Allthread Tools & Fasteners Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04330958 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALLTHREAD TOOLS & FASTENERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Scott Daryl Berisford

Darren Bryan James

Peter Rogers

SECRETARY:

Peter Rogers

REGISTERED OFFICE:

Owen Street

Off Ribbleton Lane

Preston

Lancashire

PR1 5DN

REGISTERED NUMBER:

04330958 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

460,317

460,974

CURRENT ASSETS

Stocks

85,000

Debtors

5

527,829

563,858

Cash at bank and in hand

969,634

756,380

1,582,463

1,405,238

CREDITORS

Amounts falling due within one year

6

249,194

322,935

NET CURRENT ASSETS

1,333,269

1,082,303

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,793,586

1,543,277

PROVISIONS FOR LIABILITIES

6,147

6,312

NET ASSETS

1,787,439

1,536,965

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

1,787,339

1,536,865

SHAREHOLDERS' FUNDS

1,787,439

1,536,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 June 2025 and were signed on its behalf by:

Scott Daryl Berisford - Director

Peter Rogers - Director

Darren Bryan James - Director

1.	STATUTORY INFORMATION

Allthread Tools & 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.

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

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

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 33% on cost

Freehold property held by the company is not subject to depreciation. This is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset.

Freehold property is maintained to ensure that its value does not diminish over time. The maintenance costs are charged to the profit and loss account as they are incurred. Any depreciation charge on the asset would not, in the opinion of the directors, be material since the property is maintained to a high standard.

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

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

435,728

33,576

1,940

23,746

494,990

Additions

-

5,058

-

5,058

At 31 December 2024

435,728

38,634

1,940

23,746

500,048

DEPRECIATION

At 1 January 2024

-

12,527

1,729

19,760

34,016

Charge for year

-

3,797

53

1,865

5,715

At 31 December 2024

-

16,324

1,782

21,625

39,731

NET BOOK VALUE

At 31 December 2024

435,728

22,310

158

2,121

460,317

At 31 December 2023

435,728

21,049

211

3,986

460,974

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

261,228

278,116

Amounts due from parent company

263,624

255,503

Factoring account

-

29,054

Prepayments and accrued income

2,977

1,185

527,829

563,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade creditors

78,662

165,682

Tax

113,417

105,235

Social security and other taxes

49,657

43,718

Accrued expenses

7,458

8,300

249,194

322,935

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

100

Ordinary

£1

100

8.	RELATED PARTY DISCLOSURES

Included within debtors is an amount of £263,624 due from the parent company, Allthread Fasteners (Holdings) Limited (2023: £255,503).

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors as disclosed within the directors' report, by virtue of their shareholdings in the parent company.