DURABLE FASTENERS LIMITED

DURABLE FASTENERS LIMITED

DURABLE FASTENERS LIMITED - Company Information

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DURABLE FASTENERS LIMITED

Company Registration Number:
01207663 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2018

Period of accounts

Start date: 01 September 2017

End date: 31 August 2018

DURABLE FASTENERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2018

Balance sheet
Notes

DURABLE FASTENERS LIMITED

Balance sheet

As at 31 August 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 209,353 202,800
Total fixed assets: 209,353 202,800
Current assets
Stocks: 776,694 732,257
Debtors:   463,829 527,099
Cash at bank and in hand: 183,511 369,464
Total current assets: 1,424,034 1,628,820
Creditors: amounts falling due within one year:   (1,220,933) (1,436,938)
Net current assets (liabilities): 203,101 191,882
Total assets less current liabilities: 412,454 394,682
Total net assets (liabilities): 412,454 394,682
Capital and reserves
Called up share capital: 10,000 10,000
Revaluation reserve:3117,871117,871
Profit and loss account: 284,583 266,811
Shareholders funds: 412,454 394,682

The notes form part of these financial statements

DURABLE FASTENERS LIMITED

Balance sheet statements

For the year ending 31 August 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 May 2019
and signed on behalf of the board by:

Name: R N Gulliford
Status: Director

The notes form part of these financial statements

DURABLE FASTENERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Freehold property 2% straight linePlant & machinery 20% straight lineFixtures and equipment 15% reducing balanceMotor vehicles 25% reducing balance

DURABLE FASTENERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

2. Tangible Assets

Total
Cost £
At 01 September 2017 1,064,605
Additions 30,536
Disposals (21,871)
At 31 August 2018 1,073,270
Depreciation
At 01 September 2017 861,805
Charge for year 24,490
On disposals (22,378)
At 31 August 2018 863,917
Net book value
At 31 August 2018 209,353
At 31 August 2017 202,800

DURABLE FASTENERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

3. Revaluation reserve

2018
£
Balance at 01 September 2017 117,871
Surplus or deficit after revaluation 0
Balance at 31 August 2018 117,871