Sheffield Bolt & Nut Co. Limited 31/03/2025 iXBRL

Company registration number: 01547040

Sheffield Bolt & Nut Co. Limited

Filleted financial statements

31 March 2025

Sheffield Bolt & Nut Co. Limited

Contents

Directors and other information

Directors responsibilities statement

Balance sheet

Notes to the financial statements

Sheffield Bolt & Nut Co. Limited

Directors and other information


Directors	A C Sylvester
	I Robinson	(appointed 9 September 2025)


Company number	01547040


Registered office	Vulcan Works
	Vulcan Street
	Bradford
	West Yorkshire
	BD4 9QU


Auditor	BHP LLP
	New Chartford House
	Centurion Way
	Cleckheaton, Bradford
	West Yorkshire
	BD19 3QB

Sheffield Bolt & Nut Co. Limited

Directors responsibilities statement

Year ended 31 March 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Sheffield Bolt & Nut Co. Limited

Balance sheet

31 March 2025

		2025		2024
					as restated
	Note	£	£	£		£

Fixed assets
Tangible assets	6	49,408		69,380
		_______		_______
			49,408			69,380

Current assets
Stocks		60,079		56,711
Debtors	7	364,306		372,360
		_______		_______
		424,385		429,071
Creditors: amounts falling due
within one year	8	( 299,065)		( 323,961)
		_______		_______
Net current assets			125,320			105,110
			_______			_______
Total assets less current liabilities			174,728			174,490

			_______			_______
Net assets			174,728			174,490
			_______			_______

Capital and reserves
Called up share capital			10			10
Profit and loss account			174,718			174,480
			_______			_______
Shareholder funds			174,728			174,490
			_______			_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

A C Sylvester

Director

Company registration number: 01547040

Sheffield Bolt & Nut Co. Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Vulcan Works, Vulcan Street, Bradford, West Yorkshire, BD4 9QU.

The principal activity of the company is that of distributor of fasteners and fixing solutions.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, the directors have considered the funds available and expected trade for a period of at least twelve months from the signing date of these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20%	straight line
Motor vehicles	-	20%	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Judgements and key sources of estimation uncertainty

In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estimation uncertainty The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows: Stock provision Certain items of stock are not expected to sell at prices which cover cost, due to the age and potential obsolescence of some historical items. In these cases, provisions are made for stock obsolescence where applicable.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	51,124	39,999	91,123
Disposals	( 4,690)	-	( 4,690)
	_______	_______	_______
At 31 March 2025	46,434	39,999	86,433
	_______	_______	_______
Depreciation
At 1 April 2024	10,237	11,506	21,743
Charge for the year	9,454	10,518	19,972
Disposals	( 4,690)	-	( 4,690)
	_______	_______	_______
At 31 March 2025	15,001	22,024	37,025
	_______	_______	_______
Carrying amount
At 31 March 2025	31,433	17,975	49,408
	_______	_______	_______
At 31 March 2024	40,887	28,493	69,380
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	364,306	372,360
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
		as restated
	£	£
Trade creditors	95,444	112,227
Parent undertaking	86,326	120,595
Corporation tax	95,041	76,546
Social security and other taxes	22,254	14,593
	_______	_______
	299,065	323,961
	_______	_______

9. Operating leases

The company as lessee

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


	£	£

Not later than 1 year	23,000	23,000
Later than 1 year and not later than 5 years	2,875	25,875
	_______	_______
	25,875	48,875
	_______	_______

10. Summary audit opinion

The auditor's report dated 12 December 2025 was unqualified.

The senior statutory auditor was Lesley Kendrew for and on behalf of BHP LLP

11. Prior period adjustment

During the current financial year the company identified errors in stock, corporation tax and inter company transactions which related to a prior period. These errors have been corrected by restating the comparative figures in accordance with Section 10 of FRS 102. The effect of the adjustments is as follows: - reported profits for 2024 have decreased from £312,215 to £272,355 - reported shareholder funds for 2014 have decreased from £214,350 to £174,490.