Company Registration No. 05142258 (England and Wales)
G & S Fasteners Limited
Unaudited accounts
for the year ended 30 June 2023
G & S Fasteners Limited
Unaudited accounts
Contents
G & S Fasteners Limited
Company Information
for the year ended 30 June 2023
Director
Graham Andrew Clarkson
Secretary
Graham Andrew Clarkson
Company Number
05142258 (England and Wales)
Registered Office
Unit 2 Cromford Road Industrial Estate
Langley Mill
Nottingham
Nottinghamshire
NG16 4FL
G & S Fasteners Limited
Statement of financial position
as at 30 June 2023
Tangible assets
88,635
98,534
Cash at bank and in hand
67,220
50,248
Creditors: amounts falling due within one year
(193,771)
(192,782)
Net current assets
144,666
27,252
Total assets less current liabilities
233,301
125,786
Creditors: amounts falling due after more than one year
(15,583)
(26,583)
Called up share capital
100
100
Profit and loss account
217,618
99,103
Shareholders' funds
217,718
99,203
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2023 and were signed on its behalf by
Graham Andrew Clarkson
Director
Company Registration No. 05142258
G & S Fasteners Limited
Notes to the Accounts
for the year ended 30 June 2023
G & S Fasteners Limited is a private company, limited by shares, registered in England and Wales, registration number 05142258. The registered office is Unit 2 Cromford Road Industrial Estate, Langley Mill, Nottingham, Nottinghamshire, NG16 4FL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
265,668
28,000
9,561
5,700
308,929
Additions
23,605
-
-
656
24,261
At 30 June 2023
289,273
28,000
9,561
6,356
333,190
At 1 July 2022
193,326
2,333
9,501
5,235
210,395
Charge for the year
26,744
7,000
60
356
34,160
At 30 June 2023
220,070
9,333
9,561
5,591
244,555
At 30 June 2023
69,203
18,667
-
765
88,635
At 30 June 2022
72,342
25,667
60
465
98,534
G & S Fasteners Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
144,456
116,126
Accrued income and prepayments
2,937
1,742
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,000
11,000
Trade creditors
69,123
48,020
Taxes and social security
28,051
2,639
Loans from directors
59,268
39,193
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,583
26,583
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).