Highway Fencing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08279199

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		109,817		166,165

			109,817		166,165
CURRENT ASSETS
Debtors	5	1,016,215		816,481
Cash at bank and in hand		5,444		4,385

		1,021,659		820,866
Creditors: Amounts Falling Due Within One Year	6	(349,075 )		(213,519 )

NET CURRENT ASSETS (LIABILITIES)			672,584		607,347

TOTAL ASSETS LESS CURRENT LIABILITIES			782,401		773,512

Creditors: Amounts Falling Due After More Than One Year	7		(62,056 )		(106,747 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(8,366 )

NET ASSETS			720,345		658,399

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			720,245		658,299

SHAREHOLDERS' FUNDS			720,345		658,399

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Highway Fencing Limited

Balance Sheet (continued)

As At 31 December 2024

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 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

J Timms

Director

16/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Highway Fencing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08279199 . The registered office is 1a Bonington Road, Mapperley, Nottingham, NG3 5JR.

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. 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:

Leasehold	10% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	33.33% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33.33% reducing balance

2.4. 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Highway Fencing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2023: 18)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	18,279	51,102	374,753	12,479
Additions	-	142	-	-
Disposals	-	-	(19,500 )	-

As at 31 December 2024	18,279	51,244	355,253	12,479

Depreciation
As at 1 January 2024	7,312	39,052	239,932	7,684
Provided during the period	1,828	3,016	43,853	1,199
Disposals	-	-	(14,083 )	-

As at 31 December 2024	9,140	42,068	269,702	8,883

Net Book Value
As at 31 December 2024	9,139	9,176	85,551	3,596

As at 1 January 2024	10,967	12,050	134,821	4,795


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	26,657	483,270
Additions	-	142
Disposals	-	(19,500 )

As at 31 December 2024	26,657	463,912

Depreciation
As at 1 January 2024	23,125	317,105
Provided during the period	1,177	51,073
Disposals	-	(14,083 )

As at 31 December 2024	24,302	354,095

...CONTINUED

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Highway Fencing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	2,355	109,817

As at 1 January 2024	3,532	166,165

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	128,930	45,966
Amounts owed by group undertakings	358,364	384,202
Other debtors	528,921	386,313

	1,016,215	816,481

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	35,538	35,538
Trade creditors	72,602	44,539
Bank loans and overdrafts	10,000	10,000
Other creditors	41,211	14,228
Taxation and social security	189,724	109,214

	349,075	213,519

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	55,785	91,698
Bank loans	6,271	15,049

	62,056	106,747

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	35,538	35,538
Later than one year and not later than five years	55,785	91,698

	91,323	127,236

	91,323	127,236

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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Highway Fencing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Jonathan Timms	114,995	234,766	(164,086 )	-	185,675

The above loan is unsecured and repayable on demand. Interest is charged on the balance of the overdrawn loan at HMRC's offical rate of interest.

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