Registered number
04549509
B V Fasteners Limited
Report and Accounts
31 March 2025
B V Fasteners Limited
Registered number: 04549509
Directors' Report
The directors present their report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year continued to be the wholesale of fasteners and fittings.
Directors
The following persons served as directors during the year:
W T Villers
C Villers
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 June 2025 and signed on its behalf.
C Villers Esq
Director
B V Fasteners Limited
Accountants' Report
Accountants' report to the directors of
B V Fasteners Limited
You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accountancy Admin Ltd
Accountants
Seren Y Mor
Stad Gwastadgoed Isaf
Llwyngwril
Gwynedd
LL37 2LA
10 June 2025
B V Fasteners Limited
Registered number: 04549509
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £ £ £
Fixed assets
Tangible assets 3 1,482 1,976
Current assets
Stocks 169,815 153,746
Debtors 4 112,298 130,513
Cash at bank and in hand 93,456 108,766
375,569 393,025
Creditors: amounts falling due within one year 5 (82,950) (116,024)
Net current assets 292,619 277,001
Total assets less current liabilities 294,101 278,977
Creditors: amounts falling due after more than one year 6 (5,833) (15,833)
Net assets 288,268 263,144
Capital and reserves
Called up share capital 12 12
Profit and loss account 288,256 263,132
Shareholders' funds 288,268 263,144
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W T Villers Esq
Director
Approved by the board on 10 June 2025
B V Fasteners Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 13,457
At 31 March 2025 13,457
Depreciation
At 1 April 2024 11,481
Charge for the year 494
At 31 March 2025 11,975
Net book value
At 31 March 2025 1,482
At 31 March 2024 1,976
4 Debtors 2025 2024
£ £
Trade debtors 106,498 130,513
Prepayments 5,800 -
112,298 130,513
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts(Unsecured) 10,000 10,000
Trade creditors 8,869 33,956
Directors Loan 16,054 14,667
Corporation tax 33,849 37,667
Other taxes and social security costs 12,528 18,084
Other creditors 1,650 1,650
82,950 116,024
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans(Unsecured) 5,833 15,833
7 Controlling party
The company is ultimately controlled by William and Christopher Villers, who are Directors and Shareholders of the company.
8 Other information
B V Fasteners Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit J1 Sapphire Court
George Road
Bromsgrove
West Midlands
B60 3FW
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