Company No: 09377847 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G. J. Tate
	N. P. Tate
	V. Tate

REGISTERED OFFICE	Yellowcoat Sawmill
	Hastings Road
	Flimwell
	Wadhurst
	TN5 7PR
	East Sussex
	United Kingdom

COMPANY NUMBER

09377847 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	29,400		39,200
Tangible assets	4	92,847		127,164
		122,247		166,364
Current assets
Stocks	5	222,346		83,268
Debtors	6	108,071		181,518
Cash at bank and in hand		( 30,849)		64,920
		299,568		329,706
Creditors: amounts falling due within one year	7	( 327,042)		( 394,698)
Net current liabilities		(27,474)		(64,992)
Total assets less current liabilities		94,773		101,372
Provision for liabilities	8	( 21,980)		( 31,675)
Net assets		72,793		69,697
Capital and reserves
Called-up share capital		1		1
Profit and loss account		72,792		69,696
Total shareholder's funds		72,793		69,697

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tate and Tonbridge Fencing Limited (registered number: 09377847) were approved and authorised for issue by the Board of Directors on 24 September 2026. They were signed on its behalf by:

N. P. Tate Director

G. J. Tate Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tate and Tonbridge Fencing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Yellowcoat Sawmill, Hastings Road, Flimwell, Wadhurst, TN5 7PR, East Sussex, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tate and Tonbridge Fencing Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue is recognised on the following bases:

Supply-only: revenue is recognised when the goods are collected or received by the customer.

Installation: for smaller contracting jobs, revenue is recognised on completion of the work undertaken, whereas for the larger contracting jobs, revenue is recognised on a monthly basis for the work completed to date.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 - 33 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value 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 receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		31

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	98,000		98,000
At 31 March 2026	98,000		98,000
Accumulated amortisation
At 01 April 2025	58,800		58,800
Charge for the financial year	9,800		9,800
At 31 March 2026	68,600		68,600
Net book value
At 31 March 2026	29,400		29,400
At 31 March 2025	39,200		39,200

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2025	36,306		281,162		317,468
Disposals	( 3,155)		( 8,673)		( 11,828)
At 31 March 2026	33,151		272,489		305,640
Accumulated depreciation
At 01 April 2025	21,416		168,888		190,304
Charge for the financial year	3,872		27,940		31,812
Disposals	( 1,936)		( 7,387)		( 9,323)
At 31 March 2026	23,352		189,441		212,793
Net book value
At 31 March 2026	9,799		83,048		92,847
At 31 March 2025	14,890		112,274		127,164

5. Stocks

	2026		2025
	£		£
Stocks	41,959		36,068
Work in progress	180,387		47,200
	222,346		83,268

6. Debtors

	2026		2025
	£		£
Trade debtors	59,369		105,680
Amounts owed by Group undertakings	5,737		30,258
Prepayments	42,777		45,580
Other debtors	188		0
	108,071		181,518

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	54,051		53,806
Amounts owed to Group undertakings	142,597		222,001
Accruals and deferred income	68,090		67,856
Taxation and social security	56,777		46,209
Other creditors	5,527		4,826
	327,042		394,698

Included within Amounts owed to Group undertakings is a loan of £80,000 in 2025 to Tate Fencing Limited, a fellow subsidiary of the Company. This loan was repaid during 2026 and did not bear interest. The remaining balance relates to purchases made in the usual course of business, which are conducted under normal market terms

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 31,675)		( 26,601)
Credited/(charged) to the Statement of Income and Retained Earnings	9,695		( 5,074)
At the end of financial year	( 21,980)		( 31,675)

9. Financial commitments

Other financial commitments

	2026		2025
	£		£
No later than 1 year	5,195		6,926
Later than 1 year and no later than 5 years	0		5,195
	5,195		12,121

As at March 2026 the company had future minimum lease payments due under non-cancellable operating leases for each of the above periods.