Sterling, Bolt and Nut Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02481273 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Sterling, Bolt and Nut Company Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

8

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 Statement of financial position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sterling, Bolt and Nut Company Limited for the year ended 31 July 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sterling, Bolt and Nut Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sterling, Bolt and Nut Company Limited and state those matters that we have agreed to state to the Board of Directors of Sterling, Bolt and Nut Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sterling, Bolt and Nut Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sterling, Bolt and Nut Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sterling, Bolt and Nut Company Limited. You consider that Sterling, Bolt and Nut Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sterling, Bolt and Nut Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

22 July 2026

Fixed assets

Intangible assets

5

-

Tangible assets

6

28,948

40,477

28,948

40,477

Current assets

Stocks

7

242,760

235,880

Debtors

8

142,907

124,190

Cash at bank and in hand

101,550

129,725

487,217

489,795

Creditors

Amounts falling due within one year

9

120,671

147,105

Net current assets

366,546

342,690

Total assets less current liabilities

395,494

383,167

Creditors

Amounts falling due after more than one
year

10

-

(9,499

)

Provisions for liabilities

(1,719

)

(2,718

)

Net assets

393,775

370,950

Capital and reserves

Called up share capital

13

502

Capital redemption reserve

498

Retained earnings

392,775

369,950

Shareholders' funds

393,775

370,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 22 July 2026 and were signed on its behalf by:

P Beverley - Director

Mrs D Beverley - Director

1.	Statutory information

Sterling, Bolt and Nut Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02481273

Registered office:

25 Royce Road

Carr Road Industrial Estate

Peterborough

Cambs

PE1 5YB

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% reducing balance

Computer & office equipmt

-

33% on reducing balance, 25% reducing balance and Straight line over 4 years

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4.	Employees and directors

The average number of employees during the year was 9 (2024 - 7 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 August 2024

and 31 July 2025

2,500

Amortisation

At 1 August 2024

and 31 July 2025

2,500

Net book value

At 31 July 2025

-

At 31 July 2024

-

6.	Tangible fixed assets

Fixtures

Computer

Plant and

and

Motor

& office

machinery

fittings

vehicles

equipmt

Totals

£

Cost

At 1 August 2024

1,325

38,700

32,415

40,841

113,281

Additions

-

7,504

Disposals

-

(19,290

)

-

(19,290

)

At 31 July 2025

1,325

38,700

13,125

48,345

101,495

Depreciation

At 1 August 2024

1,196

28,906

12,535

30,167

72,804

Charge for year

32

1,958

2,461

4,546

8,997

Eliminated on disposal

-

(9,254

)

-

(9,254

)

At 31 July 2025

1,228

30,864

5,742

34,713

72,547

Net book value

At 31 July 2025

97

7,836

7,383

13,632

28,948

At 31 July 2024

129

9,794

19,880

10,674

40,477

7.

Stocks

2025

2024

£

Stocks

242,760

235,880

8.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

133,503

114,276

Staff loans

(379

)

(379

)

Prepayments

9,783

10,293

142,907

124,190

9.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts (see note 11)

9,611

10,362

Trade creditors

58,748

83,594

Corporation tax

7,224

6,101

Social security and other taxes

9,994

8,932

VAT

25,820

21,553

Pension creditor

1,487

4,277

Credit card

836

1,265

Directors' loan accounts

2,743

6,468

Accrued expenses

4,208

4,553

120,671

147,105

10.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans (see note 11)

-

9,499

11.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

9,611

10,362

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

9,499

12.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

Bounce Back Loan

9,611

19,861

Loan is guaranteed by the Government and interest at 2.5% is charged.

13.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

502

Ordinary shares

£1

502

14.	Capital commitments

2025

2024

£

Contracted but not provided for in the

financial statements

162,667

194,667

The commitments are in respect of premises rental obligations.