Tension Control Bolts Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01812190

Tension Control Bolts Limited

Filleted Unaudited Financial Statements

30 September 2025

Tension Control Bolts Limited

Financial Statements

Year ended 30 September 2025

Contents	Pages

Officers and professional advisers	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 10

Tension Control Bolts Limited

Officers and Professional Advisers

The board of directors	Mr T Stokes
	Mr S H Jones
	Mrs J Teale

Company secretary	Mrs J Teale

Registered office	TCB House
	Clywedog Road South
	Wrexham Industrial Estate
	Wrexham
	Clwyd
	Wales
	LL13 9XS

Accountants	Dean Statham
	Chartered accountants
	29 King Street
	Newcastle-under-Lyme
	Staffordshire
	ST5 1ER

Bankers	Barclays Bank Plc
	44/46 Castle Street
	Shrewsbury
	Shropshire
	SY1 2BU

Solicitors	Lanyon Bowdler
	Unit 3A
	Hazledine House
	Central Square
	Telford
	TF3 4JL

Tension Control Bolts Limited

Balance Sheet

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	3,082,513	2,945,464
Investments	6	529,070	529,070
		------------	------------
		3,611,583	3,474,534

Current assets

Stocks		3,013,593	4,258,634
Debtors	7	1,701,112	1,976,960
Cash at bank and in hand		4,798,695	3,954,263
		------------	-------------
		9,513,400	10,189,857

Creditors: amounts falling due within one year	8	715,727	2,013,635
		------------	-------------
Net current assets		8,797,673	8,176,222
		-------------	-------------
Total assets less current liabilities		12,409,256	11,650,756

Creditors: amounts falling due after more than one year	9	84,083	32,587

Provisions

Taxation including deferred tax	380,000	353,336
	-------------	-------------
Net assets	11,945,173	11,264,833
	-------------	-------------

Capital and reserves

Called up share capital	50	50
Capital redemption reserve	50	50
Profit and loss account	11,945,073	11,264,733
	-------------	-------------
Shareholders funds	11,945,173	11,264,833
	-------------	-------------

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 has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tension Control Bolts Limited

Balance Sheet (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 15 January 2026 , and are signed on behalf of the board by:

Mr T Stokes

Director

Company registration number: 01812190

Tension Control Bolts Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

Tension Control Bolts Limited ('the company') distributes specialised tension control bolts and associated tools to the UK and the rest of the world. The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TCB House, Clywedog Road South, Wrexham Industrial Estate, Wrexham, Clwyd, Wales, LL13 9XS. The company registration number is 01812190 .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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. Monetary amounts in these financial statements are rounded to the nearest £.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, the investments are measured at cost less impairment as deemed appropriate by the directors. The consideration of impairment requires a level of judgement due to the uncertainty of these values. As also described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards of ownership pass to the buyer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. 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 material 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and 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:

Land and buildings	-	2% straight line - land not depreciated
Plant & machinery	-	10% and wrenches - 25% straight line
Fixtures & fittings	-	15% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	20% straight line

Depreciation is charged on additions from the month following acquisition and for disposals to the month of disposal.

Investment in subsidiaries

Investments in subsidiaries are accounted for in accordance with the cost less impairment model.

Investments in joint ventures

Investments in jointly controlled entities are accounted for in accordance with the cost model.

Impairment of fixed assets

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 stock to its present location and condition. Net realisable value is the estimated proceeds from the sale of stock items, less all future costs to completion, costs to be incurred in marketing, selling and distributing. For batch tracked items cost is calculated on a batch specific basis using the actual purchase price of the most recent delivery booked into stock. For non batch tracked items, cost is calculated on an average cost basis. At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Forward currency contracts

