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REGISTERED NUMBER: 06095481 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOOLING INTELLIGENCE LIMITED

TOOLING INTELLIGENCE LIMITED (REGISTERED NUMBER: 06095481)






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 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: 06095481 (England and Wales)






TOOLING INTELLIGENCE LIMITED (REGISTERED NUMBER: 06095481)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,529 17,355
Tangible assets 5 107,462 51,797
126,991 69,152

CURRENT ASSETS
Stocks 368,022 380,000
Debtors 1,787,351 932,734
Cash at bank 863,274 421,676
3,018,647 1,734,410
CREDITORS
Amounts falling due within one year 2,565,614 1,277,495
NET CURRENT ASSETS 453,033 456,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,024

526,067

CREDITORS
Amounts falling due after more than one year - (440 )

PROVISIONS FOR LIABILITIES (15,700 ) (12,228 )
NET ASSETS 564,324 513,399

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 1,000 1,000
Retained earnings 563,224 512,299
SHAREHOLDERS' FUNDS 564,324 513,399

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 LIMITED (REGISTERED NUMBER: 06095481)

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 6 August 2024 and were signed by:





R J Swaffield - Director


TOOLING INTELLIGENCE LIMITED (REGISTERED NUMBER: 06095481)

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

1. STATUTORY INFORMATION

Tooling Intelligence 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
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to properties - over the lease term
Plant and machinery - 33% on cost and 25% on reducing balance
Motor vehicles - 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.

TOOLING INTELLIGENCE LIMITED (REGISTERED NUMBER: 06095481)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 25,454
Additions 5,045
At 31 December 2023 30,499
AMORTISATION
At 1 January 2023 8,099
Amortisation for year 2,871
At 31 December 2023 10,970
NET BOOK VALUE

At 31 December 2023 19,529
At 31 December 2022 17,355

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 117,583
Additions 83,996
At 31 December 2023 201,579
DEPRECIATION
At 1 January 2023 65,786
Charge for year 28,331
At 31 December 2023 94,117
NET BOOK VALUE
At 31 December 2023 107,462
At 31 December 2022 51,797

TOOLING INTELLIGENCE LIMITED (REGISTERED NUMBER: 06095481)

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

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 440 1,319
Between one and five years - 440
440 1,759

Non-cancellable operating leases
2023 2022
£    £   
Within one year 47,626 47,626
Between one and five years 76,060 123,686
123,686 171,312

7. PENSION COMMITMENTS

At the year end there were outstanding pension commitments totalling £499 (2022: £493).