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Registered number: 04452250
Ashtons Tools And Fasteners Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04452250
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,101 73,896
48,101 73,896
CURRENT ASSETS
Stocks 5 125,000 151,653
Debtors 6 343,934 208,448
Cash at bank and in hand 125,575 147,342
594,509 507,443
Creditors: Amounts Falling Due Within One Year 7 (360,483 ) (341,902 )
NET CURRENT ASSETS (LIABILITIES) 234,026 165,541
TOTAL ASSETS LESS CURRENT LIABILITIES 282,127 239,437
Creditors: Amounts Falling Due After More Than One Year 8 (195,896 ) (130,170 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (30,000 ) (40,000 )
Deferred Taxation (201 ) -
NET ASSETS 56,030 69,267
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 55,930 69,167
SHAREHOLDERS' FUNDS 56,030 69,267
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For the year ending 31 March 2026 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
Katherine Gardner
Director
21/07/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ashtons Tools And Fasteners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04452250 . The registered office is Unit 12 Acheson Way, Trafford Park, Manchester, M17 1GA.
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 10 years over lease term
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
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2.6. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2025: 9)
8 9
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 27,987 16,491 94,597 11,444
As at 31 March 2026 27,987 16,491 94,597 11,444
Depreciation
As at 1 April 2025 27,987 15,728 23,649 10,950
Provided during the period - 763 23,649 494
As at 31 March 2026 27,987 16,491 47,298 11,444
Net Book Value
As at 31 March 2026 - - 47,299 -
As at 1 April 2025 - 763 70,948 494
Computer Equipment Total
£ £
Cost
As at 1 April 2025 20,244 170,763
As at 31 March 2026 20,244 170,763
...CONTINUED
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Depreciation
As at 1 April 2025 18,553 96,867
Provided during the period 889 25,795
As at 31 March 2026 19,442 122,662
Net Book Value
As at 31 March 2026 802 48,101
As at 1 April 2025 1,691 73,896
5. Stocks
2026 2025
£ £
Stock 125,000 151,653
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 169,375 180,506
Amounts owed by participating interests 120,548 -
Other debtors 54,011 27,942
343,934 208,448
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 16,448 -
Trade creditors 152,550 233,546
Bank loans and overdrafts 37,275 -
Amounts owed to participating interests - 57,759
Other creditors 120,043 10,720
Taxation and social security 34,167 39,877
360,483 341,902
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 56,218 89,114
Bank loans 139,678 41,056
195,896 130,170
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9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,448 -
Later than one year and not later than five years 56,218 89,114
72,666 89,114
72,666 89,114
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Ashtons Holdings North West Ltd . Ashtons Holdings North West Ltd was incorporated in England and Wales and its registered office address is Quiet Ways, Station Lane, Barton, Preston, Lancashire, United Kingdom PR3 5DX . The ultimate controlling party is the director of   Ashtons Holdings North West Ltd who controls more than 75% of the shares of Ashtons Tools And Fasteners Ltd .
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