Direct Fencing & Gates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05719377 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Direct Fencing & Gates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Dawson

N Parkhill

SECRETARY:

D A Dawson

REGISTERED OFFICE:

Unit 5 Endura House

Lodge Brow

Radcliffe

Manchester

M26 1AL

REGISTERED NUMBER:

05719377 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Property, plant and equipment

4

146,374

61,832

CURRENT ASSETS

Inventories

5,000

Debtors

5

30,384

141,571

Cash at bank

13,480

42,388

48,864

188,959

CREDITORS

Amounts falling due within one year

6

180,313

232,253

NET CURRENT LIABILITIES

(131,449

)

(43,294

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,925

18,538

CREDITORS

Amounts falling due after more than one
year

7

8,123

18,123

NET ASSETS

6,802

415

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,702

315

SHAREHOLDERS' FUNDS

6,802

415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

D A Dawson - Director

N Parkhill - Director

1.	STATUTORY INFORMATION

Direct Fencing & Gates Ltd 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.	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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Land

machinery

fittings

vehicles

Totals

£

COST

At 1 March 2024

-

157,953

23,696

327,045

508,694

Additions

100,000

-

100,000

At 28 February 2025

100,000

157,953

23,696

327,045

608,694

DEPRECIATION

At 1 March 2024

-

141,155

22,502

283,205

446,862

Charge for year

-

4,200

298

10,960

15,458

At 28 February 2025

-

145,355

22,800

294,165

462,320

NET BOOK VALUE

At 28 February 2025

100,000

12,598

896

32,880

146,374

At 29 February 2024

-

16,798

1,194

43,840

61,832

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors

27,327

64,511

Other debtors

3,057

70,000

Prepayments

-

7,060

30,384

141,571

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Bank loans and overdrafts

10,000

Trade creditors

151,398

182,661

Tax

15,830

26,491

Social security and other taxes

-

10,096

Directors' current accounts

210

130

Accrued expenses

2,875

180,313

232,253

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

29.2.24

£

Bank loans - 1-2 years

8,123

10,000

Bank loans - 2-5 years

-

8,123

18,123