03001180falsethe supply of fixings and powertools2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-12-31http://www.companieshouse.gov.uk/pt:SharePremium2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/pt:SharePremium2024-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03001180

Fixings & Powertool Center Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
Paul Noakes Accountancy
88 St Lawrence Avenue
Worthing
West Sussex
BN14 7JL

Fixings & Powertool Center Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
D W Nye
SECRETARY
D W Nye
REGISTERED OFFICE
Hewells House
Dorking Road
Kingsfold
West Sussex
RH12 3SD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03001180
ACCOUNTANTS
Paul Noakes Accountancy
88 St Lawrence Avenue
Worthing
West Sussex
BN14 7JL

Fixings & Powertool Center Limited

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Strategic Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Fixings & Powertool Center Limited

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Intangible assets36,9259,232
Tangible assets444,90948,129
51,83457,361
CURRENT ASSETS
Stock404,139388,272
Debtors6266,092271,705
Cash at bank and in hand46,83369,330
717,064729,307
CREDITORS: Amounts falling due within one year7534,449551,258
NET CURRENT ASSETS182,615178,049
TOTAL ASSETS LESS CURRENT LIABILITIES234,449235,410
NET ASSETS234,449235,410
CAPITAL AND RESERVES
Called up share capital9100,000100,000
Share premium account1088,50088,500
Profit and loss account45,94946,910
SHAREHOLDERS' FUNDS234,449235,410
For the year ending 31/12/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/02/2025 and signed on their behalf by
.............................
D W Nye
Director

Fixings & Powertool Center Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 10%
Plant and Machineryreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Fixings & Powertool Center Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees1311
3. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/01/202426,40926,409
At 31/12/202426,40926,409
Depreciation
At 01/01/202417,17717,177
For the year2,3072,307
At 31/12/202419,48419,484
Net Book Amounts
At 31/12/20246,9256,925
At 31/12/20239,2329,232
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/01/202425,055168,404193,459
Additions6,4408457,285
At 31/12/202431,495169,249200,744
Depreciation
At 01/01/20247,154138,176145,330
For the year2,7327,77310,505
At 31/12/20249,886145,949155,835
Net Book Amounts
At 31/12/202421,60923,30044,909
At 31/12/202317,90130,22848,129

Fixings & Powertool Center Limited

5. STOCK 20242023
££
Stock comprises:
Stock404,139388,272
404,139388,272
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors219,251206,228
Other debtors19,43019,300
Prepayments23,90643,575
Deferred taxation3,5052,602
266,092271,705
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT15,3947,631
PAYE control9,32910,553
Directors current account200,000200,000
Bank loans and overdrafts-3
Trade creditors296,775282,397
Other creditors3,86018,297
Pension schemes1,5631,599
Accruals7,52830,778
534,449551,258
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation(3,505)(2,602)

Fixings & Powertool Center Limited

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100000 Ordinary shares of £1 each100000100000
100,000100,000
10. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account88,50088,500
11. CONTROLLING PARTY
The company is controlled by D W Nye by virtue of his interest in the issued share capital.