Company registration number 03859239 (England and Wales)
CLEVEDON FASTENERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CLEVEDON FASTENERS LIMITED
CONTENTS
PAGE
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 11
CLEVEDON FASTENERS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
5
114,760
153,470
Investments
6
100,100
100,100
214,860
253,570
CURRENT ASSETS
Stocks
8
1,832,792
1,840,767
Debtors
9
1,146,619
1,246,873
Cash at bank and in hand
47,483
19,700
3,026,894
3,107,340
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10
(1,512,673)
(1,558,842)
NET CURRENT ASSETS
1,514,221
1,548,498
TOTAL ASSETS LESS CURRENT LIABILITIES
1,729,081
1,802,068
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
11
(16,424)
(110,289)
PROVISIONS FOR LIABILITIES
14
(14,000)
(20,000)
NET ASSETS
1,698,657
1,671,779
CAPITAL AND RESERVES
Called up share capital
17
740,000
740,000
Profit and loss reserves
958,657
931,779
TOTAL EQUITY
1,698,657
1,671,779

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 28 May 2026 and are signed on its behalf by:
Mr S J Hardeman
DIRECTOR
Company registration number 03859239 (England and Wales)
CLEVEDON FASTENERS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
BALANCE AT 1 JANUARY 2024
740,000
874,123
1,614,123
YEAR ENDED 31 DECEMBER 2024:
Profit and total comprehensive income
-
57,656
57,656
BALANCE AT 31 DECEMBER 2024
740,000
931,779
1,671,779
YEAR ENDED 31 DECEMBER 2025:
Profit and total comprehensive income
-
97,578
97,578
Dividends
-
(70,700)
(70,700)
BALANCE AT 31 DECEMBER 2025
740,000
958,657
1,698,657
CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
ACCOUNTING POLICIES
COMPANY INFORMATION

Clevedon Fasteners Limited is a limited company domiciled and incorporated in England and Wales. The registered office and trading address is 11 Reddicap Trading Estate, Sutton Coldfield, West Midlands, B75 7DG.

1.1
ACCOUNTING CONVENTION

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
TURNOVER

Turnover represents sales at invoice value less trade discounts allowed and excluding value added tax.

AMOUNTS RECOVERABLE ON CONTRACT

Revenue is recognised on contracts in accordance with FRS102 where the company has obtained a right to consideration. Turnover recognised in this matter is based on an assessment of the fair value of the goods & services provided at the balance sheet date as a proportion of the total value of the contract. Provision is made against unbilled amounts on those contracts where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

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

1.3
TANGIBLE FIXED ASSETS

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
over the life of the lease
Plant and equipment
10% to 33% on cost
Computer equipment
33% on cost
1.4
FIXED ASSET INVESTMENTS

Fixed asset investments are stated at cost less provision for permanent diminution in value.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
IMPAIRMENT OF FIXED ASSETS

Where a reasonable and consistent basis of allocation can be identified, assets are allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -
1.6
STOCKS

Stocks are valued at the lower of cost and net realisable value and due allowance is made for obsolete and excess stocks. Cost includes relevant works overheads.

1.7
CASH AND CASH EQUIVALENTS

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -
1.9
EQUITY INSTRUMENTS

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Provision is made for deferred taxation using the liability method for all timing differences. Deferred taxation is calculated at the rates of tax estimated to be applicable when the timing differences reverse.

1.11
EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
RETIREMENT BENEFITS

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
LEASES

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
FOREIGN EXCHANGE

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the director is 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.

3
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was 27 (2024 - 28).

