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REGISTERED NUMBER: 06085876 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

SHAFTESBURY FIXINGS LIMITED

SHAFTESBURY FIXINGS LIMITED (REGISTERED NUMBER: 06085876)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAFTESBURY FIXINGS LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D M Couzens
D H Couzens





REGISTERED OFFICE: Unit 2 Robinson Industrial Estate
Shaftesbury Street
Derby
Derbyshire
DE23 8NL





REGISTERED NUMBER: 06085876 (England and Wales)





ACCOUNTANTS: BK Plus Ltd
52 St Johns Lane
Halifax
West Yorkshire
HX1 2BW

SHAFTESBURY FIXINGS LIMITED (REGISTERED NUMBER: 06085876)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,750 7,328

CURRENT ASSETS
Stocks 35,366 30,000
Debtors 5 30,229 38,258
Cash at bank and in hand 11,915 14,964
77,510 83,222
CREDITORS
Amounts falling due within one year 6 54,116 54,027
NET CURRENT ASSETS 23,394 29,195
TOTAL ASSETS LESS CURRENT LIABILITIES 29,144 36,523

CREDITORS
Amounts falling due after more than one
year

7

(22,844

)

(32,476

)

PROVISIONS FOR LIABILITIES (1,093 ) (1,392 )
NET ASSETS 5,207 2,655

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,107 2,555
SHAREHOLDERS' FUNDS 5,207 2,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

SHAFTESBURY FIXINGS LIMITED (REGISTERED NUMBER: 06085876)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 20 November 2023 and were signed on its behalf by:





D H Couzens - Director


SHAFTESBURY FIXINGS LIMITED (REGISTERED NUMBER: 06085876)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Shaftesbury Fixings 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 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.

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 - 20% on reducing balance, 20% on cost and Straight line over 3 years

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 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

SHAFTESBURY FIXINGS LIMITED (REGISTERED NUMBER: 06085876)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 18,509
Additions 455
At 28 February 2023 18,964
DEPRECIATION
At 1 March 2022 11,181
Charge for year 2,033
At 28 February 2023 13,214
NET BOOK VALUE
At 28 February 2023 5,750
At 28 February 2022 7,328

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 29,436 37,602
Other debtors 793 656
30,229 38,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,965 10,526
Trade creditors 26,311 33,929
Taxation and social security 15,163 7,918
Other creditors 1,677 1,654
54,116 54,027

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,844 32,476

SHAFTESBURY FIXINGS LIMITED (REGISTERED NUMBER: 06085876)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
D M Couzens
Balance outstanding at start of year 108 590
Amounts advanced - 420
Amounts repaid (312 ) (902 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (204 ) 108