FISCO TOOLS LIMITED

Company Registration Number:
00755735 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

FISCO TOOLS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FISCO TOOLS LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Gary R Beadon
Patrik Erlandsson
Jonas F Heyman


Secretary Michelle Hubbard

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 November 2023

And signed on behalf of the board by:
Name: Gary R Beadon
Status: Director

FISCO TOOLS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 6,272,813 6,212,867
Cost of sales: ( 4,011,485 ) ( 3,667,779 )
Gross profit(or loss): 2,261,328 2,545,088
Administrative expenses: ( 2,069,346 ) ( 2,065,647 )
Other operating income: 5,839
Operating profit(or loss): 191,982 485,280
Interest receivable and similar income: 4,107 2,960
Profit(or loss) before tax: 196,089 488,240
Tax: ( 37,913 ) ( 84,881 )
Profit(or loss) for the financial year: 158,176 403,359

FISCO TOOLS LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 341,733 447,160
Total fixed assets: 341,733 447,160
Current assets
Stocks: 4 2,044,823 1,834,816
Debtors: 5 1,224,972 487,821
Cash at bank and in hand: 528,634 1,371,791
Total current assets: 3,798,429 3,694,428
Creditors: amounts falling due within one year: 6 ( 343,251 ) ( 502,853 )
Net current assets (liabilities): 3,455,178 3,191,575
Total assets less current liabilities: 3,796,911 3,638,735
Total net assets (liabilities): 3,796,911 3,638,735
Capital and reserves
Called up share capital: 200,000 200,000
Profit and loss account: 3,596,911 3,438,735
Total Shareholders' funds: 3,796,911 3,638,735

The notes form part of these financial statements

FISCO TOOLS LIMITED

Balance sheet statements

For the year ending 31 December 2022 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.

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

This report was approved by the board of directors on 10 November 2023
and signed on behalf of the board by:

Name: Gary R Beadon
Status: Director

The notes form part of these financial statements

FISCO TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    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 wholly attributable to the principal activity of the Company.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Statement of Comprehensive Income during the period in which they are incurred.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, using the straight-line method. The estimated useful lives range as follows:Plant and machinery - 2 - 10 years straight lineFixtures and fittings - 1 - 3 years straight lineThe assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the Statement of Comprehensive Income.

FISCO TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 50 51

FISCO TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 5,844,002 706,288 6,550,290
Additions 89 3,585 3,674
Disposals
Revaluations
Transfers
At 31 December 2022 5,844,091 709,873 6,553,964
Depreciation
At 1 January 2022 5,396,842 706,288 6,103,130
Charge for year 105,516 3,585 109,101
On disposals
Other adjustments
At 31 December 2022 5,502,358 709,873 6,212,231
Net book value
At 31 December 2022 341,733 0 341,733
At 31 December 2021 447,160 0 447,160

FISCO TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 2,044,823 1,834,816
Total 2,044,823 1,834,816

FISCO TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 413,029 148,147
Prepayments and accrued income 45,706 61,766
Other debtors 766,237 277,908
Total 1,224,972 487,821

FISCO TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 225,742 341,895
Taxation and social security 41,426 44,958
Accruals and deferred income 75,482 115,541
Other creditors 601 459
Total 343,251 502,853