REGISTERED NUMBER: 11222861 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

WELCH FENCING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Welch

Mrs E Welch

N M Welch

J W Welch

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

11222861 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

35,100

46,800

Tangible assets

5

898,463

711,849

933,563

758,649

CURRENT ASSETS

Stocks

6

45,000

45,000

Debtors

7

2,479,648

451,891

Cash at bank

1,609,094

3,363,583

4,133,742

3,860,474

CREDITORS

Amounts falling due within one year

8

829,212

1,007,394

NET CURRENT ASSETS

3,304,530

2,853,080

TOTAL ASSETS LESS CURRENT LIABILITIES

4,238,093

3,611,729

CREDITORS

Amounts falling due after more than one year

9

(265,635

)

(153,244

)

PROVISIONS FOR LIABILITIES

10

(204,907

)

(197,531

)

NET ASSETS

3,767,551

3,260,954

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

3,767,451

3,260,854

SHAREHOLDERS' FUNDS

3,767,551

3,260,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

N M Welch - Director

1.	STATUTORY INFORMATION

Welch Fencing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

117,000

AMORTISATION

At 1 December 2024

70,200

Charge for year

11,700

At 30 November 2025

81,900

NET BOOK VALUE

At 30 November 2025

35,100

At 30 November 2024

46,800

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

5,666

190,501

1,047,381

19,917

1,263,465

Additions

-

94,000

243,633

-

337,633

Disposals

-

-

(25,328

)

-

(25,328

)

At 30 November 2025

5,666

284,501

1,265,686

19,917

1,575,770

DEPRECIATION

At 1 December 2024

-

75,440

458,770

17,406

551,616

Charge for year

-

20,784

119,599

430

140,813

Eliminated on disposal

-

-

(15,122

)

-

(15,122

)

At 30 November 2025

-

96,224

563,247

17,836

677,307

NET BOOK VALUE

At 30 November 2025

5,666

188,277

702,439

2,081

898,463

At 30 November 2024

5,666

115,061

588,611

2,511

711,849

6.

STOCKS

30/11/25

30/11/24

£

£

Stocks

45,000

45,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

217,281

376,135

Amounts owed by group undertakings

2,137,864

-

Directors' current accounts

89,804

52,067

Prepayments and accrued income

34,699

23,689

2,479,648

451,891

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Hire purchase contracts

218,923

149,948

Trade creditors

301,783

307,870

Tax

147,224

282,236

Social security and other taxes

40,866

34,141

VAT

25,015

103,645

Accrued expenses

95,401

129,554

829,212

1,007,394

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Hire purchase contracts

265,635

153,244

10.	PROVISIONS FOR LIABILITIES

30/11/25

30/11/24

£

£

Deferred tax

204,907

197,531

Deferred

tax

£

Balance at 1 December 2024

197,531

Charge to Income Statement during year

7,376

Balance at 30 November 2025

204,907

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/25

30/11/24

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30/11/25

30/11/24

£

£

N M Welch

Balance outstanding at start of year

52,067

10,805

Amounts advanced

168,087

156,612

Amounts repaid

(130,350

)

(115,350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

89,804

52,067

13.	RELATED PARTY DISCLOSURES

During the year, there were various transactions with a related party by virtue of shareholding, Welch Property (NW) Limited. At the year end, there was a debtor balance due from Welch Property (NW) Limited of £2,137,864 (2024: £NIL).