The company uses forward currency contracts to hedge the cost of purchases in US dollars and Japanese Yen. No such instruments are entered into speculatively or for trading purposes. Amounts payable or receivable under these contracts are recognised in the profit and loss account at the same time as the hedged item.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 37 (2024: 42 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Oct 2024	1,506,456	3,963,837	57,934	177,736	136,337	5,842,300
Additions	–	420,529	–	133,394	957	554,880
Disposals	–	( 53,045)	–	( 63,400)	( 1,876)	( 118,321)
	------------	------------	--------	---------	---------	------------
At 30 Sep 2025	1,506,456	4,331,321	57,934	247,730	135,418	6,278,859
	------------	------------	--------	---------	---------	------------
Depreciation
At 1 Oct 2024	289,982	2,407,396	47,790	58,253	93,415	2,896,836
Charge for the year	30,129	295,232	3,435	37,346	13,376	379,518
Disposals	–	( 50,665)	–	( 27,467)	( 1,876)	( 80,008)
	------------	------------	--------	---------	---------	------------
At 30 Sep 2025	320,111	2,651,963	51,225	68,132	104,915	3,196,346
	------------	------------	--------	---------	---------	------------
Carrying amount
At 30 Sep 2025	1,186,345	1,679,358	6,709	179,598	30,503	3,082,513
	------------	------------	--------	---------	---------	------------
At 30 Sep 2024	1,216,474	1,556,441	10,144	119,483	42,922	2,945,464
	------------	------------	--------	---------	---------	------------

6. Investments

	Shares in participating interests
	£
Cost
At 1 October 2024 and 30 September 2025	529,070
	---------
Impairment
At 1 October 2024 and 30 September 2025	–
	---------

Carrying amount
At 30 September 2025	529,070
	---------
At 30 September 2024	529,070
	---------

Joint venture investment

Included in investments is a joint venture, Shanghai Premier Tension Control Bolts Co Ltd, valued at £529,070. The company is registered in China. The joint venture was set up in order to carry out specialist bolting business and sell products to customers in the worldwide markets. The other entities involved are Shanghai Yanyan Trading Co Ltd and Shanghai High Strength Bolts Factory Co Ltd, both of which are registered in China. Shares are in issue from the joint venture at the year end, and this venture is trading.

7. Debtors

	2025	2024
	£	£
Trade debtors	1,307,840	1,249,266
Amounts owed by group undertakings and undertakings in which the company has a participating interest	189,665	250,456
Other debtors	203,607	477,238
	------------	------------
	1,701,112	1,976,960
	------------	------------

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	177,630	468,475
Corporation tax	145,810	204,879
Social security and other taxes	225,349	206,294
Other creditors	166,938	1,133,987
	---------	------------
	715,727	2,013,635
	---------	------------

Hire purchase creditors of £75,792 (2024: £68,172) are secured against the assets being financed.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	84,083	32,587
	--------	--------

Hire purchase creditors of £84,083 (2024: £32,587) are secured against the assets being financed.

10. Financial instruments

The company enters into forward foreign currency contracts to mitigate the exchange rate risk for certain foreign currency receivables. At 30 September 2025, the outstanding contracts all mature within a few months of the year end. The company is committed to buy JPY 750,000 and USD 280,000 and pay a fixed sterling amount.

11. Capital commitments

Capital expenditure contracted for but not provided for in the financial statements is as follows:

	2025	2024
	£	£
Tangible assets	180,000	325,730
	---------	---------

12. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	400,000	400,000
Later than 1 year and not later than 5 years	1,133,334	1,533,333
	------------	------------
	1,533,334	1,933,333
	------------	------------

13. Directors' advances, credits and guarantees

During the year the directors maintained current accounts with the company. The total balance on these accounts at the start of the year was £19,963 debit (2024: £9,619 debit), and the total balance at the end of the year was £16,766 debit (2024: £19,963 debit). There were no material advances during the year, total advances were £13,803 (2024: £16,308). There were no material repayments in the current or previous year, total repayments were £17,000 (2024: £5,964). The advances were on an interest free basis.

14. Controlling party

The ultimate parent company is Connect One Ltd a company registered in England and Wales. The registered office address is TCB House, Clywedog Road South, Wrexham, Wales, LL13 9XS. The ultimate controlling party is Mr T Stokes .