Moulds Fencing (Torksey) Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 05788523

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		116,608		113,684

			116,608		113,684
CURRENT ASSETS
Stocks	5	58,382		67,707
Debtors	6	85,199		155,842
Cash at bank and in hand		974,077		877,457

		1,117,658		1,101,006
Creditors: Amounts Falling Due Within One Year	7	(73,361 )		(97,978 )

NET CURRENT ASSETS (LIABILITIES)			1,044,297		1,003,028

TOTAL ASSETS LESS CURRENT LIABILITIES			1,160,905		1,116,712

PROVISIONS FOR LIABILITIES
Deferred Taxation			(27,704 )		(26,439 )

NET ASSETS			1,133,201		1,090,273

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			1,133,101		1,090,173

SHAREHOLDERS' FUNDS			1,133,201		1,090,273

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Moulds Fencing (Torksey) Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Income Statement.

On behalf of the board

Mr I Moulds

Director

23rd July 2026

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

1. General Information

Moulds Fencing (Torksey) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05788523 . The registered office is The Grange Farm Torksey, Lincoln, Lincoln, Lincolnshire, LN1 2ES.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in Pounds Sterling, which is the functional currency of the entity.

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:

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

2.4. 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.

2.5. Financial Instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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Moulds Fencing (Torksey) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. 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.

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.

2.7. Pensions

The company participates in a defined contribution pension scheme for employees. In addition contributions are paid on behalf of the director and one other employee into different defined contribution pension schemes. In all cases the assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	61,938	243,049	8,760	313,747
Additions	7,708	61,314	-	69,022
Disposals	(2,244 )	(74,348 )	-	(76,592 )

As at 31 March 2026	67,402	230,015	8,760	306,177

Depreciation
As at 1 April 2025	48,186	144,636	7,241	200,063
Provided during the period	5,070	33,419	380	38,869
Disposals	(1,067 )	(48,296 )	-	(49,363 )

As at 31 March 2026	52,189	129,759	7,621	189,569

Net Book Value
As at 31 March 2026	15,213	100,256	1,139	116,608

As at 1 April 2025	13,752	98,413	1,519	113,684

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Moulds Fencing (Torksey) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Stocks

	2026	2025
	£	£
Stock	58,382	67,707

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	46,163	96,292
Prepayments and accrued income	10,001	9,357
Other debtors	34	-
Retentions	19,613	24,841
VAT	8,388	25,352
Net wages	1,000	-

	85,199	155,842

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	13,857	14,275
Corporation tax	52,963	80,836
Other taxes and social security	603	546
Net wages	-	100
Other creditors	3,000	-
Pension contributions	471	856
Accruals and deferred income	1,056	1,062
Director's loan account	1,411	303

	73,361	97,978

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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