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REGISTERED NUMBER: 05110467 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

A1 FIXINGS LTD

A1 FIXINGS LTD (REGISTERED NUMBER: 05110467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A1 FIXINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: L C Nixon





REGISTERED OFFICE: 35a Lyons Street
Sheffield
South Yorkshire
S4 7QS





REGISTERED NUMBER: 05110467 (England and Wales)





ACCOUNTANTS: Michael A Jarvis & Co Ltd
Edenthorpe
Grove Road
Rotherham
South Yorkshire
S60 2ER

A1 FIXINGS LTD (REGISTERED NUMBER: 05110467)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,027 25,878

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 130,878 137,155
Cash at bank 105,096 154,597
255,974 311,752
CREDITORS
Amounts falling due within one year 6 200,267 250,769
NET CURRENT ASSETS 55,707 60,983
TOTAL ASSETS LESS CURRENT LIABILITIES 76,734 86,861

CREDITORS
Amounts falling due after more than one year 7 (11,721 ) (21,653 )

PROVISIONS FOR LIABILITIES (3,995 ) (4,917 )
NET ASSETS 61,018 60,291

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 61,017 60,290
61,018 60,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 August 2024 and were signed by:





L C Nixon - Director


A1 FIXINGS LTD (REGISTERED NUMBER: 05110467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

A1 Fixings Ltd 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

A1 FIXINGS LTD (REGISTERED NUMBER: 05110467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 48,182
Additions 1,015
At 30 April 2024 49,197
DEPRECIATION
At 1 May 2023 22,304
Charge for year 5,866
At 30 April 2024 28,170
NET BOOK VALUE
At 30 April 2024 21,027
At 30 April 2023 25,878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,551 136,397
Other debtors 1,327 758
130,878 137,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,648 10,648
Trade creditors 75,841 57,716
Taxation and social security 25,339 32,740
Other creditors 88,439 149,665
200,267 250,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 11,721 21,653

8. LOANS

The company previously drew down funds under the bounce back loan scheme subject to the standard terms and conditions set out by HM Treasury.

A1 FIXINGS LTD (REGISTERED NUMBER: 05110467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
L C Nixon
Balance outstanding at start of year (144,187 ) (111,733 )
Amounts advanced - (32,454 )
Amounts repaid 60,470 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (83,717 ) (144,187 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is L C Nixon.