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REGISTERED NUMBER: 10444168 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Surefast Bolting Services Ltd

Surefast Bolting Services Ltd (Registered number: 10444168)






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


Surefast Bolting Services Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R Noakes
P Cope





REGISTERED OFFICE: Unit 1 Delta Trading Estate
Bilston Road
Wolverhampton
West Midlands
WV2 2QD





REGISTERED NUMBER: 10444168 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Surefast Bolting Services Ltd (Registered number: 10444168)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,156,752 1,362,223

CURRENT ASSETS
Stocks 38,500 32,750
Debtors 5 828,298 747,277
Cash at bank 21,700 57,552
888,498 837,579
CREDITORS
Amounts falling due within one year 6 1,407,212 1,250,129
NET CURRENT LIABILITIES (518,714 ) (412,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 638,038 949,673

CREDITORS
Amounts falling due after more than one year 7 627,583 912,547
NET ASSETS 10,455 37,126

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 10,355 37,026
SHAREHOLDERS' FUNDS 10,455 37,126

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 4 July 2025 and were signed on its behalf by:





P Cope - Director


Surefast Bolting Services Ltd (Registered number: 10444168)

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

1. STATUTORY INFORMATION

Surefast Bolting Services Ltd 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.
Improvements to property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% 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.

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.

Surefast Bolting Services Ltd (Registered number: 10444168)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023
and 31 August 2024 3,300 1,703,924 566
DEPRECIATION
At 1 September 2023 264 361,695 248
Charge for year 132 200,616 80
At 31 August 2024 396 562,311 328
NET BOOK VALUE
At 31 August 2024 2,904 1,141,613 238
At 31 August 2023 3,036 1,342,229 318

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 22,450 7,191 1,737,431
DEPRECIATION
At 1 September 2023 7,746 5,255 375,208
Charge for year 3,675 968 205,471
At 31 August 2024 11,421 6,223 580,679
NET BOOK VALUE
At 31 August 2024 11,029 968 1,156,752
At 31 August 2023 14,704 1,936 1,362,223

Surefast Bolting Services Ltd (Registered number: 10444168)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 1,609,026 15,950 1,624,976
Transfer to ownership (164,694 ) - (164,694 )
At 31 August 2024 1,444,332 15,950 1,460,282
DEPRECIATION
At 1 September 2023 306,909 3,988 310,897
Charge for year 185,759 2,990 188,749
Transfer to ownership (100,970 ) - (100,970 )
At 31 August 2024 391,698 6,978 398,676
NET BOOK VALUE
At 31 August 2024 1,052,634 8,972 1,061,606
At 31 August 2023 1,302,117 11,962 1,314,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 798,768 705,628
Amounts owed by associates 21,349 23,349
Other debtors - 7,712
Directors' current accounts - 5,932
Prepayments and accrued income 8,181 4,656
828,298 747,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 18,331 28,333
Other loans 35,000 35,000
Hire purchase contracts (see note 8) 410,771 390,021
Trade creditors 135,624 157,457
Tax 1,732 -
Social security and other taxes 36,981 19,467
VAT 265,129 143,246
Other creditors 498,205 473,632
Directors' current accounts 2,262 -
Accrued expenses 3,177 2,973
1,407,212 1,250,129

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other loans - 1-2 years 35,000 35,000
Other loans - 2-5 years 55,417 90,417
Hire purchase contracts (see note 8) 537,166 787,130
627,583 912,547

Surefast Bolting Services Ltd (Registered number: 10444168)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 410,771 390,021
Between one and five years 537,166 787,130
947,937 1,177,151

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 947,937 1,177,151
Factoring 498,205 473,632
1,446,142 1,650,783

Hire purchase liabilities are secured over the assets to which they relate.

The liability to the factoring company is secured over the company's trade debtors.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2023 37,026
Profit for the year 67,409
Dividends (94,080 )
At 31 August 2024 10,355

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the two directors who each hold 50% of the company's issue share capital.