REGISTERED NUMBER:
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WREN FENCING + LANDSCAPING LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH NOVEMBER 2019 |
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REGISTERED NUMBER:
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WREN FENCING + LANDSCAPING LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH NOVEMBER 2019 |
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WREN FENCING + LANDSCAPING LTD (REGISTERED NUMBER: 10490715) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2019 |
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Abridged Balance Sheet | 1 | to | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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WREN FENCING + LANDSCAPING LTD (REGISTERED NUMBER: 10490715) |
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ABRIDGED BALANCE SHEET |
30TH NOVEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | ( |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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
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(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. |
WREN FENCING + LANDSCAPING LTD (REGISTERED NUMBER: 10490715) |
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ABRIDGED BALANCE SHEET - continued |
30TH NOVEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
on its behalf by: |
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WREN FENCING + LANDSCAPING LTD (REGISTERED NUMBER: 10490715) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Wren Fencing + Landscaping Ltd is a
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registered number and registered office address are as below: |
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Registered number: | 10490715 |
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Registered office: | 24 Lyndhurst Crescent |
Scholes |
Leeds |
LS15 4BR |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in sterling which is the functional currency of the company and rounded to the |
nearest £1. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
have been consistently applied to all years presented unless otherwise stated. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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When the outcome of a transaction can be estimated reliably, turnover from Fencing and Landscaping services is |
recognised by reference to the stage of completion at the balance sheet date. |
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Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that |
are recoverable. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes cost directly attributable to making the |
asset capable of operating as intended. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Plant & machinery etc | - 25% on cost |
Motor Vehicles | - 25% on cost |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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WREN FENCING + LANDSCAPING LTD (REGISTERED NUMBER: 10490715) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH NOVEMBER 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected |
useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the |
outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are |
included in creditors. |
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Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive |
future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction |
of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net |
investment in the finance lease. |
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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. |
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Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction |
price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st December 2018 |
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Additions |
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Disposals | ( |
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At 30th November 2019 |
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DEPRECIATION |
At 1st December 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30th November 2019 |
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NET BOOK VALUE |
At 30th November 2019 |
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At 30th November 2018 |
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WREN FENCING + LANDSCAPING LTD (REGISTERED NUMBER: 10490715) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH NOVEMBER 2019 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary A Shares | 1 | 51 | 51 |
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Ordinary B Shares | 1 | 49 | 49 |
100 | 100 |
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6. | SECURED DEBTS |
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Hire purchase loans totalling £3,791 (2018: £6,370) are secured by the asset they relate to. |