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REGISTERED NUMBER: 01558363 (England and Wales)













FASTENERS & ENGINEERING SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FASTENERS & ENGINEERING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr N J Hughes
Mr J G B Thomas
Mr I G B Thomas





REGISTERED OFFICE: Unit 39d Vale Business Park
Llandow
Nr Cowbridge
Vale of Glamorgan
CF71 7PF





REGISTERED NUMBER: 01558363 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 12,133 22,074
Tangible assets 5 60,448 98,241
72,581 120,315

CURRENT ASSETS
Stocks 494,460 445,692
Debtors 6 336,115 311,630
Cash at bank and in hand 155,828 175,983
986,403 933,305
CREDITORS
Amounts falling due within one year 7 366,708 387,573
NET CURRENT ASSETS 619,695 545,732
TOTAL ASSETS LESS CURRENT LIABILITIES 692,276 666,047

CREDITORS
Amounts falling due after more than one year 8 (20,121 ) (49,982 )

PROVISIONS FOR LIABILITIES (14,522 ) (23,970 )
NET ASSETS 657,633 592,095

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 657,433 591,995
SHAREHOLDERS' FUNDS 657,633 592,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr I G B Thomas - Director


FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Fasteners & Engineering Supplies 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% straight line on cost
Fixtures and fittings - 10% - 33% per annum on cost
Motor vehicles - 25% 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


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 year was 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Website
developments Debenture Totals
£ £ £
COST
At 1 August 2023
and 31 July 2024 50,354 500 50,854
AMORTISATION
At 1 August 2023 28,780 - 28,780
Amortisation for year 9,941 - 9,941
At 31 July 2024 38,721 - 38,721
NET BOOK VALUE
At 31 July 2024 11,633 500 12,133
At 31 July 2023 21,574 500 22,074

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 developments are being amortised evenly over their estimated useful life of five years.

FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 August 2023 2,360 24,700 139,878
Additions - - -
At 31 July 2024 2,360 24,700 139,878
DEPRECIATION
At 1 August 2023 - 23,533 107,457
Charge for year - 1,167 22,508
At 31 July 2024 - 24,700 129,965
NET BOOK VALUE
At 31 July 2024 2,360 - 9,913
At 31 July 2023 2,360 1,167 32,421

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 August 2023 137,220 50,860 355,018
Additions - 1,585 1,585
At 31 July 2024 137,220 52,445 356,603
DEPRECIATION
At 1 August 2023 74,927 50,860 256,777
Charge for year 15,573 130 39,378
At 31 July 2024 90,500 50,990 296,155
NET BOOK VALUE
At 31 July 2024 46,720 1,455 60,448
At 31 July 2023 62,293 - 98,241

FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 August 2023
and 31 July 2024 14,000 137,220 151,220
DEPRECIATION
At 1 August 2023 12,833 74,927 87,760
Charge for year 1,167 15,573 16,740
At 31 July 2024 14,000 90,500 104,500
NET BOOK VALUE
At 31 July 2024 - 46,720 46,720
At 31 July 2023 1,167 62,293 63,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 326,986 302,457
Other debtors 9,129 9,173
336,115 311,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,189 9,950
Hire purchase contracts 16,740 19,240
Trade creditors 213,020 276,529
Taxation and social security 118,257 80,004
Other creditors 8,502 1,850
366,708 387,573

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 8,175 19,047
Hire purchase contracts 11,946 30,935
20,121 49,982

FASTENERS & ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 01558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 18,364 28,997
Hire purchase contracts 28,686 50,175
47,050 79,172

The bank loan has a fixed and floating charge over all the property or undertaking of the company.

Hire purchase balances are secured against the asset to which they relate.