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REGISTERED NUMBER: 10614757 (England and Wales)








Unaudited Financial Statements

for the Period

13 February 2017 to 30 June 2018

for

Fastenex (Industrial Fasteners) Limited

Fastenex (Industrial Fasteners) Limited (Registered number: 10614757)






Contents of the Financial Statements
for the Period 13 February 2017 to 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fastenex (Industrial Fasteners) Limited

Company Information
for the Period 13 February 2017 to 30 June 2018







DIRECTORS: Miss R C Dainter
A K Williams





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





BUSINESS ADDRESS: John Harper Street
Willenhall
WV13 1RE





REGISTERED NUMBER: 10614757 (England and Wales)





ACCOUNTANTS: Nicklin LLP
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Fastenex (Industrial Fasteners) Limited (Registered number: 10614757)

Balance Sheet
30 June 2018

Notes £    £   
FIXED ASSETS
Investments 4 623,249
Investment property 5 242,904
866,153

CURRENT ASSETS
Debtors 6 184,865
Cash at bank and in hand 21,313
206,178
CREDITORS
Amounts falling due within one year 7 893,468
NET CURRENT LIABILITIES (687,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,863

CREDITORS
Amounts falling due after more than one
year

8

167,204
NET ASSETS 11,659

CAPITAL AND RESERVES
Called up share capital 10 2
Retained earnings 11,657
SHAREHOLDERS' FUNDS 11,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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.

Fastenex (Industrial Fasteners) Limited (Registered number: 10614757)

Balance Sheet - continued
30 June 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:




A K Williams - Director



Miss R C Dainter - Director


Fastenex (Industrial Fasteners) Limited (Registered number: 10614757)

Notes to the Financial Statements
for the Period 13 February 2017 to 30 June 2018

1. STATUTORY INFORMATION

Fastenex (Industrial Fasteners) Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Fastenex (Industrial Fasteners) Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company is exempt
under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial
statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 623,249
At 30 June 2018 623,249
NET BOOK VALUE
At 30 June 2018 623,249

Fastenex (Industrial Fasteners) Limited (Registered number: 10614757)

Notes to the Financial Statements - continued
for the Period 13 February 2017 to 30 June 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 242,904
At 30 June 2018 242,904
NET BOOK VALUE
At 30 June 2018 242,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 184,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,000
Amounts owed to group undertakings 758,318
Taxation and social security 2,750
Other creditors 122,400
893,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 167,204

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 127,204

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 177,204

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary 1 2

Fastenex (Industrial Fasteners) Limited (Registered number: 10614757)

Notes to the Financial Statements - continued
for the Period 13 February 2017 to 30 June 2018

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2018:

£   
A K Williams
Balance outstanding at start of period -
Amounts advanced 88,777
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 88,777

Miss R C Dainter
Balance outstanding at start of period -
Amounts advanced 96,088
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 96,088