IRIS Accounts Production v23.3.0.418 14290884 Board of Directors 11.8.22 31.8.23 31.8.23 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142908842022-08-10142908842023-08-31142908842022-08-112023-08-31142908842022-08-1014290884ns10:Originalns15:EnglandWales2022-08-112023-08-3114290884ns14:PoundSterlingns10:Original2022-08-112023-08-3114290884ns10:Originalns10:Director12022-08-112023-08-3114290884ns10:Original2022-08-112023-08-3114290884ns10:Original2023-08-3114290884ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-112023-08-3114290884ns10:Originalns10:SmallEntities2022-08-112023-08-3114290884ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-112023-08-3114290884ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-112023-08-3114290884ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-112023-08-3114290884ns10:Originalns10:FullAccounts2022-08-112023-08-3114290884ns10:Original12022-08-112023-08-3114290884ns10:Originalns10:OrdinaryShareClass12022-08-112023-08-3114290884ns10:Originalns10:OrdinaryShareClass112022-08-112023-08-3114290884ns10:Originalns10:Director22022-08-112023-08-3114290884ns10:Originalns10:RegisteredOffice2022-08-112023-08-3114290884ns10:Originalns5:CurrentFinancialInstruments2023-08-3114290884ns5:ShareCapitalns10:Original2023-08-3114290884ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3114290884ns10:Originalns5:NetGoodwill2022-08-112023-08-3114290884ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-112023-08-3114290884ns10:Originalns5:PlantMachinery2022-08-112023-08-3114290884ns10:Originalns5:NetGoodwill2023-08-3114290884ns10:Originalns5:LandBuildings2022-08-1014290884ns10:Originalns5:PlantMachinery2022-08-1014290884ns10:Original2022-08-1014290884ns10:Originalns5:LandBuildings2022-08-112023-08-3114290884ns10:Originalns5:LandBuildings2023-08-3114290884ns10:Originalns5:PlantMachinery2023-08-3114290884ns10:Originalns5:LandBuildings2022-08-1014290884ns10:Originalns5:PlantMachinery2022-08-1014290884ns10:Original2022-08-1014290884ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3114290884ns10:Originalns10:OrdinaryShareClass12023-08-31
REGISTERED NUMBER: 14290884 (England and Wales)


Financial Statements for the Period 11 August 2022 to 31 August 2023

for

Tools Shop Limited

Tools Shop Limited (Registered number: 14290884)






Contents of the Financial Statements
for the Period 11 August 2022 to 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tools Shop Limited

Company Information
for the Period 11 August 2022 to 31 August 2023







DIRECTORS: Mr Kalpeshkumar Rameshchandra Patel
Mrs Divya Shah





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 14290884 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Tools Shop Limited (Registered number: 14290884)

Statement of Financial Position
31 August 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 35,000
Tangible assets 5 22,600
57,600

CURRENT ASSETS
Stocks 81,437
Debtors 6 24
Cash at bank and in hand 3,800
85,261
CREDITORS
Amounts falling due within one year 7 130,849
NET CURRENT LIABILITIES (45,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,012

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 11,912
SHAREHOLDERS' FUNDS 12,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tools Shop Limited (Registered number: 14290884)

Statement of Financial Position - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





Mr Kalpeshkumar Rameshchandra Patel - Director


Tools Shop Limited (Registered number: 14290884)

Notes to the Financial Statements
for the Period 11 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Tools Shop Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 35,000
At 31 August 2023 35,000
NET BOOK VALUE
At 31 August 2023 35,000

Tools Shop Limited (Registered number: 14290884)

Notes to the Financial Statements - continued
for the Period 11 August 2022 to 31 August 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 11 August 2022 1 - 1
Additions - 30,132 30,132
At 31 August 2023 1 30,132 30,133
DEPRECIATION
Charge for period - 7,533 7,533
At 31 August 2023 - 7,533 7,533
NET BOOK VALUE
At 31 August 2023 1 22,599 22,600
At 10 August 2022 1 - 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 24

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 6,319
Taxation and social security 3,419
Other creditors 121,111
130,849

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.