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Company Registration No. 06571346 (England and Wales)
ASM FASTENERS LTD Unaudited accounts for the year ended 31 August 2023
ASM FASTENERS LTD Unaudited accounts Contents
Page
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ASM FASTENERS LTD Company Information for the year ended 31 August 2023
Director
Mr Anthony Bonifacio Monteiro
Company Number
06571346 (England and Wales)
Registered Office
Unit 2C Wanlip Road Syston LE7 1PD
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ASM FASTENERS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,072 
1,430 
Current assets
Inventories
21,852 
25,975 
Debtors
353,840 
147,958 
Cash at bank and in hand
857,471 
993,588 
1,233,163 
1,167,521 
Creditors: amounts falling due within one year
(273,654)
(249,366)
Net current assets
959,509 
918,155 
Total assets less current liabilities
960,581 
919,585 
Creditors: amounts falling due after more than one year
(608,928)
(648,331)
Net assets
351,653 
271,254 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
351,651 
271,252 
Shareholders' funds
351,653 
271,254 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Mr Anthony Bonifacio Monteiro Director Company Registration No. 06571346
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ASM FASTENERS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
ASM FASTENERS LTD is a private company, limited by shares, registered in England and Wales, registration number 06571346. The registered office is Unit 2C, Wanlip Road, Syston, LE7 1PD.
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 year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
Presentation currency
The accounts are presented in sterling.
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:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
7,669 
At 31 August 2023
7,669 
Depreciation
At 1 September 2022
6,239 
Charge for the year
358 
At 31 August 2023
6,597 
Net book value
At 31 August 2023
1,072 
At 31 August 2022
1,430 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
353,840 
147,958 
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ASM FASTENERS LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
23,408 
16,825 
Trade creditors
220,026 
202,455 
Taxes and social security
20,956 
24,658 
Other creditors
9,264 
5,428 
273,654 
249,366 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
525,394 
525,394 
Other creditors
83,534 
122,937 
608,928 
648,331 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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