These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

After reviewing the company's forecasts and projections, the directors have a reasonable

expectation that the company has adequate resources to continue in operational existence for

the at least 12 months from the date of approval of the financial statements. The company

therefore continues to adopt the going concern basis of accounting in preparing its financial

statements.

Turnover represents the fair value of consideration receivable for goods supplied and services provided in the ordinary course of business, net of trade discounts, rebates, value added tax and other sales related taxes.

Revenue from the sale of manufactured fencing products and related components is recognised when the significant risks and rewards of ownership have transferred to the customer. This is typically when the goods are dispatched to the customer or delivered in accordance with the agreed terms of sale.

Where the company provides services in connection with its products, including design consultation, project support or installation services, revenue is recognised in the accounting period in which the services are performed.

Where contracts include the supply of both goods and associated services, revenue is allocated to the separate performance obligations and recognised as each element is satisfied.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Assets obtained under hire purchase and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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 constant periodic rates of charge on the net obligations outstanding in each period.

The company operates a defined contribution pension plan for the benefit of its employees.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Related party relationships and transactions are identified in accordance with FRS 102. Transactions with related parties are recognised at the transaction amount, unless otherwise

required by the standard. Where material related party transactions have occurred during the

year, these are disclosed in the notes to the financial statements.

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If such circumstances exist, the recoverable amount of the asset is estimated and any resulting impairment loss is recognised in the profit and loss account.

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress represents partially completed goods and customer-specific projects at the reporting date.

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.