D J Heard Fencing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14459162

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		135,000		155,000
Tangible Assets	5		167,056		154,532

			302,056		309,532
CURRENT ASSETS
Stocks	6	35,000		22,698
Debtors	7	1,058,848		689,819
Cash at bank and in hand		32,656		25,315

		1,126,504		737,832
Creditors: Amounts Falling Due Within One Year	8	(512,899 )		(338,979 )

NET CURRENT ASSETS (LIABILITIES)			613,605		398,853

TOTAL ASSETS LESS CURRENT LIABILITIES			915,661		708,385

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(36,192 )		(32,728 )

NET ASSETS			879,469		675,657

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve			-		72,015
Profit and Loss Account			879,369		603,542

SHAREHOLDERS' FUNDS			879,469		675,657

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D J Heard Fencing Ltd

Balance Sheet (continued)

As At 31 March 2026

For the 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.

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 Darcy Heard Director	Mrs Hayley Heard Director
15/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

D J Heard Fencing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14459162 . The registered office is Lower Northwood, Inwardleigh, Okehampton, Devon, EX20 3AW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents amounts receivable for fencing and associated works carried out during the year, net of discounts and value added tax.

Revenue from contracts is recognised by reference to the stage of completion of the contract at the reporting date where the outcome can be estimated reliably. The stage of completion is assessed by reference to work performed and costs incurred to date. Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent that costs incurred are expected to be recoverable.

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 the profit and loss account over its estimated economic life of 10 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:

Freehold	over 20 years
Plant & Machinery	over 5 years
Motor Vehicles	over 5 years

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the purchase price and other costs incurred in bringing the stocks to their present location and condition. Provision is made where necessary for obsolete, slow-moving or damaged stock.

2.6. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, cash and bank balances, trade and other creditors and loans.

Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, in which case the instrument is measured at the present value of the future payments discounted at a market rate of interest. Subsequently, basic financial instruments are measured at amortised cost using the effective interest method.

Financial assets are assessed at each reporting date for objective evidence of impairment. Where there is evidence of impairment, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are derecognised when the contractual rights or obligations relating to them are extinguished.

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D J Heard Fencing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss, except where it relates to items recognised in other comprehensive income or directly in equity, in which case it is recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date, except as otherwise required by FRS 102.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	200,000

As at 31 March 2026	200,000

Amortisation
As at 1 April 2025	45,000
Provided during the period	20,000

As at 31 March 2026	65,000

Net Book Value
As at 31 March 2026	135,000

As at 1 April 2025	155,000

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2025	26,615	196,938	29,000	252,553
Additions	-	41,118	-	41,118

As at 31 March 2026	26,615	238,056	29,000	293,671

Depreciation
As at 1 April 2025	2,994	84,727	10,300	98,021
Provided during the period	1,331	21,463	5,800	28,594

As at 31 March 2026	4,325	106,190	16,100	126,615

...CONTINUED

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D J Heard Fencing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	22,290	131,866	12,900	167,056

As at 1 April 2025	23,621	112,211	18,700	154,532

6. Stocks

	2026	2025
	£	£
Stock	35,000	22,698

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	280,754	153,249
Other debtors	778,094	536,570

	1,058,848	689,819

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	152,454	131,325
Other creditors	225,925	108,353
Taxation and social security	134,520	99,301

	512,899	338,979

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Accelerated capital allowances	36,192	32,728

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
51 Ordinary A shares of £ 1.00 each	51	51
49 Ordinary B shares of £ 1.00 each	49	49

	100	100

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