2023-03-01 13937754 2024-02-29 13937754 2023-03-01 2024-02-29 13937754 2023-02-28 13937754 2022-02-24 2023-02-28 13937754 uk-core:WithinOneYear 2023-02-28 13937754 uk-core:WithinOneYear 2024-02-29 13937754 uk-core:AfterOneYear 2023-02-28 13937754 uk-core:AfterOneYear 2024-02-29 13937754 uk-core:ShareCapital 2024-02-29 13937754 uk-core:ShareCapital 2023-02-28 13937754 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 13937754 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 13937754 uk-bus:Director1 2023-03-01 2024-02-29 13937754 uk-core:Goodwill 2023-02-28 13937754 uk-core:Goodwill 2024-02-29 iso4217:GBP xbrli:pure 13937754 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13937754 uk-bus:FRS102 2023-03-01 2024-02-29 13937754 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 13937754 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Empire Tools & Abrasives Ltd
Registered Number:13937754
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Empire Tools & Abrasives Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
13937754
As at 29 February 2024
Empire Tools & Abrasives Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
12,000
12,000
2
Property, plant and equipment
4,403
4,403
3
16,403
16,403
Current assets
Inventories
3,625
3,625
4
Trade and other receivables
163,118
122,554
5
90,003
Cash and cash equivalents
56,232
182,411
256,746
Trade and other payables: amounts falling due within one
year
(61,625)
(37,123)
6
195,121
145,288
Net current assets
Total assets less current liabilities
161,691
211,524
Trade and other payables: amounts falling due after more
than one year
(125,792)
(63,067)
7
98,624
Net assets
85,732
Capital and reserves
Called up share capital
100
100
Retained earnings
98,524
85,632
98,624
85,732
Shareholders' funds
For the year ended 29 February 2024 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Philip Higginson Director
These financial statements were approved and authorised for issue by the Board on 22 November 2024 and were signed by:
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4
Registered Number :
13937754
For the year ended 29 February 2024
Empire Tools & Abrasives Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 29 February 2024
Empire Tools & Abrasives Ltd
Notes to the Financial Statements
Statutory Information
Empire Tools & Abrasives Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 13937754.
Registered address:
Unit 15B
Halliwell Business Park
Rossini Street
Bolton
BL18DL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2023
12,000
At 29 February 2024
12,000
Net book value
At 29 February 2024
12,000
At 28 February 2023
12,000
3. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 March 2023
4,403
At 29 February 2024
4,403
At 29 February 2024
Net book value
4,403
At 28 February 2023
4,403
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6
For the year ended 29 February 2024
Empire Tools & Abrasives Ltd
Notes to the Financial Statements Continued
4. Inventories
2023
2024
£
£
Stocks
3,625
3,625
5. Trade and other receivables
2023
2024
£
£
Trade debtors
122,554
163,118
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
29,185
31,060
Taxation and social security
7,038
29,665
Other creditors
900
900
37,123
61,625
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
63,067
125,792
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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