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REGISTERED NUMBER: 07836108 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fast Mover Tools Limited

Fast Mover Tools Limited (Registered number: 07836108)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fast Mover Tools Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: B Moffitt





REGISTERED OFFICE: Unit 1 Frenchs Avenue
Dunstable
Bedfordshire
LU6 1BH





REGISTERED NUMBER: 07836108 (England and Wales)





ACCOUNTANTS: Pace Accountants
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB

Fast Mover Tools Limited (Registered number: 07836108)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 59,668 80,620
59,668 80,620

CURRENT ASSETS
Stocks 1,054,259 1,226,416
Debtors 6 752,712 478,855
Cash at bank and in hand 417,767 393,193
2,224,738 2,098,464
CREDITORS
Amounts falling due within one year 7 491,248 464,404
NET CURRENT ASSETS 1,733,490 1,634,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,793,158

1,714,680

CREDITORS
Amounts falling due after more than one
year

8

(122,279

)

(172,294

)

PROVISIONS FOR LIABILITIES (1,122 ) (3,395 )
NET ASSETS 1,669,757 1,538,991

CAPITAL AND RESERVES
Called up share capital 250,100 250,100
Retained earnings 1,419,657 1,288,891
1,669,757 1,538,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Fast Mover Tools Limited (Registered number: 07836108)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2025 and were signed by:





B Moffitt - Director


Fast Mover Tools Limited (Registered number: 07836108)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Fast Mover Tools 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of eleven years.

The policy for the amortisation of the Goodwill was changed at year ended 31.12.2021. The amount of amortisation was changed to reflect the writing off of the full amount of the goodwill over ten rather than twenty years. The remaining goodwill has been written off.

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.
Fixtures and fittings - 25% on reducing balance
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 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.

Fast Mover Tools Limited (Registered number: 07836108)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

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 10 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 180,000
AMORTISATION
At 1 January 2024
and 31 December 2024 180,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 44,823 121,022 165,845
Additions 3,380 10,099 13,479
Disposals (12,272 ) - (12,272 )
At 31 December 2024 35,931 131,121 167,052
DEPRECIATION
At 1 January 2024 26,014 59,211 85,225
Charge for year 4,116 24,593 28,709
Eliminated on disposal (6,550 ) - (6,550 )
At 31 December 2024 23,580 83,804 107,384
NET BOOK VALUE
At 31 December 2024 12,351 47,317 59,668
At 31 December 2023 18,809 61,811 80,620

Fast Mover Tools Limited (Registered number: 07836108)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 13,218 108,222 121,440
Disposals (637 ) - (637 )
At 31 December 2024 12,581 108,222 120,803
DEPRECIATION
At 1 January 2024 7,642 51,811 59,453
Charge for year 1,326 20,718 22,044
Eliminated on disposal (368 ) - (368 )
At 31 December 2024 8,600 72,529 81,129
NET BOOK VALUE
At 31 December 2024 3,981 35,693 39,674
At 31 December 2023 5,576 56,411 61,987

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 643,878 450,437
Other debtors 108,834 28,418
752,712 478,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 25,729 61,492
Hire purchase contracts (see note 9) 24,367 24,367
Trade creditors 238,222 165,123
Taxation and social security 128,528 103,719
Other creditors 74,402 109,703
491,248 464,404

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 87,506 113,153
Hire purchase contracts (see note 9) 17,713 42,081
Amounts owed to group undertakings 17,060 17,060
122,279 172,294

Fast Mover Tools Limited (Registered number: 07836108)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 24,367 24,367
Between one and five years 17,713 42,081
42,080 66,448

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 10,728 -
Between one and five years 20,562 -
31,290 -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
B Moffitt
Balance outstanding at start of year 2,637 -
Amounts advanced 100,552 137,715
Amounts repaid (103,189 ) (135,078 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,637

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £62,500 (2023 - £40,000) were paid to the director .

The aggregate balances outstanding at the year end amounted to:
Loans from the director £5,985
Loans to shareholder £9,479
Loans to other associated parties £80,238

Aggregate transactions with associated companies amounted to £53,367. The amounts owed to associated companies at the end of the year were £70,580 (2023: £29,759 owed to associated companies)