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Company Registration No. 04903120 (England and Wales)
North East Fasteners Limited Unaudited accounts for the year ended 31 July 2025
North East Fasteners Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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North East Fasteners Limited Company Information for the year ended 31 July 2025
Directors
Andrew Keith Bennett Michael Vincent Blakey Matthew James Kenny
Company Number
04903120 (England and Wales)
Registered Office
UNIT 16H FOLLINGSBY AVENUE FOLLINGSBY INDUSTRIAL ESTATE GATESHEAD TYNE AND WEAR NE10 8YF ENGLAND
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North East Fasteners Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,969
1,633
Current assets
Inventories
53,294
46,160
Debtors
5
51,724
57,869
Cash at bank and in hand
91,071
138,388
196,089
242,417
Creditors: amounts falling due within one year
6
(166,511)
(197,909)
Net current assets
29,578
44,508
Net assets
35,547
46,141
Capital and reserves
Called up share capital
400
400
Profit and loss account
35,147
45,741
Shareholders' funds
35,547
46,141
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by
Michael Vincent Blakey Director Company Registration No. 04903120
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North East Fasteners Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
North East Fasteners Limited is a private company, limited by shares, registered in England and Wales, registration number 04903120. The registered office is UNIT 16H FOLLINGSBY AVENUE, FOLLINGSBY INDUSTRIAL ESTATE, GATESHEAD, TYNE AND WEAR, NE10 8YF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
Fixtures & fittings
5 years straight line
Inventories
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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North East Fasteners Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 August 2024
16,489
Additions
4,776
Disposals
(14,428)
At 31 July 2025
6,837
Depreciation
At 1 August 2024
14,856
Charge for the year
440
On disposals
(14,428)
At 31 July 2025
868
Net book value
At 31 July 2025
5,969
At 31 July 2024
1,633
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
51,244
56,529
Accrued income and prepayments
480
1,340
51,724
57,869
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,309
1,175
Trade creditors
33,546
33,424
Amounts owed to group undertakings and other participating interests
125,761
168,663
Taxes and social security
(4,989)
(9,103)
Other creditors
-
3,750
Accruals
8,884
-
166,511
197,909
7
Controlling party
The Industrial Mandate Limited, Unit 16H Follingsby Avenue, Follingsby Industrial Estate, Gateshead, Tyne & Wear, NE10 8YF
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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