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REGISTERED NUMBER: 00818110 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GALVANISED BOLTS AND NUTS LIMITED

GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

GALVANISED BOLTS AND NUTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R E Birmingham
J C A Ramsay
L Rogers





SECRETARY: J C A Ramsay





REGISTERED OFFICE: 115 Lodgefield Road
Halesowen
West Midlands
B62 8AX





REGISTERED NUMBER: 00818110 (England and Wales)





ACCOUNTANTS: Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 - 139,316
Investments 5 2 2
Investment property 6 865,000 -
865,002 139,318

CURRENT ASSETS
Debtors 7 1,370 250
Cash at bank 479,137 543,436
480,507 543,686
CREDITORS
Amounts falling due within one year 8 188,617 272,035
NET CURRENT ASSETS 291,890 271,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,156,892

410,969

PROVISIONS FOR LIABILITIES 9 126,182 -
NET ASSETS 1,030,710 410,969

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 - 104,200
Non-distributable fair value reserve 635,905 -
Retained earnings 393,805 305,769
1,030,710 410,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





L Rogers - Director


GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Galvanised Bolts And Nuts 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current. Tax is recognised in the Profit and Loss Account, 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.

GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST OR VALUATION
At 1 October 2023 223,970
Revaluation reversal (121,057 )
Reclassification/transfer (102,913 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 84,654
Reclassification/transfer (84,654 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 139,316

The company's freehold property, revalued in a previous accounting period, has been transferred to investment property in the current accounting period and carried at fair value.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2023
and 30 September 2024 2
NET BOOK VALUE
At 30 September 2024 2
At 30 September 2023 2

GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Revaluations 762,087
Reclassification/transfer 102,913
At 30 September 2024 865,000
NET BOOK VALUE
At 30 September 2024 865,000

The investment property was valued at £865,000 as at 3 September 2024 by an independent RICS-registered valuer. The valuation was based on the market approach, using recent sales of comparable properties. Adjustments were made for differences in property characteristics and location.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 1,370 250

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 6,947
Amounts owed to group undertakings 120,415 188,952
Taxation and social security 19,616 11,109
Other creditors 48,586 65,027
188,617 272,035

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 126,182 -

Deferred tax
£
Provided during year 126,182
Balance at 30 September 2024 126,182

10. RESERVES
Revaluation
reserve
£
At 1 October 2023 104,200
Freehold property adjustments (104,200 )

At 30 September 2024 -

GALVANISED BOLTS AND NUTS LIMITED (REGISTERED NUMBER: 00818110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. OTHER FINANCIAL COMMITMENTS

The company is part of a VAT group with its subsidiary undertaking and the group VAT liability as at the year end was £4,695 (2023: £43,860).

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GALVANISED BOLTS AND NUTS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Galvanised Bolts And Nuts Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Galvanised Bolts And Nuts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Galvanised Bolts And Nuts Limited and state those matters that we have agreed to state to the Board of Directors of Galvanised Bolts And Nuts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Galvanised Bolts And Nuts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Galvanised Bolts And Nuts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Galvanised Bolts And Nuts Limited. You consider that Galvanised Bolts And Nuts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Galvanised Bolts And Nuts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


30 May 2025