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Company Registration No. 09868475 (England and Wales)
Kamtech Fasteners Ltd Unaudited accounts for the period from 1 June 2023 to 31 August 2024
Kamtech Fasteners Ltd Unaudited accounts Contents
Page
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Kamtech Fasteners Ltd Company Information for the period from 1 June 2023 to 31 August 2024
Directors
Gary Moseley Franck De Bruyne Steven Auld
Company Number
09868475 (England and Wales)
Registered Office
Scell-It Unit 7 Beacon Business Park, Beacon Way Stafford Staffordshire ST18 0DG England
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Kamtech Fasteners Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,377 
3,457 
Current assets
Inventories
110,673 
87,691 
Debtors
474,578 
546,908 
Cash at bank and in hand
36,879 
2,375 
622,130 
636,974 
Creditors: amounts falling due within one year
(275,403)
(309,930)
Net current assets
346,727 
327,044 
Total assets less current liabilities
349,104 
330,501 
Creditors: amounts falling due after more than one year
(6,787)
(20,753)
Provisions for liabilities
Deferred tax
(595)
(865)
Net assets
341,722 
308,883 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
341,622 
308,783 
Shareholders' funds
341,722 
308,883 
For the period ending 31 August 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Steven Auld Director Company Registration No. 09868475
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Kamtech Fasteners Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
1
Statutory information
Kamtech Fasteners Ltd is a private company, limited by shares, registered in England and Wales, registration number 09868475. The registered office is Scell-It, Unit 7, Beacon Business Park, Beacon Way, Stafford, Staffordshire, ST18 0DG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% 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.
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Kamtech Fasteners Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statements 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 discounts. 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 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 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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Hire purchasing 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
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
9,695 
4,386 
14,081 
At 31 August 2024
9,695 
4,386 
14,081 
Depreciation
At 1 June 2023
6,238 
4,386 
10,624 
Charge for the period
1,080 
- 
1,080 
At 31 August 2024
7,318 
4,386 
11,704 
Net book value
At 31 August 2024
2,377 
- 
2,377 
At 31 May 2023
3,457 
- 
3,457 
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Kamtech Fasteners Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
315,995 
290,931 
Accrued income and prepayments
6,683 
2,799 
Other debtors
99 
253,178 
322,777 
546,908 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
151,801 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
9,994 
VAT
78,161 
18,120 
Trade creditors
15,255 
15,496 
Taxes and social security
50,432 
18,602 
Other creditors
110,316 
244,641 
Accruals
10,591 
3,077 
275,403 
309,930 
Included in Other Creditors is an amount of £109,514 (2023 - £244,641) relating to Invoice Finance. The amounts due to Invoice Finance are secured by way of a fixed charge over the Trade Debtors and a floating charge over the Other Assets.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,787 
20,753 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
595 
865 
2024 
2023 
£ 
£ 
Provision at start of period
865 
1,153 
Credited to the profit and loss account
(270)
(288)
Provision at end of period
595 
865 
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Kamtech Fasteners Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,180 
- 
Later than one year and not later than five years
6,743 
14,583 
15,923 
14,583 
10
Controlling party
The company is a 100% owned subsidiary of Scell-it (UK) Group Limited whose Registered Office is Unit 7 Beacon Business Park, Beacon Way, Stafford, ST18 0DG.
11
Average number of employees
During the period the average number of employees was 5 (2023: 6).
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