2025
2024
Number
Number
Total
27
28
4
TAXATION
2025
2024
£
£
CURRENT TAX
UK corporation tax on profits for the current period
37,809
27,765
Adjustments in respect of prior periods
-
0
(792)
Total current tax
37,809
26,973
DEFERRED TAX
Origination and reversal of timing differences
(6,000)
(7,000)
Total tax charge
31,809
19,973
CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
TANGIBLE FIXED ASSETS
Leasehold improvements
Plant and equipment
Computer equipment
Total
£
£
£
£
COST
At 1 January 2025 and 31 December 2025
210,161
1,950,362
4,147
2,164,670
DEPRECIATION AND IMPAIRMENT
At 1 January 2025
154,117
1,855,942
1,141
2,011,200
Depreciation charged in the year
11,209
26,132
1,369
38,710
At 31 December 2025
165,326
1,882,074
2,510
2,049,910
CARRYING AMOUNT
At 31 December 2025
44,835
68,288
1,637
114,760
At 31 December 2024
56,044
94,420
3,006
153,470
6
FIXED ASSET INVESTMENTS
2025
2024
£
£
Investments
100,100
100,100

The company has not designated any financial assets that are not classified as financial assets at fair value through profit or loss.

MOVEMENTS IN FIXED ASSET INVESTMENTS
Shares
£
COST OR VALUATION
At 1 January 2024
698,643
At 31 December 2025
698,643
IMPAIRMENT
At 1 January 2024
598,543
At 31 December 2025
598,543
CARRYING AMOUNT
At 31 December 2025
100,100
At 31 December 2024
100,100
CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
7
SUBSIDIARIES

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Blakeacre Limited
England
Dormant
Ordinary
100.00
0
Clevtec Limited
England
Dormant
Ordinary
100.00
0
Rangetrend Limited
England
Dormant
Ordinary
0
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
Blakeacre Limited
-
0
100,000
Clevtec Limited
-
0
100
Rangetrend Limited
-
0
94,906
8
STOCKS
2025
2024
£
£
Stocks
1,832,792
1,840,767

9
DEBTORS
2025
2024
AMOUNTS FALLING DUE WITHIN ONE YEAR:
£
£
Trade debtors
828,410
920,085
Other debtors
245,849
253,355
Prepayments and accrued income
72,360
73,433
1,146,619
1,246,873

CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
10
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Bank loans
12
93,772
87,260
Trade creditors
522,581
571,508
Amounts owed to group undertakings
100,100
100,100
Corporation tax
37,809
27,765
Other taxation and social security
45,084
56,671
Other creditors
702,142
682,064
Accruals and deferred income
11,185
33,474
1,512,673
1,558,842

Included above is a balance of £555,883 (2024: £648,699) in respect of factored trade debts which are specifically secured against the trade debtors of the company.

Hire purchase liabilities are secured against the assets to which they relate.

11
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
Notes
£
£
Bank loans and overdrafts
12
16,424
110,289
12
LOANS AND OVERDRAFTS
2025
2024
£
£
Bank loans
110,196
197,549
Payable within one year
93,772
87,260
Payable after one year
16,424
110,289

The bank loan and other loans are secured by fixed and floating charges covering all the property and undertakings of the company.

13
SECURED DEBTS

Lloyds Bank Plc held a legal charge dated 20 March 2025.

Lloyds Bank Plc held a floating charge dated 19 August 2024 covering the property or undertaking of the company.

Lloyds Bank Plc held a floating charge dated 12 August 2024 covering the property or undertaking of the company.

CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
14
PROVISIONS FOR LIABILITIES
2025
2024
£
£
Deferred tax liabilities
14,000
20,000
14,000
20,000
15
RETIREMENT BENEFIT SCHEMES
2025
2024
DEFINED CONTRIBUTION SCHEMES
£
£
Charge to profit or loss in respect of defined contribution schemes
119,355
109,227

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

16
OPERATING LEASE COMMITMENTS
LESSEE

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
257,591
406,350
17
CALLED UP SHARE CAPITAL
2025
2024
£
£
ORDINARY SHARE CAPITAL
ISSUED AND FULLY PAID
740,000 Ordinary of £1 each
740,000
740,000
18
AUDIT REPORT INFORMATION

As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

The senior statutory auditor was Neal Aston FCA FCCA
The auditor was JW Hinks LLP
CLEVEDON FASTENERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
19
CONTROLLING PARTY

The company was controlled by Mr S J Hardeman and Mr C J Hopkins jointly up until 21 March 2025.

From 21 March 2025, the company is now controlled by Clevedon Holdings Limited

20
RELATED PARTY TRANSACTIONS

The company has taken advantage of exemption of Section 33 of FRS 102 Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

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