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Registered number: 02702203
New Forest Fencing & Gates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Daniel Wateridge
Mr Jack Wateridge
Company Number 02702203
Registered Office Mill Lane
Nursling
Southampton
SO16 0YE
Accountants BKB Accountants Ltd
Chartered Certified Accountants
3 Vista Place
Ingworth Road
Poole
Dorset
BH12 1JY
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Balance Sheet
Registered number: 02702203
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,500 12,500
Tangible Assets 5 593,926 592,004
596,426 604,504
CURRENT ASSETS
Stocks 6 109,500 100,000
Debtors 7 340,906 519,417
Cash at bank and in hand 180,721 121,721
631,127 741,138
Creditors: Amounts Falling Due Within One Year 8 (515,610 ) (480,442 )
NET CURRENT ASSETS (LIABILITIES) 115,517 260,696
TOTAL ASSETS LESS CURRENT LIABILITIES 711,943 865,200
Creditors: Amounts Falling Due After More Than One Year 9 (137,205 ) (184,454 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,596 ) (58,816 )
NET ASSETS 557,142 621,930
CAPITAL AND RESERVES
Called up share capital 11 152 150
Profit and Loss Account 556,990 621,780
SHAREHOLDERS' FUNDS 557,142 621,930
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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 Jack Wateridge
Director
14 August 2026
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
New Forest Fencing & Gates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02702203 . The registered office is Mill Lane, Nursling, Southampton, SO16 0YE.
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.

These financial statements are presented in pound sterling which is the functional currency of the company.
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. 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 profit and loss account over its estimated economic life of 5 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:
Leasehold Not depreciated
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Leasehold property is not depreciated on the basis the directors maintain the property to a high standard. 
2.5. 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.
2.6. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2.7. 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.
2.8. 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: 43 (2024: 38)
43 38
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 50,000
As at 31 December 2025 50,000
Amortisation
As at 1 January 2025 37,500
Provided during the period 10,000
As at 31 December 2025 47,500
Net Book Value
As at 31 December 2025 2,500
As at 1 January 2025 12,500
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2025 462,630 106,728 226,838 72,035 868,231
Additions 4,942 20,500 - 7,656 33,098
As at 31 December 2025 467,572 127,228 226,838 79,691 901,329
Depreciation
As at 1 January 2025 - 66,166 167,928 42,133 276,227
Provided during the period - 10,475 14,727 5,974 31,176
As at 31 December 2025 - 76,641 182,655 48,107 307,403
Net Book Value
As at 31 December 2025 467,572 50,587 44,183 31,584 593,926
As at 1 January 2025 462,630 40,562 58,910 29,902 592,004
6. Stocks
2025 2024
£ £
Materials 109,500 100,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 324,698 505,261
Prepayments and accrued income 13,863 14,156
Other debtors 2,345 -
340,906 519,417
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 370,310 267,735
Bank loans and overdrafts 42,313 39,952
Other taxes and social security 89,668 120,114
Other creditors 8,985 7,171
Accruals and deferred income 3,875 3,675
Directors' loan accounts - 41,795
Amounts owed to group undertakings 459 -
515,610 480,442
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 137,205 184,454
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 171,519 208,406
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 152 150
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 180,595 164,034
Later than one year and not later than five years 792,504 776,642
Later than five years 292,000 438,000
1,265,099 1,378,676
13. Pension Commitments
The company operates a defined contribution pension scheme for eligible employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £4,075 (PY £4,319) were due to the fund. They are included in Other Creditors.
14. Ultimate Controlling Party
The company's ultimate controlling party is Wateridge Holdings Limited by virtue of it's ownership of 100% of the issued share capital in the company.
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