LandBuildings core:LongLeaseholdAssets 2023-09-01 2024-08-29 06472379 core:PlantMachinery 2023-09-01 2024-08-29 06472379 core:MotorVehicles 2023-09-01 2024-08-29 06472379 2022-09-01 2023-08-31 06472379 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 06472379 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-08-31 06472379 core:PlantMachinery 2023-08-31 06472379 core:MotorVehicles 2023-08-31 06472379 2023-08-31 06472379 core:LandBuildings core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-29 06472379 core:WithinOneYear 2024-08-29 06472379 core:WithinOneYear 2023-08-31 06472379 core:AfterOneYear 2024-08-29 06472379 core:AfterOneYear 2023-08-31 06472379 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-29 06472379 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-29 06472379 bus:FRS102 2023-09-01 2024-08-29 06472379 bus:Audited 2023-09-01 2024-08-29 06472379 bus:Director2 2023-09-01 2024-08-29 06472379 bus:FullAccounts 2023-09-01 2024-08-29 xbrli:pure xbrli:shares iso4217:GBP