Premier Fencing Ltd - Filleted accounts

Registered number

05736075

Premier Fencing Ltd

Filleted Accounts

31 March 2025

Premier Fencing Ltd
Registered number:		05736075
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		179,003			153,141

Current assets
Stocks		44,801			41,703
Debtors	4	150,308			151,641
Cash at bank and in hand		48,579			66,298
		243,688			259,642

Creditors: amounts falling due within one year	5	(136,032)			(142,488)

Net current assets			107,656			117,154

Total assets less current liabilities			286,659			270,295

Creditors: amounts falling due after more than one year	6		(90,293)			(29,195)

Provisions for liabilities			(33,015)			(40,582)


Net assets			163,351			200,518

Capital and reserves
Called up share capital			100			100
Profit and loss account			163,251			200,418

Shareholders' funds			163,351			200,518

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S Major
Director
Approved by the board on 19 November 2025

Premier Fencing Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			10% reducing balance
	Plant and machinery			15% reducing balance
	Office equipment and furniture			30% reducing balance
	Motor vehicles			25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					12		11


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	24,856		49,834		243,579		318,269
	Additions	-		1,675		183,862		185,537
	Disposals	-		-		(182,194)		(182,194)
	At 31 March 2025	24,856		51,509		245,247		321,612

	Depreciation
	At 1 April 2024	14,186		26,826		124,116		165,128
	Charge for the year	1,067		4,278		63,856		69,201
	On disposals	-		-		(91,720)		(91,720)
	At 31 March 2025	15,253		31,104		96,252		142,609

	Net book value
	At 31 March 2025	9,603		20,405		148,995		179,003
	At 31 March 2024	10,670		23,008		119,463		153,141


4	Debtors					2025		2024
£							£

	Trade debtors					133,056		127,040
	Other debtors					17,252		24,601
						150,308		151,641


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					26,753		17,788
	Obligations under finance lease and hire purchase contracts					26,904		11,470
	Trade creditors					43,656		61,107
	Taxation and social security costs					-		8,277
	Other creditors					38,719		43,846
						136,032		142,488


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,769		12,237
	Obligations under finance lease and hire purchase contracts					88,524		10,958
	Other creditors					-		6,000
						90,293		29,195


7	Related party transactions
	Loans to directors
	At 1 April 2024 the balance owed by the directors was £17,545. During the year £60,961 was advanced to the directors and £110,624 was repaid by the directors. At 31 March 2025 the balance owed to the directors was £32,118.

	At 1 April 2023 the balance owed by the directors was £36,422. During the year £37,133 was advanced to the director and £56,010 was repaid by the directors. At 31 March 2024 the balance owed by the directors was £17,545.

	The Directors loan accounts are unsecured, repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates. Where the company owes a director these loans are interest-free.

	During the year a loan from a previous officer was considered paid in full. The remaining balance was written off.


8	Controlling party

	The company is owned and controlled by Mr S J Major who owns 70% of the shares.


9	Other information

	Premier Fencing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Old Bank Building
	East Street
	Ilminster
	TA19 0AJ