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REGISTERED NUMBER: 09522030 (England and Wales)














ENDURO INDUSTRIAL FASTENERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






ENDURO INDUSTRIAL FASTENERS LIMITED (REGISTERED NUMBER: 09522030)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENDURO INDUSTRIAL FASTENERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: S G H Such
Mrs S E Such





REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG





REGISTERED NUMBER: 09522030 (England and Wales)

ENDURO INDUSTRIAL FASTENERS LIMITED (REGISTERED NUMBER: 09522030)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 26,599 4,189

CURRENT ASSETS
Stocks 582,915 554,855
Debtors 5 420,603 540,534
Cash at bank 100,153 57,356
1,103,671 1,152,745
CREDITORS
Amounts falling due within one year 6 904,195 934,204
NET CURRENT ASSETS 199,476 218,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,075

222,730

PROVISIONS FOR LIABILITIES 7 5,450 796
NET ASSETS 220,625 221,934

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 220,525 221,834
SHAREHOLDERS' FUNDS 220,625 221,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

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

ENDURO INDUSTRIAL FASTENERS LIMITED (REGISTERED NUMBER: 09522030)

BALANCE SHEET - continued
30TH JUNE 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 21st February 2024 and were signed on its behalf by:





S G H Such - Director


ENDURO INDUSTRIAL FASTENERS LIMITED (REGISTERED NUMBER: 09522030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Enduro 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 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 6 (2022 - 7 ) .

ENDURO INDUSTRIAL FASTENERS LIMITED (REGISTERED NUMBER: 09522030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1st July 2022 834 14,662 32,750 48,246
Additions 5,882 27,995 - 33,877
Disposals - (14,662 ) - (14,662 )
At 30th June 2023 6,716 27,995 32,750 67,461
DEPRECIATION
At 1st July 2022 125 11,183 32,749 44,057
Charge for year 989 6,999 - 7,988
Eliminated on disposal - (11,183 ) - (11,183 )
At 30th June 2023 1,114 6,999 32,749 40,862
NET BOOK VALUE
At 30th June 2023 5,602 20,996 1 26,599
At 30th June 2022 709 3,479 1 4,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 415,796 455,116
Other debtors - 81,102
Prepayments 4,807 4,316
420,603 540,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 134,085 174,547
Amounts owed to group undertakings 691,278 662,411
Tax 50,521 68,811
Social security and other taxes 2,475 1,051
VAT 21,167 22,714
Other creditors 1,650 2,022
Accrued expenses 3,019 2,648
904,195 934,204

7. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 5,450 796

ENDURO INDUSTRIAL FASTENERS LIMITED (REGISTERED NUMBER: 09522030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1st July 2022 796
Provided during year 4,654
Balance at 30th June 2023 5,450

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Dividends of £200,000 (2022 - £290,000) were paid to Eurofast (Holdings) Limited the holding company of Enduro Industrial Fasteners Limited.
Rent was paid of £72,000 and management charges of £417,996 to Eurofast (Holdings) Limited ( 2022 - 72,000 rent and £417,996 management charge).