IRIS Accounts Production v24.2.0.383 04198945 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041989452023-04-30041989452024-04-30041989452023-05-012024-04-30041989452022-04-30041989452022-05-012023-04-30041989452023-04-3004198945ns15:EnglandWales2023-05-012024-04-3004198945ns14:PoundSterling2023-05-012024-04-3004198945ns10:Director12023-05-012024-04-3004198945ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004198945ns10:SmallEntities2023-05-012024-04-3004198945ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004198945ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004198945ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004198945ns10:FullAccounts2023-05-012024-04-3004198945ns10:Director22023-05-012024-04-3004198945ns10:Director32023-05-012024-04-3004198945ns10:Director42023-05-012024-04-3004198945ns10:Director52023-05-012024-04-3004198945ns10:RegisteredOffice2023-05-012024-04-3004198945ns5:CurrentFinancialInstruments2024-04-3004198945ns5:CurrentFinancialInstruments2023-04-3004198945ns5:ShareCapital2024-04-3004198945ns5:ShareCapital2023-04-3004198945ns5:RevaluationReserve2024-04-3004198945ns5:RevaluationReserve2023-04-3004198945ns5:RetainedEarningsAccumulatedLosses2024-04-3004198945ns5:RetainedEarningsAccumulatedLosses2023-04-3004198945ns5:LandBuildings2023-05-012024-04-3004198945ns5:PlantMachinery2023-05-012024-04-3004198945ns5:LandBuildings2023-04-3004198945ns5:PlantMachinery2023-04-3004198945ns5:LandBuildings2024-04-3004198945ns5:PlantMachinery2024-04-3004198945ns5:LandBuildings2023-04-3004198945ns5:PlantMachinery2023-04-3004198945ns5:CostValuation2023-04-3004198945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004198945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004198945ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 04198945 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TOOL-TEMP LIMITED

TOOL-TEMP LIMITED (REGISTERED NUMBER: 04198945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOOL-TEMP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C A Robb
Mrs G Robb
J D Radcliffe
Mrs S Radcliffe
J Bailey





REGISTERED OFFICE: Unit 3
Everitt Close
Denington Road Industrial Estate
Wellingborough
Northamptonshire
NN8 2QE





REGISTERED NUMBER: 04198945 (England and Wales)





ACCOUNTANTS: 80K Limited
59a Day's Lane
Biddenham
Bedford
Bedfordshire
MK40 4AE

TOOL-TEMP LIMITED (REGISTERED NUMBER: 04198945)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 522,500 525,000
Investments 5 - -
522,500 525,000

CURRENT ASSETS
Stocks 322,828 245,454
Debtors 6 455,559 272,619
Cash at bank 563,410 680,135
1,341,797 1,198,208
CREDITORS
Amounts falling due within one year 7 (725,405 ) (525,640 )
NET CURRENT ASSETS 616,392 672,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,138,892

1,197,568

CAPITAL AND RESERVES
Called up share capital 71,500 71,500
Revaluation reserve 8 100,381 100,381
Retained earnings 967,011 1,025,687
SHAREHOLDERS' FUNDS 1,138,892 1,197,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

TOOL-TEMP LIMITED (REGISTERED NUMBER: 04198945)

BALANCE SHEET - continued
30 APRIL 2024


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 10 September 2024 and were signed on its behalf by:





C A Robb - Director


TOOL-TEMP LIMITED (REGISTERED NUMBER: 04198945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Tool-Temp 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - on cost of buildings
Plant and machinery etc - 33% on cost and 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 13 ) .

TOOL-TEMP LIMITED (REGISTERED NUMBER: 04198945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 612,631 130,032 742,663
Additions - 20,000 20,000
Disposals - (20,000 ) (20,000 )
At 30 April 2024 612,631 130,032 742,663
DEPRECIATION
At 1 May 2023 92,631 125,032 217,663
Charge for year - 6,895 6,895
Eliminated on disposal - (4,395 ) (4,395 )
At 30 April 2024 92,631 127,532 220,163
NET BOOK VALUE
At 30 April 2024 520,000 2,500 522,500
At 30 April 2023 520,000 5,000 525,000

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 100,381 - 100,381
Cost 512,250 130,032 642,282
612,631 130,032 742,663

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 512,250 512,250

The freehold land and building were valued on an open market value basis on 30 April 2024 by the directors .

TOOL-TEMP LIMITED (REGISTERED NUMBER: 04198945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 15,780
PROVISIONS
At 1 May 2023
and 30 April 2024 15,780
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 426,425 239,247
Other debtors 29,134 33,372
455,559 272,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 637,216 416,779
Taxation and social security 71,921 99,621
Other creditors 16,268 9,240
725,405 525,640

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 100,381