Premier Fencing Ltd - Filleted accounts

Registered number

05736075

Premier Fencing Ltd

Filleted Accounts

31 March 2026

Premier Fencing Ltd
Registered number:		05736075
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		132,972			179,003

Current assets
Stocks		40,177			44,801
Debtors	4	156,966			150,308
Cash at bank and in hand		20,119			48,579
		217,262			243,688

Creditors: amounts falling due within one year	5	(129,537)			(136,032)

Net current assets			87,725			107,656

Total assets less current liabilities			220,697			286,659

Creditors: amounts falling due after more than one year	6		(62,461)			(90,293)

Provisions for liabilities			(25,265)			(33,015)


Net assets			132,971			163,351

Capital and reserves
Called up share capital			100			100
Profit and loss account			132,871			163,251

Shareholders' funds			132,971			163,351

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S Major
Director
Approved by the board on 13 August 2026

Premier Fencing Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leashold improvements			10% reducing balance
	Plant and machinery			15% reducing balance
	Office equiptment and furniture			30% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	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 recognised 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.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					10		12


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	24,856		51,509		245,247		321,612
	Additions	-		4,416		-		4,416
	At 31 March 2026	24,856		55,925		245,247		326,028

	Depreciation
	At 1 April 2025	15,253		31,104		96,252		142,609
	Charge for the year	961		4,788		44,698		50,447
	At 31 March 2026	16,214		35,892		140,950		193,056

	Net book value
	At 31 March 2026	8,642		20,033		104,297		132,972
	At 31 March 2025	9,603		20,405		148,995		179,003


4	Debtors					2026		2025
£							£

	Trade debtors					86,537		133,056
	Other debtors					70,429		17,252
						156,966		150,308


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					14,344		26,753
	Obligations under finance lease and hire purchase contracts					26,217		26,904
	Trade creditors					76,727		43,656
	Taxation and social security costs					7,889		-
	Other creditors					4,360		38,719
						129,537		136,032


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		1,769
	Obligations under finance lease and hire purchase contracts					62,461		88,524
						62,461		90,293


7	Related party transactions
	Loans to directors
	At 1 April 2025 the balance owed to the directors was £32,118. During the year £97,719 was advanced to the directors and £43,204 was repaid by the directors. At 31 March 2026 the balance owed by the directors was £22,397.

	At 1 April 2024 the balance owed by the directors was £17,545. During the year £60,961 was advanced to the directors and £110,624 was repaid by the directors. At 31 March 2025 the balance owed to the directors was £32,118.

	The directors loan accounts are unsecured, repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates. Where the company owes a director these loans are interest-free.



8	Controlling party

	The company is owned and controlled by Mr S J Major who owns 70% of the shares.


9	Other information

	Premier Fencing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Old Bank Buildings
	East Street
	Ilminster
	TA19 0AJ