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REGISTERED NUMBER: 04040727 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Union Fasteners Limited

Union Fasteners Limited (Registered number: 04040727)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Union Fasteners Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: D R Barber
J L Frewin
A Garrett
E A Kolodner
T D Brooksbank





REGISTERED OFFICE: Unit 34 Darlaston Central Tradin
Estate Salisbury Street
Darlaston
West Midlands
WS10 8XB





REGISTERED NUMBER: 04040727 (England and Wales)





AUDITORS: Rusling & Co, Statutory Auditor
F6 The Bloc
Anlaby
East Yorkshire
HU10 6RJ

Union Fasteners Limited (Registered number: 04040727)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 352,624 271,611

CURRENT ASSETS
Stocks 654,519 483,313
Debtors 5 1,247,674 851,395
Cash at bank and in hand 199,185 76,830
2,101,378 1,411,538
CREDITORS
Amounts falling due within one year 6 1,055,906 520,284
NET CURRENT ASSETS 1,045,472 891,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,398,096

1,162,865

CREDITORS
Amounts falling due after more than one
year

7

(186,509

)

(206,739

)

PROVISIONS FOR LIABILITIES (66,999 ) (51,607 )
NET ASSETS 1,144,588 904,519

CAPITAL AND RESERVES
Called up share capital 55,889 55,889
Share premium 244,071 244,071
Capital redemption reserve 45,000 45,000
Retained earnings 799,628 559,559
1,144,588 904,519

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 29 May 2025 and were signed on its behalf by:





T D Brooksbank - Director


Union Fasteners Limited (Registered number: 04040727)

Notes to the Financial Statements
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Union Fasteners 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 etc - 33% on cost, 25% on cost, 15% on reducing balance and 10% 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.

Union Fasteners Limited (Registered number: 04040727)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 948,050
Additions 163,674
At 31 December 2024 1,111,724
DEPRECIATION
At 1 January 2024 676,438
Charge for year 82,662
At 31 December 2024 759,100
NET BOOK VALUE
At 31 December 2024 352,624
At 31 December 2023 271,612

Union Fasteners Limited (Registered number: 04040727)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 336,996
DEPRECIATION
At 1 January 2024
and 31 December 2024 148,919
NET BOOK VALUE
At 31 December 2024 188,077
At 31 December 2023 188,077

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 720,253 265,667
Amounts owed by group undertakings 490,215 529,791
Other debtors 27,206 34,270
1,237,674 829,728

Amounts falling due after more than one year:
Amounts owed by group undertakings 10,000 21,667

Aggregate amounts 1,247,674 851,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,250 65,234
Hire purchase contracts 82,880 47,900
Trade creditors 266,884 244,541
Taxation and social security 58,241 14,342
Other creditors 585,651 148,267
1,055,906 520,284

Union Fasteners Limited (Registered number: 04040727)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,831 65,097
Hire purchase contracts 180,678 141,642
186,509 206,739

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

The Report of the Auditors was unqualified.

Andrew Rusling (Senior Statutory Auditor)
for and on behalf of Rusling & Co, Statutory Auditor

9. RELATED PARTY DISCLOSURES

At the year end the company was owed £475,533 (2023 - £475,533) by a company under common control. The loan is not interest bearing and there are no formal terms of repayment.