JDR FENCING LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC143015 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

JDR FENCING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs V Coomes BSc PGCE DipSW MSW MSc

REGISTERED OFFICE:

301 Strathaven Road

Limekilnburn

Hamilton

ML3 7XW

REGISTERED NUMBER:

SC143015 (Scotland)

ACCOUNTANTS:

Thomson Currie Accountancy Limited

Chartered Accountants

PO Box 9186

7 Pickering House

Netherton Road

Wishaw

ML2 0YP

FIXED ASSETS

Tangible assets

4

105,304

67,854

CURRENT ASSETS

Stocks

92,361

90,236

Debtors

165,472

234,535

Cash at bank and in hand

186,691

181,030

444,524

505,801

CREDITORS

Amounts falling due within one year

219,866

207,363

NET CURRENT ASSETS

224,658

298,438

TOTAL ASSETS LESS CURRENT LIABILITIES

329,962

366,292

CREDITORS

Amounts falling due after more than one year

(29,737

)

(122,760

)

PROVISIONS FOR LIABILITIES

(11,570

)

(4,246

)

NET ASSETS

288,655

239,286

CAPITAL AND RESERVES

Called up share capital

6

68

68

Retained earnings

288,587

239,218

SHAREHOLDERS' FUNDS

288,655

239,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Balance Sheet for the year ended 30 September 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2021 and were signed by:

Mrs V Coomes BSc PGCE DipSW MSW MSc - Director

1.	STATUTORY INFORMATION

JDR FENCING LIMITED is a private company, limited by shares , registered in Scotland. 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

Turnover is measured at the consideration received or receivable, excluding value added tax. Turnover from the

sale of goods is recognised at the date of sale, and turnover from the provision of services is recognised on

completion of the service.

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.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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 Profit and Loss Account,

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2019

114,450

Additions

53,127

Disposals

(9,885

)

At 30 September 2020

157,692

DEPRECIATION

At 1 October 2019

46,596

Charge for year

13,977

Eliminated on disposal

(8,185

)

At 30 September 2020

52,388

NET BOOK VALUE

At 30 September 2020

105,304

At 30 September 2019

67,854

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

Totals

£

COST

At 1 October 2019

19,999

Additions

47,547

Transfer to ownership

(19,999

)

At 30 September 2020

47,547

DEPRECIATION

At 1 October 2019

9,922

Charge for year

9,454

Transfer to ownership

(12,442

)

At 30 September 2020

6,934

NET BOOK VALUE

At 30 September 2020

40,613

At 30 September 2019

10,077

5.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.20

30.9.19

£

£

Hire purchase contracts

41,632

4,110

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

68

Ordinary

£1

68

68

7.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments which are not included in the balance sheet amount to £10,000. (At 30

September 2019 - £20,000)

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Brampton Hall Gardens Limited.