Registration number:
England Fencing Ltd
(A company limited by guarantee)
for the Year Ended 30 June 2022
England Fencing Ltd
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
England Fencing Ltd
Company Information
Directors |
Jonathan Eric Katz Anthony Laurence Crutchett Tristan James Parris Christopher John Cranston-Selby Milind Sharad Pradhan Alexander Savin Ayesha Fihosy Alan Grafton |
Registered office |
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Accountants |
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England Fencing Ltd
(Registration number: 06506009)
Balance Sheet as at 30 June 2022
Note |
2022 |
2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Reserves |
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Other reserves |
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Retained earnings |
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Surplus |
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For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure has been taken.
Approved and authorised by the
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England Fencing Ltd
Statement of Changes in Equity for the Year Ended 30 June 2022
Other reserves |
Retained earnings |
Total |
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At 1 July 2021 |
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Surplus for the year |
- |
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Other comprehensive income |
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( |
( |
Total comprehensive income |
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( |
( |
At 30 June 2022 |
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Other reserves |
Retained earnings |
Total |
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At 1 July 2020 |
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Surplus for the year |
- |
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Other comprehensive income |
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( |
- |
Total comprehensive income |
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( |
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At 30 June 2021 |
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England Fencing Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
General information |
The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
England Fencing Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
20% Straight Line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
England Fencing Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2021 |
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At 30 June 2022 |
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Depreciation |
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At 1 July 2021 |
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At 30 June 2022 |
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Carrying amount |
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At 30 June 2022 |
- |
- |
Debtors |
2022 |
2021 |
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Trade debtors |
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Prepayments |
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Current |
2022 |
2021 |
Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Trade creditors |
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- |
Taxation and social security |
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Accruals and deferred income |
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England Fencing Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Reserves |
Other Reserves |
Income and expenditure account |
Total |
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As at 1 July 2021 |
164,152 |
153,900 |
318,052 |
Surplus for the year |
4,980 |
4,980 |
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Transfer of funds |
20,000 |
(20,000) |
- |
Special reserve utilised during the year |
(6,675) |
(6,675) |
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As at 30 June 2022 |
177,477 |
138,880 |
316,357 |
Turnover and direct expenses |
Income |
Expenses |
Surplus / (deficit) |
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£ |
£ |
£ |
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Membership subscriptions |
101,665 |
- |
101,665 |
England Youth Championships |
18,951 |
(23,141) |
(4,190) |
U15 events |
- |
- |
- |
TA Training |
- |
- |
- |
Team England - Senior Winton |
- |
- |
- |
Team England - Youth Five Nations |
- |
- |
- |
Team England Team Kit |
- |
(16,395) |
(16,395) |
Equipment hire |
400 |
- |
400 |
121,016 |
(39,536) |
81,480 |
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