Spalding Fasteners Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11423681

SPALDING FASTENERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 June 2025

SPALDING FASTENERS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

SPALDING FASTENERS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	M Trimmer

Registered office	Drake's Holdings
	Ferry Road
	Fiskerton
	Lincoln
	Lincolnshire
	England
	LN3 4HU

Accountants	Streets LLP
	Chartered accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

SPALDING FASTENERS LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	38,962	43,668

Current assets

Stocks		20,000	5,835
Debtors	6	25,886	12,706
Cash at bank and in hand		201,562	221,934
		----------	----------
		247,448	240,475

Creditors: amounts falling due within one year	7	63,918	71,583
		----------	----------
Net current assets		183,530	168,892
		----------	----------
Total assets less current liabilities		222,492	212,560

Provisions	7,868	8,297
	----------	----------
Net assets	214,624	204,263
	----------	----------

SPALDING FASTENERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	214,524	204,163
	----------	----------
Shareholders funds	214,624	204,263
	----------	----------

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 June 2026 , and are signed on behalf of the board by:

M Trimmer
Director

Company registration number: 11423681

SPALDING FASTENERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 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 Drake's Holdings, Ferry Road, Fiskerton, Lincoln, Lincolnshire, LN3 4HU, England.

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.

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 and fittings	-	15% reducing balance
Motor vehicles	-	20% reducing balance

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.

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 statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

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: 10 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 July 2024	24,626	29,999	54,625
Additions	3,865	–	3,865
	---------	---------	---------
At 30 June 2025	28,491	29,999	58,490
	---------	---------	---------
Depreciation
At 1 July 2024	10,457	500	10,957
Charge for the year	2,671	5,900	8,571
	---------	---------	---------
At 30 June 2025	13,128	6,400	19,528
	---------	---------	---------
Carrying amount
At 30 June 2025	15,363	23,599	38,962
	---------	---------	---------
At 30 June 2024	14,169	29,499	43,668
	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	24,979	11,017
Other debtors	907	1,689
	---------	---------
	25,886	12,706
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	15,291	40,571
Corporation tax	2,382	–
Social security and other taxes	38,503	23,017
Other creditors	7,742	7,995
	---------	---------
	63,918	71,583
	---------	---------

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 (Section 1A).

9. Controlling party

The company was under the control of the director throughout the current and previous year.