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REGISTERED NUMBER: 04330958 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALLTHREAD TOOLS & FASTENERS LIMITED

ALLTHREAD TOOLS & FASTENERS LIMITED (REGISTERED NUMBER: 04330958)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLTHREAD TOOLS & FASTENERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Scott Daryl Berisford
Darren Bryan James
Peter Rogers
Glenn Malcolm Sergeant





SECRETARY: Peter Rogers





REGISTERED OFFICE: Owen Street
Off Ribbleton Lane
Preston
Lancashire
PR1 5DN





REGISTERED NUMBER: 04330958 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
PRESTON
Lancashire
PR2 2YH

ALLTHREAD TOOLS & FASTENERS LIMITED (REGISTERED NUMBER: 04330958)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 460,974 440,213

CURRENT ASSETS
Stocks 85,000 85,000
Debtors 5 563,858 496,429
Cash at bank and in hand 756,380 518,340
1,405,238 1,099,769
CREDITORS
Amounts falling due within one year 6 322,935 268,531
NET CURRENT ASSETS 1,082,303 831,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,543,277

1,271,451

PROVISIONS FOR LIABILITIES 6,312 852
NET ASSETS 1,536,965 1,270,599

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,536,865 1,270,499
SHAREHOLDERS' FUNDS 1,536,965 1,270,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALLTHREAD TOOLS & FASTENERS LIMITED (REGISTERED NUMBER: 04330958)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by:




Scott Daryl Berisford - Director Glenn Malcolm Sergeant - Director




Peter Rogers - Director Darren Bryan James - Director


ALLTHREAD TOOLS & FASTENERS LIMITED (REGISTERED NUMBER: 04330958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Allthread Tools & Fasteners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost

Freehold property held by the company is not subject to depreciation. This is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset.
Freehold property is maintained to ensure that its value does not diminish over time. The maintenance costs are charged to the profit and loss account as they are incurred. Any depreciation charge on the asset would not, in the opinion of the directors, be material since the property is maintained to a high standard.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALLTHREAD TOOLS & FASTENERS LIMITED (REGISTERED NUMBER: 04330958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 435,728 13,056 1,940 19,607 470,331
Additions - 20,520 - 4,139 24,659
At 31 December 2023 435,728 33,576 1,940 23,746 494,990
DEPRECIATION
At 1 January 2023 - 10,324 1,659 18,135 30,118
Charge for year - 2,203 70 1,625 3,898
At 31 December 2023 - 12,527 1,729 19,760 34,016
NET BOOK VALUE
At 31 December 2023 435,728 21,049 211 3,986 460,974
At 31 December 2022 435,728 2,732 281 1,472 440,213

ALLTHREAD TOOLS & FASTENERS LIMITED (REGISTERED NUMBER: 04330958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 278,116 240,206
Amounts due from parent company 255,503 238,416
Factoring account 29,054 17,208
Prepayments and accrued income 1,185 599
563,858 496,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 165,682 172,529
Tax 105,235 57,700
Social security and other taxes 43,718 31,816
Accrued expenses 8,300 6,486
322,935 268,531

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £255,503 due from the parent company, Allthread Fasteners (Holdings) Limited (2022: £238,416).

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors as disclosed within the directors' report, by virtue of their shareholdings in the parent company.