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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
Page
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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
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G & S Fasteners Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
88,635 
98,534 
Current assets
Inventories
70,931 
51,918 
Debtors
200,286 
117,868 
Cash at bank and in hand
67,220 
50,248 
338,437 
220,034 
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)
Net assets
217,718 
99,203 
Capital and reserves
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
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G & S Fasteners Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 June 2023
69,203 
18,667 
- 
765 
88,635 
At 30 June 2022
72,342 
25,667 
60 
465 
98,534 
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G & S Fasteners Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
144,456 
116,126 
Accrued income and prepayments
2,937 
1,742 
147,393 
117,868 
Amounts falling due after more than one year
Other debtors
52,893 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
23,949 
24,321 
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 
Other creditors
- 
65,229 
Loans from directors
59,268 
39,193 
Accruals
2,380 
2,380 
193,771 
192,782 
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).
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