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REGISTERED NUMBER: 06007839 (England and Wales)























Unaudited Financial Statements

for the Period

1 December 2022 to 29 November 2023

for

Aitch Tools & Fastners Ltd

Aitch Tools & Fastners Ltd (Registered number: 06007839)

Contents of the Financial Statements
for the Period 1 December 2022 to 29 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aitch Tools & Fastners Ltd

Company Information
for the Period 1 December 2022 to 29 November 2023







DIRECTOR: Mr H S Nixon





SECRETARY: Mrs A D Nixon





REGISTERED OFFICE: 316 Blackpool Road, Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 06007839 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Aitch Tools & Fastners Ltd (Registered number: 06007839)

Balance Sheet
29 November 2023

29.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 487,080 41,974

CURRENT ASSETS
Stocks 97,625 77,625
Debtors 5 222,953 269,143
Cash at bank and in hand 72,816 235,550
393,394 582,318
CREDITORS
Amounts falling due within one year 6 513,466 239,233
NET CURRENT (LIABILITIES)/ASSETS (120,072 ) 343,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,008

385,059

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (4,641 ) (2,484 )
NET ASSETS 347,367 357,575

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 347,267 357,475
347,367 357,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2023 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.

Aitch Tools & Fastners Ltd (Registered number: 06007839)

Balance Sheet - continued
29 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





Mr H S Nixon - Director


Aitch Tools & Fastners Ltd (Registered number: 06007839)

Notes to the Financial Statements
for the Period 1 December 2022 to 29 November 2023


1. STATUTORY INFORMATION

Aitch Tools & Fastners 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 - 20% on cost
Fixtures and fittings - 5% on cost
Computer equipment - 33% on cost
Motor vehicle - 20% on cost

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

Aitch Tools & Fastners Ltd (Registered number: 06007839)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 29 November 2023


2. ACCOUNTING POLICIES - continued

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 period was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 - 124,843 124,843
Additions 452,012 7,305 459,317
At 29 November 2023 452,012 132,148 584,160
DEPRECIATION
At 1 December 2022 - 82,869 82,869
Charge for period - 14,211 14,211
At 29 November 2023 - 97,080 97,080
NET BOOK VALUE
At 29 November 2023 452,012 35,068 487,080
At 30 November 2022 - 41,974 41,974

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.11.22
£    £   
Trade debtors 219,401 266,340
Other debtors 3,552 2,803
222,953 269,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.11.22
£    £   
Bank loans and overdrafts 305,534 10,000
Trade creditors 194,695 202,401
Taxation and social security 10,966 24,510
Other creditors 2,271 2,322
513,466 239,233

Aitch Tools & Fastners Ltd (Registered number: 06007839)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 29 November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.11.23 30.11.22
£    £   
Bank loans 15,000 25,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.11.23 30.11.22
£    £   
Within one year - 3,322

9. SECURED DEBTS

The following secured debts are included within creditors:

29.11.23 30.11.22
£    £   
Bank loans 320,534 35,000

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays Bank UK PLC.