PERFORMANCE FASTENERS LTD

Company Registration Number:
07139807 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

PERFORMANCE FASTENERS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

PERFORMANCE FASTENERS LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 543,101 547,615
Total fixed assets: 543,101 547,615
Current assets
Stocks: 76,077 74,270
Debtors:   194,898 213,150
Cash at bank and in hand: 211,718 109,162
Total current assets: 482,693 396,582
Creditors: amounts falling due within one year:   (230,901) (230,748)
Net current assets (liabilities): 251,792 165,834
Total assets less current liabilities: 794,893 713,449
Creditors: amounts falling due after more than one year:   (18,333) (28,333)
Total net assets (liabilities): 776,560 685,116
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 776,460 685,016
Shareholders funds: 776,560 685,116

The notes form part of these financial statements

PERFORMANCE FASTENERS LTD

Balance sheet statements

For the year ending 31 January 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 October 2024
and signed on behalf of the board by:

Name: S MATTHEWS
Status: Director

The notes form part of these financial statements

PERFORMANCE FASTENERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PERFORMANCE FASTENERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

PERFORMANCE FASTENERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 662,061
Additions 12,550
Disposals (15,795)
At 31 January 2024 658,816
Depreciation
At 01 February 2023 114,446
Charge for year 8,180
On disposals (6,911)
At 31 January 2024 115,715
Net book value
At 31 January 2024 543,101
At 31 January 2023 547,615

PERFORMANCE FASTENERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Financial commitments

The total future minimum lease payments under non cancellable operating leases are as follows Not later than 1 year 2024 £17,500, 2024 £17,500.