1 February 2023 false No description of principal activity Taxfiler 2024.1 04903120business:PrivateLimitedCompanyLtd2023-02-012023-07-31 049031202023-01-31 049031202023-02-012023-07-31 04903120business:AuditExempt-NoAccountantsReport2023-02-012023-07-31 04903120business:FilletedAccounts2023-02-012023-07-31 049031202023-07-31 04903120business:Director12023-02-012023-07-31 04903120business:Director22023-02-012023-07-31 04903120business:Director32023-02-012023-07-31 04903120business:RegisteredOffice2023-02-012023-07-31 049031202023-01-31 04903120core:WithinOneYear2023-07-31 04903120core:WithinOneYear2023-01-31 04903120core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 04903120core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 04903120core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 04903120core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 04903120core:PreviouslyStatedAmount2023-07-31 04903120core:PreviouslyStatedAmount2023-01-31 04903120business:SmallEntities2023-02-012023-07-31 04903120countries:EnglandWales2023-02-012023-07-31 04903120core:MotorVehicles2023-02-012023-07-31 04903120core:FurnitureFittings2023-02-012023-07-31 04903120core:MotorVehicles2023-01-31 04903120core:FurnitureFittings2023-01-31 04903120core:MotorVehicles2023-07-31 04903120core:FurnitureFittings2023-07-31 049031202022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 04903120 (England and Wales)
North East Fasteners Limited Unaudited accounts for the period from 1 February 2023 to 31 July 2023
North East Fasteners Limited Unaudited accounts Contents
Page
- 2 -
North East Fasteners Limited Company Information for the period from 1 February 2023 to 31 July 2023
Directors
Andrew Keith Bennett Michael Vincent Blakey Matthew James Kenny
Company Number
04903120 (England and Wales)
Registered Office
UNIT 16H FOLLINGSBY AVENUE FOLLINGSBY INDUSTRIAL ESTATE GATESHEAD TYNE AND WEAR NE10 8YF ENGLAND
- 3 -
North East Fasteners Limited Statement of financial position as at 31 July 2023
31/07/2023 
31/01/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,673 
4,800 
Current assets
Inventories
32,169 
28,179 
Debtors
91,560 
46,843 
Cash at bank and in hand
55,900 
14,154 
179,629 
89,176 
Creditors: amounts falling due within one year
(112,112)
(42,568)
Net current assets
67,517 
46,608 
Net assets
73,190 
51,408 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
72,790 
51,008 
Shareholders' funds
73,190 
51,408 
For the period ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by
Michael Vincent Blakey Director Company Registration No. 04903120
- 4 -
North East Fasteners Limited Notes to the Accounts for the period from 1 February 2023 to 31 July 2023
1
Statutory information
North East Fasteners Limited is a private company, limited by shares, registered in England and Wales, registration number 04903120. The registered office is UNIT 16H FOLLINGSBY AVENUE, FOLLINGSBY INDUSTRIAL ESTATE, GATESHEAD, TYNE AND WEAR, NE10 8YF, ENGLAND.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
20% on cost
Fixtures & fittings
5 years straight line
Inventories
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
North East Fasteners Limited Notes to the Accounts for the period from 1 February 2023 to 31 July 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
24,619 
14,428 
39,047 
Additions
- 
1,498 
1,498 
At 31 July 2023
24,619 
15,926 
40,545 
Depreciation
At 1 February 2023
19,819 
14,428 
34,247 
Charge for the period
600 
25 
625 
At 31 July 2023
20,419 
14,453 
34,872 
Net book value
At 31 July 2023
4,200 
1,473 
5,673 
At 31 January 2023
4,800 
- 
4,800 
5
Debtors
31/07/2023 
31/01/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
90,860 
46,143 
Accrued income and prepayments
700 
700 
91,560 
46,843 
6
Creditors: amounts falling due within one year
31/07/2023 
31/01/2023 
£ 
£ 
VAT
12,034 
8,034 
Trade creditors
47,416 
23,263 
Amounts owed to group undertakings and other participating interests
42,194 
- 
Taxes and social security
10,368 
4,642 
Other creditors
100 
- 
Loans from directors
- 
5,084 
Accruals
- 
1,545 
112,112 
42,568 
7
Controlling party
The Industrial Mandate Limited, Unit 16H Follingsby Avenue, Follingsby Industrial Estate, Gateshead, Tyne & Wear, NE10 8YF
8
Average number of employees
During the period the average number of employees was 5 (31/01/2023: 7).
- 6 -