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REGISTERED NUMBER: 11296541 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOOLING INTELLIGENCE SERVICES LIMITED

TOOLING INTELLIGENCE SERVICES LIMITED (REGISTERED NUMBER: 11296541)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TOOLING INTELLIGENCE SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: R J Swaffield





REGISTERED OFFICE: Unit K5
Holly Farm Business Park
Honiley
Kenilworth
Warwickshire
CV8 1NP





REGISTERED NUMBER: 11296541 (England and Wales)






TOOLING INTELLIGENCE SERVICES LIMITED (REGISTERED NUMBER: 11296541)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,877 7,628

CURRENT ASSETS
Stocks - 77,419
Debtors 293,164 160,786
Cash at bank 19,659 39,191
312,823 277,396
CREDITORS
Amounts falling due within one year 191,000 166,666
NET CURRENT ASSETS 121,823 110,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,700

118,358

PROVISIONS FOR LIABILITIES 3,969 1,907
NET ASSETS 133,731 116,451

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 133,721 116,441
133,731 116,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

TOOLING INTELLIGENCE SERVICES LIMITED (REGISTERED NUMBER: 11296541)

ABRIDGED BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





R J Swaffield - Director


TOOLING INTELLIGENCE SERVICES LIMITED (REGISTERED NUMBER: 11296541)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Tooling Intelligence Services 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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 - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

TOOLING INTELLIGENCE SERVICES LIMITED (REGISTERED NUMBER: 11296541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 15,742
Additions 12,500
At 31 December 2023 28,242
DEPRECIATION
At 1 January 2023 8,114
Charge for year 4,251
At 31 December 2023 12,365
NET BOOK VALUE
At 31 December 2023 15,877
At 31 December 2022 7,628

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,850 21,850
Between one and five years 65,550 87,400
87,400 109,250

6. ULTIMATE PARENT COMPANY

Tooling Intelligence Holdings Limited (incorporated in England and Wales) is regarded by the director as being the company's ultimate parent company.

The company is controlled by the director, who holds 100% of the share capital of the company's parent undertaking.