Newstar Fastenings Ltd - Filleted accounts

Registered number

04429061

Newstar Fastenings Ltd

Filleted Accounts

31 May 2026

Newstar Fastenings Ltd
Registered number:		04429061
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,762			2,349

Current assets
Stocks		162,632			147,100
Debtors	4	82,141			100,719
Cash at bank and in hand		47,775			27,305
		292,548			275,124

Creditors: amounts falling due within one year	5	(119,579)			(84,668)

Net current assets			172,969			190,456

Total assets less current liabilities			174,731			192,805


Provisions for liabilities			(284)			(446)


Net assets			174,447			192,359

Capital and reserves
Called up share capital			90,100			90,100
Profit and loss account			84,347			102,259

Shareholders' funds			174,447			192,359

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Bury
Director
Approved by the board on 19 August 2026

Newstar Fastenings Ltd
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		4		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 June 2025				24,634
	At 31 May 2026				24,634

	Depreciation
	At 1 June 2025				22,285
	Charge for the year				587
	At 31 May 2026				22,872

	Net book value
	At 31 May 2026				1,762
	At 31 May 2025				2,349


4	Debtors		2026		2025
£				£

	Trade debtors		75,748		90,345
	Other debtors		6,393		10,374
			82,141		100,719


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		70,432		54,497
	Corporation tax		26,803		9,825
	Other taxes and social security costs		(3,521)		1,480
	Other creditors		25,865		18,866
			119,579		84,668


6	Other information

	Newstar Fastenings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Barn
	Foxley Lane
	Binfield
	Berkshire
	RG42 4EG