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
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
ASM FASTENERS LTD
Statement of financial position
as at 31 August 2023
Tangible assets
1,072
1,430
Cash at bank and in hand
857,471
993,588
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
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
ASM FASTENERS LTD
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
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
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
Amounts falling due within one year
Trade debtors
353,840
147,958
ASM FASTENERS LTD
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
220,026
202,455
Taxes and social security
20,956
24,658
Other creditors
9,264
5,428
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
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).