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REGISTERED NUMBER: 05031689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

COTTAGE FENCING LIMITED

COTTAGE FENCING LIMITED (REGISTERED NUMBER: 05031689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


COTTAGE FENCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTOR: R Hennell





REGISTERED OFFICE: The Cottage
Horncastle Road
Bardney
Lincoln
Lincolnshire
LN3 5SU





REGISTERED NUMBER: 05031689 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

COTTAGE FENCING LIMITED (REGISTERED NUMBER: 05031689)

ABRIDGED BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - 3,338
Tangible assets 4 - 42,090
- 45,428

CURRENT ASSETS
Stocks - 2,500
Debtors - 26,190
Cash at bank 32,262 9,600
32,262 38,290
CREDITORS
Amounts falling due within one year 11,282 53,260
NET CURRENT ASSETS/(LIABILITIES) 20,980 (14,970 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,980

30,458

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,978 30,456
SHAREHOLDERS' FUNDS 20,980 30,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COTTAGE FENCING LIMITED (REGISTERED NUMBER: 05031689)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2019


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 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12 November 2019 and were signed by:





R Hennell - Director


COTTAGE FENCING LIMITED (REGISTERED NUMBER: 05031689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. 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 fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% 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 Statement of Income and
Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

COTTAGE FENCING LIMITED (REGISTERED NUMBER: 05031689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018 50,000
Disposals (50,000 )
At 31 March 2019 -
AMORTISATION
At 1 April 2018 46,662
Eliminated on disposal (46,662 )
At 31 March 2019 -
NET BOOK VALUE

At 31 March 2019 -
At 31 March 2018 3,338

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018 88,177
Disposals (88,177 )
At 31 March 2019 -
DEPRECIATION
At 1 April 2018 46,087
Eliminated on disposal (46,087 )
At 31 March 2019 -
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 42,090