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Registered number: 02417598
W.T.I. Fasteners Ltd
Financial Statements
For The Year Ended 31 October 2025
W.T.I. Fasteners Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
W.T.I. Fasteners Ltd
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 02417598

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,793,772 |  | 1,554,242
|  |  | 1,793,772 |  | 1,554,242
CURRENT ASSETS
Stocks | 5 | 806,388 |  | 1,020,651 |
Debtors | 6 | 322,066 |  | 326,402 |
Cash at bank and in hand |  | 2,098,664 |  | 3,156,629 |
|  | 3,227,118 |  | 4,503,682 |
Creditors: Amounts Falling Due Within One Year | 7 | (263,004 ) |  | (585,872 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,964,114 |  | 3,917,810
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,757,886 |  | 5,472,052
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (29,976 ) |  | -
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (119,967 ) |  | (67,965 )
NET ASSETS |  |  | 4,607,943 |  | 5,404,087
CAPITAL AND RESERVES
Called up share capital | 9 |  | 7,200 |  | 10,800
Profit and Loss Account |  |  | 4,600,743 |  | 5,393,287
SHAREHOLDERS' FUNDS |  |  | 4,607,943 |  | 5,404,087

Page 1
Page 2
W.T.I. Fasteners Ltd
Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs J C Mason Director
30 June 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
W.T.I. Fasteners Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
W.T.I. Fasteners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02417598 . The registered office is Meridian House, Leicester Road, New Packington, Ashby de la Zouch, Leicestershire, LE65 1TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | straight line over period of the lease
Plant & Machinery | 10% straight line
Motor Vehicles | 15% straight line
Computer Equipment | 10% - 33% straight line

2.4. Investment Properties
Investment property is initially recorded at cost , which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
2.5. Leasing and Hire Purchase Contracts
Lease payments are recognised as an expense over the lease term on a straight-line basis.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
W.T.I. Fasteners Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 12)
13 12
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Leasehold | Plant & Machinery | Motor Vehicles
| £ | £ | £ | £
Cost
As at 1 November 2024 | 1,217,446 | 236,446 | 1,161,939 | 54,352
Additions | - | - | 303,786 | 43,590
As at 31 October 2025 | 1,217,446 | 236,446 | 1,465,725 | 97,942
Depreciation
As at 1 November 2024 | - | 151,053 | 953,487 | 16,306
Provided during the period | - | 13,042 | 78,036 | 14,691
As at 31 October 2025 | - | 164,095 | 1,031,523 | 30,997
Net Book Value
As at 31 October 2025 | 1,217,446 | 72,351 | 434,202 | 66,945
As at 1 November 2024 | 1,217,446 | 85,393 | 208,452 | 38,046

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 November 2024 | 59,915 | 2,730,098
Additions | - | 347,376
As at 31 October 2025 | 59,915 | 3,077,474
Depreciation
As at 1 November 2024 | 55,010 | 1,175,856
Provided during the period | 2,077 | 107,846
As at 31 October 2025 | 57,087 | 1,283,702

...CONTINUED
Page 4
Page 5
W.T.I. Fasteners Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025 | 2,828 | 1,793,772
As at 1 November 2024 | 4,905 | 1,554,242

During the year ended 31 October 2021, a freehold property was purchased with the intention of being used for the purposes of the trade in future. However, it is not currently required for this purpose and has been let. As such, it is disclosed in these financial statements as an investment property. The original cost was £1,214,157, with additions of £3,289 in the year ended 31 October 2023. The property was valued at £1,250,000 on 6 May 2025. The Directors are of the opinion that the value at 31 October 2025 was not materially different from the original cost plus additions to that date. Consequently, no adjustment for value has been recognised in profit and loss.
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 365,386 |  | 613,482
Materials | 441,002 |  | 407,169
| 806,388 |  | 1,020,651

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 312,563 |  | 321,543
Other debtors | 9,503 |  | 4,859
| 322,066 |  | 326,402

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,387 |  | -
Trade creditors | 89,425 |  | 211,114
Other creditors | 20,755 |  | 20,903
Taxation and social security | 144,437 |  | 353,855
| 263,004 |  | 585,872

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 29,976 |  | -

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 7,200 |  | 10,800

Page 5
Page 6
W.T.I. Fasteners Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 91,203 |  | 86,509
Later than one year and not later than five years | 314,234 |  | 327,214
Later than five years | - |  | 60,750
| 405,437 |  | 474,473

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