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COMPANY REGISTRATION NUMBER: 03796822

A.C. Fixings Limited

Filleted Unaudited Financial Statements

30 June 2025

A.C. Fixings Limited

Financial Statements

Year ended 30th June 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

A.C. Fixings Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 12,851 |  | 19,675

Current assets

Stocks | 132,748 |  | 130,786 |
Debtors | 6 | 178,189 |  | 323,438 |
Cash at bank and in hand | 169,773 |  | 225,488 |
| --------- |  | --------- |
| 480,710 |  | 679,712 |

Creditors: amounts falling due within one year | 7 | 170,263 |  | 312,289 |
| --------- |  | --------- |
Net current assets |  | 310,447 |  | 367,423
|  | --------- |  | ---------
Total assets less current liabilities |  | 323,298 |  | 387,098

Creditors: amounts falling due after more than one year | 8 |  | – |  | 9,608
|  | --------- |  | ---------
Net assets |  | 323,298 |  | 377,490
|  | --------- |  | ---------

Capital and reserves

Called up share capital | 9 |  | 302 |  | 302
Share premium account |  | 4,900 |  | 4,900
Profit and loss account |  | 318,096 |  | 372,288
|  | --------- |  | ---------
Shareholders funds |  | 323,298 |  | 377,490
|  | --------- |  | ---------

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 statement of income and retained earnings has not been delivered.
For the year ending 30th June 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 .

A.C. Fixings Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr.L.C.V. Heaven | Mr.J.W.E. Pringle
Director | Director

Mr C.C. Kelly |
Director |

Company registration number: 03796822

A.C. Fixings Limited

Notes to the Financial Statements

Year ended 30th June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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.
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. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

| Fixtures, fittings and equipment | - | 20% straight line
| Motor vehicles | - | 25% straight line

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.
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.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2024: 11 ).
5. Tangible assets

| Fixtures and fittings | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1st July 2024 and 30th June 2025 | 37,469 | 48,670 | 86,139
| -------- | -------- | --------
Depreciation |  |  |
At 1st July 2024 | 33,329 | 33,135 | 66,464
Charge for the year | 2,044 | 4,780 | 6,824
| -------- | -------- | --------
At 30th June 2025 | 35,373 | 37,915 | 73,288
| -------- | -------- | --------
Carrying amount |  |  |
At 30th June 2025 | 2,096 | 10,755 | 12,851
| -------- | -------- | --------
At 30th June 2024 | 4,140 | 15,535 | 19,675
| -------- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 157,964 | 302,015
Prepayments and accrued income | 19,885 | 21,423
Other debtors | 340 | –
| --------- | ---------
| 178,189 | 323,438
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 9,619 | 40,288
Trade creditors | 134,761 | 191,232
Accruals and deferred income | 3,900 | 3,800
Corporation tax | 2,823 | 28,744
Director loan accounts | 3,628 | 3,948
Other taxes and social security | 15,532 | 44,277
| --------- | ---------
| 170,263 | 312,289
| --------- | ---------

The bank loans and overdraft are secured by a mortgage debenture dated 9th September 2004.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 9,608
| ---- | -------

9. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £ 1 each | 10,000 | 10,000 | 10,000 | 10,000
Ordinary B shares of £ 1 each | 10,000 | 10,000 | 10,000 | 10,000
| -------- | -------- | -------- | --------
| 20,000 | 20,000 | 20,000 | 20,000
| -------- | -------- | -------- | --------

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £ 1 each | 2 | 2 | 2 | 2
Ordinary B shares of £ 1 each | 300 | 300 | 300 | 300
| ---- | ---- | ---- | ----
| 302 | 302 | 302 | 302
| ---- | ---- | ---- | ----

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

| 2025 | 2024
| £ | £
Not later than 1 year | 69,408 | 69,408
Later than 1 year and not later than 5 years | 233,976 | 249,385
Later than 5 years | 46,750 | 100,750
| --------- | ---------
| 350,134 | 419,543
| --------- | ---------

11. Related party transactions
Some of the bank loans and overdraft are secured by personal guarantees of £25,000 given by the directors. At the year end, the company owed the directors £3,628 (2024: £3,948) which is shown amongst creditors.