Silverfin false false 31/12/2023 01/01/2023 31/12/2023 M J Lock 23/04/1991 15 August 2024 The principal activity of the Company during the financial year was selling general fixings and fasteners, and power tools. 02593329 2023-12-31 02593329 bus:Director1 2023-12-31 02593329 2022-12-31 02593329 core:CurrentFinancialInstruments 2023-12-31 02593329 core:CurrentFinancialInstruments 2022-12-31 02593329 core:Non-currentFinancialInstruments 2023-12-31 02593329 core:Non-currentFinancialInstruments 2022-12-31 02593329 core:ShareCapital 2023-12-31 02593329 core:ShareCapital 2022-12-31 02593329 core:SharePremium 2023-12-31 02593329 core:SharePremium 2022-12-31 02593329 core:RetainedEarningsAccumulatedLosses 2023-12-31 02593329 core:RetainedEarningsAccumulatedLosses 2022-12-31 02593329 core:PlantMachinery 2022-12-31 02593329 core:Vehicles 2022-12-31 02593329 core:FurnitureFittings 2022-12-31 02593329 core:PlantMachinery 2023-12-31 02593329 core:Vehicles 2023-12-31 02593329 core:FurnitureFittings 2023-12-31 02593329 2023-01-01 2023-12-31 02593329 bus:FilletedAccounts 2023-01-01 2023-12-31 02593329 bus:SmallEntities 2023-01-01 2023-12-31 02593329 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02593329 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02593329 bus:Director1 2023-01-01 2023-12-31 02593329 core:PlantMachinery 2023-01-01 2023-12-31 02593329 core:Vehicles 2023-01-01 2023-12-31 02593329 core:FurnitureFittings 2023-01-01 2023-12-31 02593329 2022-01-01 2022-12-31 02593329 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 02593329 (England and Wales)

RANGER FIXINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

RANGER FIXINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

RANGER FIXINGS LIMITED

BALANCE SHEET

As at 31 December 2023
RANGER FIXINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 108,072 105,829
108,072 105,829
Current assets
Stocks 4 210,126 211,273
Debtors 5 83,221 122,738
Cash at bank and in hand 10,408 1,167
303,755 335,178
Creditors: amounts falling due within one year 6 ( 174,724) ( 180,498)
Net current assets 129,031 154,680
Total assets less current liabilities 237,103 260,509
Creditors: amounts falling due after more than one year 7 ( 99,630) ( 85,113)
Net assets 137,473 175,396
Capital and reserves
Called-up share capital 99 99
Share premium account 2 2
Profit and loss account 137,372 175,295
Total shareholder's funds 137,473 175,396

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ranger Fixings Limited (registered number: 02593329) were approved and authorised for issue by the Director on 15 August 2024. They were signed on its behalf by:

M J Lock
Director
RANGER FIXINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
RANGER FIXINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ranger Fixings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 8, Central Business Park, Southcote Road, BH1 3SJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asse

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 6

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2023 48,454 179,719 40,681 268,854
Additions 0 72,668 0 72,668
Disposals 0 ( 61,893) 0 ( 61,893)
At 31 December 2023 48,454 190,494 40,681 279,629
Accumulated depreciation
At 01 January 2023 47,937 75,030 40,058 163,025
Charge for the financial year 103 30,225 125 30,453
Disposals 0 ( 21,921) 0 ( 21,921)
At 31 December 2023 48,040 83,334 40,183 171,557
Net book value
At 31 December 2023 414 107,160 498 108,072
At 31 December 2022 517 104,689 623 105,829

4. Stocks

2023 2022
£ £
Stocks 210,126 211,273

5. Debtors

2023 2022
£ £
Trade debtors 80,147 112,474
Corporation tax 0 5,101
Other debtors 3,074 5,163
83,221 122,738

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,256 10,078
Trade creditors 118,739 112,866
Taxation and social security 14,329 9,605
Obligations under finance leases and hire purchase contracts (secured) 17,808 21,398
Other creditors 13,592 26,551
174,724 180,498

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 16,583 26,760
Obligations under finance leases and hire purchase contracts (secured) 83,047 58,353
99,630 85,113

Hire purchase contracts are secured on the assets to which they relate.