REGISTERED NUMBER: 01527382 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

ALFAST FIXINGS & FASTENERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A L Stearn

A G Stearn

SECRETARY:

Mrs A L Stearn

REGISTERED OFFICE:

Unit 1 Avant Business Centre

First Avenue

Denbigh West

Milton Keynes

Buckinghamshire

MK1 1DL

REGISTERED NUMBER:

01527382 (England and Wales)

ACCOUNTANTS:

Barnard Mountstephens Childs Limited

Chartered Certified Accountants

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

SS1 1BN

FIXED ASSETS

Intangible assets

4

1,265

2,883

Tangible assets

5

38,948

42,450

40,213

45,333

CURRENT ASSETS

Stocks

148,138

143,000

Debtors

6

392,826

415,513

Cash at bank and in hand

7,880

1,345

548,844

559,858

CREDITORS

Amounts falling due within one year

7

169,463

219,412

NET CURRENT ASSETS

379,381

340,446

TOTAL ASSETS LESS CURRENT LIABILITIES

419,594

385,779

CREDITORS

Amounts falling due after more than one year

8

20,967

-

NET ASSETS

398,627

385,779

CAPITAL AND RESERVES

Called up share capital

9

20

20

Retained earnings

398,607

385,759

SHAREHOLDERS' FUNDS

398,627

385,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:

Mrs A L Stearn - Director

1.	STATUTORY INFORMATION

Alfast Fixings & Fasteners Limited 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Costs is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

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 year was 5 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2023

and 30 November 2024

8,090

AMORTISATION

At 1 December 2023

5,207

Charge for year

1,618

At 30 November 2024

6,825

NET BOOK VALUE

At 30 November 2024

1,265

At 30 November 2023

2,883

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

£

£

£

COST

At 1 December 2023

10,861

4,632

59,214

Additions

-

2,410

60

At 30 November 2024

10,861

7,042

59,274

DEPRECIATION

At 1 December 2023

5,068

3,015

39,265

Charge for year

724

544

2,998

At 30 November 2024

5,792

3,559

42,263

NET BOOK VALUE

At 30 November 2024

5,069

3,483

17,011

At 30 November 2023

5,793

1,617

19,949

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2023

14,496

37,725

126,928

Additions

-

697

3,167

At 30 November 2024

14,496

38,422

130,095

DEPRECIATION

At 1 December 2023

13,315

23,815

84,478

Charge for year

295

2,108

6,669

At 30 November 2024

13,610

25,923

91,147

NET BOOK VALUE

At 30 November 2024

886

12,499

38,948

At 30 November 2023

1,181

13,910

42,450

6.

DEBTORS

30/11/24

30/11/23

£

£

Amounts falling due within one year:

Trade debtors

35,814

40,005

Other debtors

60

890

Prepayments

3,601

21,167

39,475

62,062

Amounts falling due after more than one year:

Due from group undertaking

353,351

353,451

Aggregate amounts

392,826

415,513

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Bank loans and overdrafts

42,248

51,294

Other loans

9,319

-

Trade creditors

38,234

47,609

Corporation tax

13,305

8,596

Social security and other taxes

587

507

Pensions

232

134

VAT

13,329

11,113

Other creditors

7,189

7,415

Directors' current accounts

40,940

88,944

Accruals & deferred income

4,080

3,800

169,463

219,412

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/24

30/11/23

£

£

Other loans - 2-5 years

20,967

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/24

30/11/23

value:

£

£

16

Ordinary A

£1

16

16

4

Ordinary B

£1

4

4

20

20

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A L Stearn.

The parent undertaking is Watson & Stearn Holdings Limited whose registered address is Unit 1 Avant Business Centre, First Avenue, Denbign west. Milton Keynes, MK1 1DL.

The parent company is exempt from the requirement to prepare group accounts.