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REGISTERED NUMBER: 04644774 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

NUTTERS FASTENINGS LIMITED

NUTTERS FASTENINGS LIMITED (REGISTERED NUMBER: 04644774)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NUTTERS FASTENINGS LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mrs L Fisher
S E J Whitehouse





REGISTERED OFFICE: Units 3, 4 & 5 Maple Business Park
Walter Street
Birmingham
West Midlands
B7 5ET





REGISTERED NUMBER: 04644774 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
Chartered Accountants
Statutory Auditors
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

NUTTERS FASTENINGS LIMITED (REGISTERED NUMBER: 04644774)

BALANCE SHEET
31 August 2024

2024 2023
(Unaudited)
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 57,739 55,724

CURRENT ASSETS
Stocks 156,239 339,116
Debtors 5 965,451 1,060,537
Cash at bank and in hand 113,571 133,238
1,235,261 1,532,891
CREDITORS
Amounts falling due within one year 6 361,282 424,043
NET CURRENT ASSETS 873,979 1,108,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

931,718

1,164,572

PROVISIONS FOR LIABILITIES 7 14,170 13,384
NET ASSETS 917,548 1,151,188

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 917,448 1,151,088
SHAREHOLDERS' FUNDS 917,548 1,151,188

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





S E J Whitehouse - Director


NUTTERS FASTENINGS LIMITED (REGISTERED NUMBER: 04644774)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Nutters Fastenings 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.
Plant and machinery - 33% on cost, 20% on cost and 10% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 25% 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.

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.

Hire purchase 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 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.

NUTTERS FASTENINGS LIMITED (REGISTERED NUMBER: 04644774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 6,566 63,231 52,490 122,287
Additions - - 22,535 22,535
Disposals - - (9,250 ) (9,250 )
At 31 August 2024 6,566 63,231 65,775 135,572
DEPRECIATION
At 1 September 2023 6,566 30,167 29,830 66,563
Charge for year - 11,553 8,967 20,520
Eliminated on disposal - - (9,250 ) (9,250 )
At 31 August 2024 6,566 41,720 29,547 77,833
NET BOOK VALUE
At 31 August 2024 - 21,511 36,228 57,739
At 31 August 2023 - 33,064 22,660 55,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 260,520 291,308
Amounts owed by group undertakings 671,192 724,126
Prepayments 33,739 45,103
965,451 1,060,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade creditors 202,372 217,078
Amounts owed to group undertakings 9,005 25,110
Social security and other taxes 45,221 57,839
Other creditors 2,630 2,913
Directors' current accounts 80,000 80,000
Accruals and deferred income 22,054 41,103
361,282 424,043

NUTTERS FASTENINGS LIMITED (REGISTERED NUMBER: 04644774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
(Unaudited)
£    £   
Deferred tax
Accelerated capital allowances 14,435 13,931
Other timing differences (265 ) (547 )
14,170 13,384

Deferred
tax
£   
Balance at 1 September 2023 13,384
Charge to Income Statement during year 786
Balance at 31 August 2024 14,170

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were not appointed as auditor of the company until after 31 August 2023 and thus did not observe the counting of physical inventories at the end of of the year ended 31 August 2022 or 31 August 2023. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 August 2022 or 31 August 2023, which are included in the balance sheet at £301,638 and £339,116 respectively, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

The comparative figures were not audited.

Mark Spafford FCA FCCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

10. PENSION COMMITMENTS

Included in other creditors is £2,630 (31 August 2023 - £2,189) of outstanding pension contributions.

NUTTERS FASTENINGS LIMITED (REGISTERED NUMBER: 04644774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

11. PARENT UNDERTAKING

The company is a wholly owned subsidiary of Stulou Limited, a company registered in England and Wales.