REGISTERED NUMBER: 01627240 (England and Wales)

ABBOTT FASTENERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S.E. Brand

C.T. Clark

SECRETARY:

S.E. Brand

REGISTERED OFFICE:

Unit 4b The Gloucesters

Luckyn Lane

Pipps Hill Industrial Estate

Basildon

Essex

SS14 3AX

REGISTERED NUMBER:

01627240 (England and Wales)

ACCOUNTANTS:

CR Bland Baker Limited

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,866

13,922

Investments

6

2

2

8,868

13,924

CURRENT ASSETS

Stocks

201,746

226,872

Debtors

7

353,806

471,371

Cash at bank

126,715

158,684

682,267

856,927

CREDITORS

Amounts falling due within one year

8

140,263

216,132

NET CURRENT ASSETS

542,004

640,795

TOTAL ASSETS LESS CURRENT LIABILITIES

550,872

654,719

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

530,872

634,719

SHAREHOLDERS' FUNDS

550,872

654,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

S.E. Brand - Director

1.	STATUTORY INFORMATION

Abbott 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

Nil, has been fully depreciated

Long leasehold

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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 and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevent period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the year they become payable in accordance with the rules of the scheme.

Foreign currencies

Assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,000

AMORTISATION

At 1 June 2024

and 31 May 2025

10,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

11,924

270,193

282,117

Disposals

-

(8,500

)

(8,500

)

At 31 May 2025

11,924

261,693

273,617

DEPRECIATION

At 1 June 2024

11,924

256,271

268,195

Charge for year

-

5,056

5,056

Eliminated on disposal

-

(8,500

)

(8,500

)

At 31 May 2025

11,924

252,827

264,751

NET BOOK VALUE

At 31 May 2025

-

8,866

8,866

At 31 May 2024

-

13,922

13,922

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2024

and 31 May 2025

2

NET BOOK VALUE

At 31 May 2025

2

At 31 May 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

260,950

285,869

Other debtors

92,856

185,502

353,806

471,371

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

72,925

126,752

Taxation and social security

32,664

61,521

Other creditors

34,674

27,859

140,263

216,132

9.	CONTINGENT LIABILITIES

A counter guarantee of £10,000, arising from an indemnity of £10,000, given by the bank to Customs and Excise on behalf of the company.