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REGISTERED NUMBER: 03292586 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Hague Fasteners Limited

Hague Fasteners Limited (Registered number: 03292586)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hague Fasteners Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J D C Hague
J S C W Hague





SECRETARY: Ms C Hague





REGISTERED OFFICE: Hague Fasteners Limited
Monmer Close
Willenhall
WV13 1JR





REGISTERED NUMBER: 03292586 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Hague Fasteners Limited (Registered number: 03292586)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 456,106 485,013

CURRENT ASSETS
Stocks 231,272 205,424
Debtors 5 253,896 181,212
Cash at bank 564,730 395,539
1,049,898 782,175
CREDITORS
Amounts falling due within one year 6 516,578 316,743
NET CURRENT ASSETS 533,320 465,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

989,426

950,445

CREDITORS
Amounts falling due after more than one
year

7

(40,620

)

(60,106

)

PROVISIONS FOR LIABILITIES (112,389 ) (119,616 )
NET ASSETS 836,417 770,723

CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Retained earnings 832,417 766,723
SHAREHOLDERS' FUNDS 836,417 770,723

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

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

Hague Fasteners Limited (Registered number: 03292586)

Balance Sheet - continued
30 September 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





J S C W Hague - Director


Hague Fasteners Limited (Registered number: 03292586)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Hague 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.
Improvements to property - 10% - 20% on cost
Plant and machinery - 10% - 50% on cost
Fixtures and fittings - 10% - 20% on cost
Motor vehicles - 20% - 33.3% on cost
Computer equipment - 10% - 50% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hague Fasteners Limited (Registered number: 03292586)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 31,834 576,546 23,244
Additions - 38,276 -
Disposals - (23,261 ) -
At 30 September 2023 31,834 591,561 23,244
DEPRECIATION
At 1 October 2022 9,364 297,929 13,919
Charge for year 3,415 38,526 1,764
Eliminated on disposal - (22,203 ) -
At 30 September 2023 12,779 314,252 15,683
NET BOOK VALUE
At 30 September 2023 19,055 277,309 7,561
At 30 September 2022 22,470 278,617 9,325

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 188,747 24,228 844,599
Additions - 4,445 42,721
Disposals - (4,989 ) (28,250 )
At 30 September 2023 188,747 23,684 859,070
DEPRECIATION
At 1 October 2022 23,262 15,112 359,586
Charge for year 21,802 5,063 70,570
Eliminated on disposal - (4,989 ) (27,192 )
At 30 September 2023 45,064 15,186 402,964
NET BOOK VALUE
At 30 September 2023 143,683 8,498 456,106
At 30 September 2022 165,485 9,116 485,013

Hague Fasteners Limited (Registered number: 03292586)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 212,964 160,737
Other debtors 40,932 20,475
253,896 181,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 19,486 19,486
Trade creditors 302,567 145,718
Taxation and social security 135,319 92,069
Other creditors 59,206 59,470
516,578 316,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 40,620 60,106

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:


Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 19,486 19,486
Between one and five years 40,620 60,106
60,106 79,592

Non-cancellable operating leases
2023 2022
£ £

Within one year 44,000 44,000
Between one and five years 102,667 146,667
146,667 190,667

Hague Fasteners Limited (Registered number: 03292586)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 60,106 79,592

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,000 Ordinary £1 4,000 4,000