REGISTERED NUMBER: 07975826 (England and Wales)

Wadham Fencing Limited

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L J Wadham

S J Wadham

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

07975826 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

31 Fore Street

Taunton

Somerset

TA1 1HN

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

344,427

387,665

344,427

387,665

CURRENT ASSETS

Stocks

9,500

9,500

Debtors

372,930

495,145

Cash at bank and in hand

25,043

33,077

407,473

537,722

CREDITORS

Amounts falling due within one year

293,005

355,291

NET CURRENT ASSETS

114,468

182,431

TOTAL ASSETS LESS CURRENT LIABILITIES

458,895

570,096

CREDITORS

Amounts falling due after more than one year

(102,386

)

(127,220

)

PROVISIONS FOR LIABILITIES

(63,828

)

(77,295

)

NET ASSETS

292,681

365,581

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

290,681

363,581

SHAREHOLDERS' FUNDS

292,681

365,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

S J Wadham - Director

1.	STATUTORY INFORMATION

Wadham 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2015, is being amortised evenly over its estimated useful life of four 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 10% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2025 - 26 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

22,000

AMORTISATION

At 1 April 2025

and 31 March 2026

22,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

773,365

Additions

90,241

Disposals

(80,868

)

At 31 March 2026

782,738

DEPRECIATION

At 1 April 2025

385,700

Charge for year

94,182

Eliminated on disposal

(41,571

)

At 31 March 2026

438,311

NET BOOK VALUE

At 31 March 2026

344,427

At 31 March 2025

387,665

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

Totals

£

COST

At 1 April 2025

353,376

Additions

54,905

Disposals

(10,000

)

Transfer to ownership

(43,640

)

At 31 March 2026

354,641

DEPRECIATION

At 1 April 2025

119,758

Charge for year

57,852

Eliminated on disposal

(5,781

)

Transfer to ownership

(21,487

)

At 31 March 2026

150,342

NET BOOK VALUE

At 31 March 2026

204,299

At 31 March 2025

233,618

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

5,000

15,000

Hire purchase contracts

165,564

174,763

170,564

189,763

The hire purchase contracts are secured on the assets to which they relate to.

The bank loan is a government backed bounce back loan.