A.J.R. Fasteners Limited

	Page
Company Information	1
Accountants' Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—10

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Accountants' Report

For The Year Ended 31 December 2024

Accountants' Report

Report to the director on the preparation of the unaudited statutory accounts of A.J.R. Fasteners Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.J.R. Fasteners Limited which comprise the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of A.J.R. Fasteners Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A.J.R. Fasteners Limited and state those matters that we have agreed to state to the director of A.J.R. Fasteners Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.J.R. Fasteners Limited and its director as a body for our work or for this report.

It is your duty to ensure that A.J.R. Fasteners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of A.J.R. Fasteners Limited . You consider that A.J.R. Fasteners 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 accounts of A.J.R. Fasteners 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 financial statements.

Nuvo Scotland Limited

25 September 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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A.J.R. Fasteners Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 01868890

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,434,544		5,422,638

			5,434,544		5,422,638
CURRENT ASSETS
Stocks	5	377,350		419,352
Debtors	6	220,000		328,697
Investments	7	536		508
Cash at bank and in hand		33,577		27,857

		631,463		776,414
Creditors: Amounts Falling Due Within One Year	8	(1,247,414 )		(1,259,426 )

NET CURRENT ASSETS (LIABILITIES)			(615,951 )		(483,012 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,818,593		4,939,626

Creditors: Amounts Falling Due After More Than One Year	9		(3,034,045 )		(3,116,261 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(223,963 )		(238,460 )

NET ASSETS			1,560,585		1,584,905

CAPITAL AND RESERVES
Called up share capital			48		48
Capital redemption reserve			52		52
Profit and Loss Account			1,560,485		1,584,805

SHAREHOLDERS' FUNDS			1,560,585		1,584,905

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A.J.R. Fasteners Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Mr D Stubbs

Director

25 September 2025

The notes on pages 5 to 10 form part of these financial statements.

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A.J.R. Fasteners Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

A.J.R. Fasteners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01868890 . The registered office is 4 Bridge Cottages, Skipton Bridge, Thirsk, North Yorkshire, YO7 4SE.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

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 signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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	10% on reduing balance
Motor Vehicles	25% on cost
Fixtures & Fittings	10% on reducing balance
Computer Equipment	10% on reducing balance

Plant & Machinery assets include livestock as the client is operating the herd basis. The herd is measured at its historical cost and is not depreciated over its useful life.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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A.J.R. Fasteners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. 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.

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. 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.

2.9. 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

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.

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A.J.R. Fasteners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 4)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	4,251,189	1,343,146	52,892	16,574
Additions	-	175,926	49,050	-
Disposals	-	(126,805 )	-	-
Transfers	-	13,500	-	-

As at 31 December 2024	4,251,189	1,405,767	101,942	16,574

Depreciation
As at 1 January 2024	19,537	192,792	29,790	1,657
Provided during the period	18,916	83,271	18,001	1,492
Disposals	-	(22,059 )	-	-

As at 31 December 2024	38,453	254,004	47,791	3,149

Net Book Value
As at 31 December 2024	4,212,736	1,151,763	54,151	13,425

As at 1 January 2024	4,231,652	1,150,354	23,102	14,917


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	14,430	5,678,231
Additions	1,515	226,491
Disposals	(8,144 )	(134,949 )
Transfers	-	13,500

As at 31 December 2024	7,801	5,783,273

Depreciation
As at 1 January 2024	11,817	255,593

...CONTINUED

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A.J.R. Fasteners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Provided during the period	254	121,934
Disposals	(6,739 )	(28,798 )

As at 31 December 2024	5,332	348,729

Net Book Value
As at 31 December 2024	2,469	5,434,544

As at 1 January 2024	2,613	5,422,638

Plant & Machinery

An election for the herd basis has been made for suckler cow herd producing beef calves.

The value of the herd is an actual cost of the animals hich is £311,572 (2023: £244,652) and it is included to the Plant & Machinery account.

HP/Finance lease assets

As at 31 December 2024 there were assets held by the company under HP agreement. The net book value of the assets at that date was £786,970 (2023: £805,470) with depreciation of £83,785 (£78,520) charged in the year.

5. Stocks

	2024	2023
	£	£
Stock	377,350	419,352

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	98,553	71,883
Prepayments and accrued income	8,767	8,710
Other debtors	2,454	7,005
VAT	1,822	23,495
Amounts owed by group undertakings	108,404	112,604

	220,000	223,697
Due after more than one year
Amounts owed by group undertakings	-	105,000

	220,000	328,697

7. Current Asset Investments

	2024	2023
	£	£
Listed investments	536	508

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A.J.R. Fasteners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	187,293	186,543
Trade creditors	342,133	304,254
Bank loans and overdrafts	336,213	307,505
Other loans	25,496	-
Corporation tax	-	118
Other taxes and social security	1,228	1,486
Other creditors	311	96,616
Accruals and deferred income	-	1,350
Director's loan account	354,740	361,554

	1,247,414	1,259,426

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	482,840	586,931
Bank loans	2,438,885	2,529,330
Other loans	112,320	-

	3,034,045	3,116,261

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	1,495,652		1,537,859

10. Secured Creditors

Of the creditors the following amounts are secured.

The bank overdraft and loans are secured by a standard security by AJR Fasteners Ltd in favour of Bank Of Scotland Plc over subjects known as Land at Knapsleask, Land at Forvie Farm, Land at Whitefields Farm and Land at Netherleask Farm.

	2024		2023
	£		£
Bank loans and overdrafts	2,559,364		2,641,540

11. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	187,293	186,543
Later than one year and not later than five years	482,840	586,931

	670,133	773,474

	670,133	773,474

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A.J.R. Fasteners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	238,460	238,460
Deferred taxation	(14,497 )	(14,497 )

Balance at 31 December 2024	223,963	223,963

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	11,020	11,020
Later than one year and not later than five years	2,385	2,385

	13,405	13,405

14. Related Party Transactions

Forvie Estates Ltd is a company in which P D Stubbs is a director and shareholder. There is a loan due from Forvie Estates ltd of £102,858 (2023: £205,558).

North Craigieford Limited is a company in which P D Stubbs is a director and shareholder. There is a loan due from North Craigieford Limited of £5,547 (2023: £12,047).

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Director	Mr D Stubbs

Secretary	Mrs A Stubbs

Company Number	01868890

Registered Office	4 Bridge Cottages
	Skipton Bridge
	Thirsk
	North Yorkshire
	YO7 4SE

Accountants	Nuvo Scotland Limited
	Bankhead Drive
	City South Office Park
	Portlethen
	Aberdeen
	AB12 4XX