03001180falsethe supply of fixings and powertools2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:SharePremium2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:SharePremium2023-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03001180

Fixings & Powertool Center Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Allan G Hill & Partners
Chenies
Okewood Hill
Dorking
Surrey
RH5 5NB

Fixings & Powertool Center Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
D W Nye
R Nye - resigned 29th September 2023
SECRETARY
D W Nye
REGISTERED OFFICE
Chenies
Okewood Hill
Dorking
Surrey
RH5 5NB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03001180
ACCOUNTANTS
Allan G Hill & Partners
Chenies
Okewood Hill
Dorking
Surrey
RH5 5NB

Fixings & Powertool Center Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Strategic Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Fixings & Powertool Center Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Intangible assets39,23212,307
Tangible assets448,12925,804
57,36138,111
CURRENT ASSETS
Stock388,272403,618
Debtors6271,7051,113,841
Cash at bank and in hand69,33042,081
729,3071,559,540
CREDITORS: Amounts falling due within one year7551,258959,550
NET CURRENT ASSETS178,049599,990
TOTAL ASSETS LESS CURRENT LIABILITIES235,410638,101
NET ASSETS235,410638,101
CAPITAL AND RESERVES
Called up share capital9100,000100,000
Share premium account1088,500148,500
Profit and loss account46,910389,601
SHAREHOLDERS' FUNDS235,410638,101

Fixings & Powertool Center Limited

BALANCE SHEET AT 31/12/2023
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/08/2024 and signed on their behalf by
.............................
D W Nye
Director
.............................

Fixings & Powertool Center Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 10%
Plant and Machineryreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Fixings & Powertool Center Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees1111
3. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/01/202326,40926,409
At 31/12/202326,40926,409
Depreciation
At 01/01/202314,10214,102
For the year3,0753,075
At 31/12/202317,17717,177
Net Book Amounts
At 31/12/20239,2329,232
At 31/12/202212,30712,307
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/01/20235,439163,360168,799
Additions19,61618,03437,650
Disposals-(12,990)(12,990)
At 31/12/202325,055168,404193,459
Depreciation
At 01/01/20233,831139,164142,995
Disposals-(11,064)(11,064)
For the year3,32310,07613,399
At 31/12/20237,154138,176145,330
Net Book Amounts
At 31/12/202317,90130,22848,129
At 31/12/20221,60824,19625,804

Fixings & Powertool Center Limited

5. STOCK 20232022
££
Stock comprises:
Stock388,272403,618
388,272403,618
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors206,228252,666
Other debtors19,3008,521
Amounts due from group companies-809,441
Prepayments43,57543,213
Deferred taxation2,602-
271,7051,113,841
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT7,63110,480
PAYE control10,5535,343
Directors current account200,000-
Bank loans and overdrafts3-
Trade creditors282,397358,973
Other creditors18,297194,816
Pension schemes1,599767
Accruals30,77838,643
Amounts due to group companies-350,528
551,258959,550
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation(2,602)-

Fixings & Powertool Center Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100000 Ordinary shares of £1 each100000100000
100,000100,000
On 29th September 2023 there was a group restructure. On this date Fixings & Powertools Center Limited ceased to be a member of a group and is now a stand alone company. As part if the restructure £60,000 was transferred from the share premium account to distributable reserves.
10. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account88,500148,500
11. CONTROLLING PARTY
The company is controlled by D W Nye by virtue of his interest in the issued share capital.