Accounts filed on 31-05-2017


Registered number: 04398503






David Musson Fencing Limited


ACCOUNTS

FOR THE YEAR ENDED 31/05/2017
























Prepared By:
Janet Roberts FCA
Chartered Accountant
112-114 St Mary's Road
Market Harborough
Leicestershire
LE16 7DX


David Musson Fencing Limited


ACCOUNTS
FOR THE YEAR ENDED 31/05/2017





DIRECTORS
Benjamin Musson
Janice Louise Musson
Matthew Musson
William David Musson


REGISTERED OFFICE
Stonepits Farm
Wartnaby
Melton Mowbray
Leicestershire
LE14 3JQ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04398503



ACCOUNTANTS
Janet Roberts FCA
Chartered Accountant
112-114 St Mary's Road
Market Harborough
Leicestershire
LE16 7DX


ACCOUNTS
FOR THEYEARENDED31/05/2017



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/05/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	3		425,584		531,023

CURRENT ASSETS
Stock		700,000		600,000
Debtors	5	524,428		420,531
Cash at bank and in hand		1,317,571		1,014,471
		2,541,999		2,035,002
CREDITORS: Amounts falling due within one year	6	755,628		614,914
NET CURRENT ASSETS			1,786,371		1,420,088
TOTAL ASSETS LESS CURRENT LIABILITIES			2,211,955		1,951,111


PROVISIONS FOR LIABILITIES AND CHARGES	8		53,889		66,338

NET ASSETS			2,158,066		1,884,773

CAPITAL AND RESERVES

Called up share capital	9		400		400
Profit and loss account			2,157,666		1,884,373
SHAREHOLDERS' FUNDS			2,158,066		1,884,773

For the year ending 31/05/2017 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 27/02/2018 and signed on their behalf by



.............................
Matthew Musson
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 10%
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	524,428	420,531
	524,428	420,531




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	134,928	107,330
Directors current account	209,326	179,166
Trade creditors	360,088	290,447
Accruals	51,286	37,971
	755,628	614,914




9. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
400 of £1 each	400	400
	400	400