REGISTERED NUMBER: 06007839 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 November 2024

for

Aitch Tools & Fastners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H S Nixon

SECRETARY:

Mrs A D Nixon

REGISTERED OFFICE:

316 Blackpool Road, Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

06007839 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

487,873

487,080

CURRENT ASSETS

Stocks

77,625

97,625

Debtors

5

161,992

222,953

Cash at bank and in hand

105,410

72,816

345,027

393,394

CREDITORS

Amounts falling due within one year

6

472,708

513,466

NET CURRENT LIABILITIES

(127,681

)

(120,072

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,192

367,008

CREDITORS

Amounts falling due after more than one year

7

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(5,983

)

(4,641

)

NET ASSETS

349,209

347,367

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

349,109

347,267

349,209

347,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

Mr H S Nixon - Director

1.	STATUTORY INFORMATION

Aitch Tools & Fastners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

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 - 20% on cost

Fixtures and fittings - 5% on cost

Computer equipment - 33% on cost

Motor vehicle - 20% on cost

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 30 November 2023

452,012

132,148

584,160

Additions

-

20,107

20,107

Disposals

-

(32,709

)

(32,709

)

At 29 November 2024

452,012

119,546

571,558

DEPRECIATION

At 30 November 2023

-

97,080

97,080

Charge for year

-

6,213

6,213

Eliminated on disposal

-

(19,608

)

(19,608

)

At 29 November 2024

-

83,685

83,685

NET BOOK VALUE

At 29 November 2024

452,012

35,861

487,873

At 29 November 2023

452,012

35,068

487,080

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.11.24

29.11.23

£

£

Trade debtors

154,861

219,401

Other debtors

7,131

3,552

161,992

222,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.11.24

29.11.23

£

£

Bank loans and overdrafts

292,341

305,534

Hire purchase contracts (see note 8)

17,136

-

Trade creditors

139,594

194,695

Taxation and social security

20,413

10,966

Other creditors

3,224

2,271

472,708

513,466

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.11.24

29.11.23

£

£

Bank loans

5,000

15,000

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

29.11.24

29.11.23

£

£

Net obligations repayable:

Within one year

17,136

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.11.24

29.11.23

£

£

Bank loans

297,341

320,534

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays Bank UK PLC.