Barnes Fencing Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05624540

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,375		2,875
Tangible Assets	5		95,820		127,761

			97,195		130,636
CURRENT ASSETS
Stocks	6	158,301		197,649
Debtors	7	577,345		512,926
Investments	8	562,000		562,000
Cash at bank and in hand		153,339		278,856

		1,450,985		1,551,431
Creditors: Amounts Falling Due Within One Year	9	(371,680 )		(496,712 )

NET CURRENT ASSETS (LIABILITIES)			1,079,305		1,054,719

TOTAL ASSETS LESS CURRENT LIABILITIES			1,176,500		1,185,355

Creditors: Amounts Falling Due After More Than One Year	10		(16,702 )		(56,727 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(23,955 )		(31,940 )

NET ASSETS			1,135,843		1,096,688

CAPITAL AND RESERVES
Called up share capital			201		201
Profit and Loss Account			1,135,642		1,096,487

SHAREHOLDERS' FUNDS			1,135,843		1,096,688

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Barnes Fencing Supplies Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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 directors acknowledge their 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

Mr P A Barnes

Director

06/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Barnes Fencing Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05624540 . The registered office is 39 The Metro Centre, Tolpits Lane, Watford, Hertfordshire, WD18 9SB.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. 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:

Freehold	25% on reducing balance
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or or loss on a sraight line basis over the period of the lease.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 12)

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Barnes Fencing Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	30,000

As at 31 December 2025	30,000

Amortisation
As at 1 January 2025	27,125
Provided during the period	1,500

As at 31 December 2025	28,625

Net Book Value
As at 31 December 2025	1,375

As at 1 January 2025	2,875

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	7,500	117,928	246,456	9,036	380,920

As at 31 December 2025	7,500	117,928	246,456	9,036	380,920

Depreciation
As at 1 January 2025	7,460	101,945	136,165	7,589	253,159
Provided during the period	10	3,996	27,573	362	31,941

As at 31 December 2025	7,470	105,941	163,738	7,951	285,100

Net Book Value
As at 31 December 2025	30	11,987	82,718	1,085	95,820

As at 1 January 2025	40	15,983	110,291	1,447	127,761

6. Stocks

	2025	2024
	£	£
Stock	158,301	197,649

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,149	16,523
Other debtors	565,196	496,403

	577,345	512,926

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Barnes Fencing Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Current Asset Investments

	2025	2024
	£	£
Listed investments	562,000	562,000

Current asset investments are included at cost. Income attributable to the asset is written off to the profit and loss in the period it occurs.

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	210,955	304,967
Bank loans and overdrafts	40,000	40,000
Other creditors	40,061	52,891
Taxation and social security	80,664	98,854

	371,680	496,712

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

	2025	2024
	£	£
Bank loans	16,702	56,727

11. Related Party Transactions

The directors' current account balances of £26,043 (2024 - £51,268) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.

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