REGISTERED NUMBER: 07124462 (England and Wales)

ELITE FASTENERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

K L Davis Benidor

R Haddock

L J Dash

SECRETARY:

REGISTERED OFFICE:

Unit 2, Kingsway South

Westgate

Aldridge

West Midlands

WS9 8FS

REGISTERED NUMBER:

07124462 (England and Wales)

ACCOUNTANTS:

Four Oaks Taxation & Accounting Services Limited

Suite D, Astor House

282 Lichfield Road

Four Oaks

Sutton Coldfield

West Midlands

B74 2UG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Four Oaks Taxation & Accounting Services Limited

Suite D, Astor House

282 Lichfield Road

Four Oaks

Sutton Coldfield

West Midlands

B74 2UG

1 July 2026

FIXED ASSETS

Tangible assets

4

71,783

84,899

CURRENT ASSETS

Stocks

488,403

474,160

Debtors

5

2,328,855

2,105,169

Cash at bank and in hand

1,460,978

1,860,941

4,278,236

4,440,270

CREDITORS

Amounts falling due within one year

6

821,925

796,814

NET CURRENT ASSETS

3,456,311

3,643,456

TOTAL ASSETS LESS CURRENT LIABILITIES

3,528,094

3,728,355

PROVISIONS FOR LIABILITIES

17,360

20,602

NET ASSETS

3,510,734

3,707,753

CAPITAL AND RESERVES

Called up share capital

45

45

Capital redemption reserve

55

55

Retained earnings

3,510,634

3,707,653

SHAREHOLDERS' FUNDS

3,510,734

3,707,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

K L Davis Benidor - Director

1.	STATUTORY INFORMATION

Elite Fasteners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis which assumes the continuing support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

11,632

112,228

42,200

69,005

235,065

Additions

-

-

21,662

2,778

24,440

Disposals

-

-

(17,200

)

-

(17,200

)

At 31 March 2026

11,632

112,228

46,662

71,783

242,305

DEPRECIATION

At 1 April 2025

8,723

74,506

17,075

49,862

150,166

Charge for year

727

9,438

4,725

13,893

28,783

Eliminated on disposal

-

-

(8,427

)

-

(8,427

)

At 31 March 2026

9,450

83,944

13,373

63,755

170,522

NET BOOK VALUE

At 31 March 2026

2,182

28,284

33,289

8,028

71,783

At 31 March 2025

2,909

37,722

25,125

19,143

84,899

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

1,537,058

1,288,923

Other debtors

81,828

89,550

1,618,886

1,378,473

Amounts falling due after more than one year:

Other debtors

709,969

726,696

Aggregate amounts

2,328,855

2,105,169

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,127

6,594

Trade creditors

813,266

463,829

Taxation and social security

(42,688

)

273,719

Other creditors

49,220

52,672

821,925

796,814