REGISTERED NUMBER: 02263878 (England and Wales)

CHARNWOOD FENCING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

9

Chartered Certified Accountants' Report

10

DIRECTORS:

S Murphy

Mrs M G Murphy

B Murphy

SECRETARY:

Mrs M G Murphy

REGISTERED OFFICE:

Beveridge Lane

Bardon Hill

Coalville

Leicestershire

LE67 1TB

REGISTERED NUMBER:

02263878 (England and Wales)

ACCOUNTANTS:

Essex Abel Ltd

4 Bank Court

Weldon Road

Loughborough

Leicestershire

LE11 5RF

FIXED ASSETS

Tangible assets

4

399,658

409,126

CURRENT ASSETS

Stocks

85,400

91,575

Debtors

5

694,179

444,491

Cash at bank and in hand

787

11,218

780,366

547,284

CREDITORS

Amounts falling due within one year

6

935,421

493,225

NET CURRENT (LIABILITIES)/ASSETS

(155,055

)

54,059

TOTAL ASSETS LESS CURRENT LIABILITIES

244,603

463,185

CREDITORS

Amounts falling due after more than one year

7

(78,960

)

(103,408

)

PROVISIONS FOR LIABILITIES

(72,909

)

(71,418

)

NET ASSETS

92,734

288,359

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

92,634

288,259

SHAREHOLDERS' FUNDS

92,734

288,359

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 and authorised for issue by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

S Murphy - Director

1.	STATUTORY INFORMATION

Charnwood 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue recognition

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

Revenue represents amounts recoverable from customers for services provided during the year. It is measured at the fair value of the consideration received or receivable on each contract. Revenue is recognised when the reward can be reliably measured and it is probable that future economic benefits will flow.

Revenue recognition occurs in the period in which the services are rendered by reference to the stage of completion, which is assessed based on the actual services provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost and 25% on reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell, and after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to/from related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Trade and other debtors

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of debtors. The amount of the provision is determined as the difference between the asset's carrying amount and the present value of estimated future cash flows, and is recognised in the profit & loss in operating expenses.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 29 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

716,731

Additions

104,781

At 30 November 2025

821,512

DEPRECIATION

At 1 December 2024

307,605

Charge for year

114,249

At 30 November 2025

421,854

NET BOOK VALUE

At 30 November 2025

399,658

At 30 November 2024

409,126

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2024

459,744

Additions

100,345

Transfer to ownership

(59,799

)

At 30 November 2025

500,290

DEPRECIATION

At 1 December 2024

151,167

Charge for year

95,031

Transfer to ownership

(37,725

)

At 30 November 2025

208,473

NET BOOK VALUE

At 30 November 2025

291,817

At 30 November 2024

308,577

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

508,486

346,004

Other debtors

185,693

98,487

694,179

444,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

133,573

85,619

Hire purchase contracts (see note 8)

75,944

158,577

Trade creditors

405,090

98,214

Taxation and social security

64,689

78,032

Other creditors

256,125

72,783

935,421

493,225

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

12,500

Hire purchase contracts (see note 8)

78,960

56,138

Other creditors

-

34,770

78,960

103,408

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

75,944

158,577

Between one and five years

78,960

56,138

154,904

214,715

Non-cancellable

operating leases

2025

2024

£

£

Between one and five years

11,201

16,372

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

121,073

55,619

Bank loans

12,500

42,500

Other loans

30,000

64,770

Hire purchase contracts

154,904

214,715

318,477

377,604

The bank overdraft and loan are secured by way of a charge over all the present and future assets of the company. The bank loan is via the Coronavirus Business Interruption Scheme and as part of this scheme the government has guaranteed 80% of the bank loan.

The hire purchase is secured on the assets that it relates to.

The other loan is secured by a personal guarantee from Mr S & Mrs M Murphy.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mrs M G Murphy and S Murphy

Balance outstanding at start of year

2,567

30,067

Amounts advanced

-

21,500

Amounts repaid

(2,567

)

(49,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,567

B Murphy

Balance outstanding at start of year

6,378

21,908

Amounts advanced

60,397

12,470

Amounts repaid

(7,250

)

(28,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

59,525

6,378

The directors loans were repaid after the end of the financial year.

11.	RELATED PARTY DISCLOSURES

As at the year end there was a loan outstanding from Mrs K Rumble (a shareholder and connected party) of £10,212 (2024 - £7,205 owed to). The loan was interest free.

The other secured loan of £30,000 relates to a loan from the directors pension fund, which is being repaid in instalments with the last repayment being due in May 2027. The loan is personally secured by the directors Mr S & Mrs M Murphy.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charnwood Fencing Limited for the year ended 30 November 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Charnwood Fencing Limited, as a body, in accordance with the terms of our engagement letter dated 15 October 2008. Our work has been undertaken solely to prepare for your approval the financial statements of Charnwood Fencing Limited and state those matters that we have agreed to state to the Board of Directors of Charnwood Fencing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Charnwood Fencing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Charnwood Fencing Limited. You consider that Charnwood Fencing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Charnwood Fencing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Essex Abel Ltd

4 Bank Court

Weldon Road

Loughborough

Leicestershire

LE11 5RF

20 May 2026