FIRST FIX INDUSTRIAL SUPPLIES LTD Accounts






FIRST FIX INDUSTRIAL SUPPLIES LTD

	Company No. 03506529
		Information for Filing with The Registrar
		28 February 2025

The Directors present their report and the accounts for the year ended 28 February 2025.

Principal activities
The principal activity of the company during the year under review was supplier of building supplies.




Directors

The Directors who served at any time during the year were as follows:

T. Lacy
A.A. Zagajewski








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

A.A. Zagajewski
Director
20 November 2025

at	28 February 2025
Company No.		03506529	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	1,970	2,433


				1,970	2,433
Current assets
	Stocks		5	71,200	59,398
	Debtors		6	101,186	132,238

	Cash at bank and in hand			100,867	91,463
				273,253	283,099
Creditors: Amount falling due within one year			7	(120,424)	(135,672)
Net current assets				152,829	147,427
Total assets less current liabilities				154,799	149,860




Net assets				154,799	149,860

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		8	154,797	149,858

Total equity				154,799	149,860



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 28 February 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 November 2025 and signed on its behalf by:
A.A. Zagajewski
Director
20 November 2025

for the year ended 28 February 2025

General information

FIRST FIX INDUSTRIAL SUPPLIES LTD is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 03506529

Its registered office is:

Its trading address is:

Unit 1B

Birch Park Industrial Estate

Huntington

York

YO31 9BL

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	7	7

4	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 March 2024	51,141	51,141
		Additions	194	194



		At 28 February 2025	51,335	51,335
		Depreciation
		At 1 March 2024	48,708	48,708
		Charge for the year	657	657



		At 28 February 2025	49,365	49,365
		Net book values
		At 28 February 2025	1,970	1,970
		At 29 February 2024	2,433	2,433

5	Stocks
			2025	2024
			£	£
		Raw materials and consumables	71,200	59,398


			71,200	59,398

6	Debtors
			2025	2024
			£	£
		Trade debtors	100,586	125,513
		Amounts owed by group undertakings	600	500
		Corporation tax recoverable	-	6,225





			101,186	132,238

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	21,388	31,050


		Trade creditors	66,422	78,410

		Taxes and social security	23,653	18,164

		Other creditors	3,620	1,820
		Accruals and deferred income	5,341	6,228
			120,424	135,672

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.