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Registered number: 03024005
Rivetnut Technology Systems Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03024005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,382 72,021
68,382 72,021
CURRENT ASSETS
Stocks 5 234,073 251,317
Debtors 6 145,784 169,601
Cash at bank and in hand 448,499 309,765
828,356 730,683
Creditors: Amounts Falling Due Within One Year 7 (126,706 ) (121,738 )
NET CURRENT ASSETS (LIABILITIES) 701,650 608,945
TOTAL ASSETS LESS CURRENT LIABILITIES 770,032 680,966
NET ASSETS 770,032 680,966
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 769,732 680,666
SHAREHOLDERS' FUNDS 770,032 680,966
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P G Gallot
Director
9 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rivetnut Technology Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03024005 . The registered office is Unit 5 Bridgegate Business Park, Gatehouse Way, Aylesbury, Buckinghamshire, HP19 8XN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
2.2. 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 industrial fixings, tools and other supplies. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has received delivery of the goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 33% on cost
Motor Vehicles 33% on reducing balance
Office Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 126,180 2,593 19,859 19,280 167,912
Additions - - - 810 810
As at 31 December 2024 126,180 2,593 19,859 20,090 168,722
Depreciation
As at 1 January 2024 59,193 2,593 16,847 17,258 95,891
Provided during the period 2,512 - 994 943 4,449
As at 31 December 2024 61,705 2,593 17,841 18,201 100,340
Net Book Value
As at 31 December 2024 64,475 - 2,018 1,889 68,382
As at 1 January 2024 66,987 - 3,012 2,022 72,021
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5. Stocks
2024 2023
£ £
Stock 234,073 251,317
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 133,272 158,840
Prepayments and accrued income 12,512 10,743
Other debtors - 18
145,784 169,601
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 61,975 78,183
Corporation tax 32,368 12,861
Other taxes and social security 4,063 4,237
VAT 15,099 14,636
Net wages 617 445
Other creditors 747 751
Accruals and deferred income 11,837 10,625
126,706 121,738
8. Secured Creditors
The Bank of Scotland has provided HM Revenue and Customs with a bank guarantee of £20,000 in respect of import duty deferment account liabilities. 
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
300 Ordinary Shares of £ 1.00 each 300 300
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 5,364 5,364
Later than one year and not later than five years 447 5,812
5,811 11,176
11. Controlling Parties
The company's immediate parent undertaking is . Societe Industrielle de Mecanique et d'Automation du Faucigny SAS (incorporated in France) which prepares publically available group consolidated accounts.
The ultimate parent undertaking is PAG Holding SAS (incorporated in France). 
The  registered office for both the immediate and parent companies is 61 avenue de l'Europe, 78140 Velizy-Villacoublay, France.
12. Audit Information
The auditor's report on the accounts of Rivetnut Technology Systems Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Jonathan Hankinson (Senior Statutory Auditor) for and on behalf of Lindon Audit Services Limited , Statutory Auditor.
Lindon Audit Services Limited
Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD
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