ILKESTON FENCING LIMITED - Limited company - abbreviated

REGISTERED NUMBER: 04306847

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

ILKESTON FENCING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L Korytan

J Korytan

P L Matthewman

SECRETARY:

L Korytan

REGISTERED OFFICE:

20 Burns Street

Ilkeston

Derbyshire

DE7 8AA

REGISTERED NUMBER:

04306847

ACCOUNTANTS:

McIntosh Accountants Limited

Chartered Accountants

20 Burns Street

Ilkeston

Derbyshire

DE7 8AA

FIXED ASSETS

Tangible assets

2

284,630

303,656

CURRENT ASSETS

Stocks

39,856

45,915

Debtors

59,963

89,169

Cash at bank and in hand

157,542

76,554

257,361

211,638

CREDITORS

Amounts falling due within one year

(285,094

)

(230,591

)

NET CURRENT LIABILITIES

(27,733

)

(18,953

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

256,897

284,703

CREDITORS

Amounts falling due after more than one year

3

-

(11,728

)

NET ASSETS

256,897

272,975

CAPITAL AND RESERVES

Called up share capital

4

1,003

Profit and loss account

255,894

271,972

SHAREHOLDERS' FUNDS

256,897

272,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 August 2014 and were signed on its behalf by:

L Korytan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

451,883

Additions

4,250

At 30 November 2013

456,133

DEPRECIATION

At 1 December 2012

148,227

Charge for year

23,276

At 30 November 2013

171,503

NET BOOK VALUE

At 30 November 2013

284,630

At 30 November 2012

303,656

3.

CREDITORS

Creditors include an amount of £ 0 (30.11.12 - £ 11,728 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.11.13

30.11.12

£

Repayable by instalments

-

11,728

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

1,000

Ordinary

£1

1,000

3

B

£1

3

1,003

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date and included in other creditors is £126000 owed to the Directors

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by J&L Korytan.

ILKESTON FENCING LIMITED - Limited company - abbreviated - 11.0.0

ILKESTON FENCING LIMITED - Limited company - abbreviated - 11.0.0