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REGISTERED NUMBER: 01558030 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BILZ TOOL LIMITED

BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BILZ TOOL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: A J Hooper





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





BUSINESS ADDRESS: 44 Hotchkiss Way
Binley
Coventry
CV3 2RL





REGISTERED NUMBER: 01558030 (England and Wales)





AUDITORS: Dafferns LLP
Chartered Accountants
Statutory Auditor
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,842 16,349
Investments 6 2 2
11,844 16,351

CURRENT ASSETS
Stocks 102,940 128,487
Debtors 7 792,405 753,419
Cash at bank 263,134 349,490
1,158,479 1,231,396
CREDITORS
Amounts falling due within one year 8 172,230 276,814
NET CURRENT ASSETS 986,249 954,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,093

970,933

CAPITAL AND RESERVES
Called up share capital 9 1,100,000 1,100,000
Retained earnings (101,907 ) (129,067 )
SHAREHOLDERS' FUNDS 998,093 970,933

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 director and authorised for issue on 20 February 2025 and were signed by:





A J Hooper - Director


BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Bilz Tool 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, typically on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-

Plant & machinery- Between 3 and 10 years
Fixtures & fittings- Between 3 and 10 years
Motor vehicles- 4 years
Leasehold improvements- Between 5 years and the remaining life of the lease

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs in bringing the product to its current location and condition and is maintained on a first in, first out basis.

As stocks are sold, the carrying amount of those stocks is recognised as an expense in the year in which the related revenue is recognised.

At each reporting date, stocks are assessed for impairment and due allowances are made for obsolete and slow-moving items to reduce the carrying amount of these goods to their estimated selling price less costs to complete and sell. The amount of any write-down is recognised as an expense in the year that the write-down occurs. The reversal of any previous write-down is recognised as a reduction in the amount of stock expensed in the year that the reversal occurs.

Financial instruments
Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Other financial assets and liabilities, such as loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for its employees. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate. A defined contribution plan is a pension scheme under which the company pays fixed contributions into an independently administered fund and has no further obligations once the contributions have been paid.

BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Group financial statements
Consolidated financial statements are not required to be produced because the company and its subsidiary qualify as a small group.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 115,709
Additions 307
Disposals (66,674 )
At 31 December 2024 49,342
DEPRECIATION
At 1 January 2024 99,360
Charge for year 3,935
Eliminated on disposal (65,795 )
At 31 December 2024 37,500
NET BOOK VALUE
At 31 December 2024 11,842
At 31 December 2023 16,349

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 219,333 140,333
Other debtors 17,984 13,641
Amounts due from group companies 538,073 574,772
Prepayments and accrued income 17,015 24,673
792,405 753,419

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,834 5,434
Social security and other taxes 29,057 28,555
Other creditors 6,041 6,883
Amounts owed to group companies 98,913 208,231
Accrued expenses 36,385 27,711
172,230 276,814

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,100,000 Ordinary £1 1,100,000 1,100,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lucy Hatton FCCA (Senior Statutory Auditor)
for and on behalf of Dafferns LLP

11. OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases of £45,396 (2023: £nil).

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

BILZ TOOL LIMITED (REGISTERED NUMBER: 01558030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

13. ULTIMATE PARENT COMPANY

The smallest and largest group in which the results of the company are consolidated is that of ITS International Tool Systems Verwaltungs-GmbH. ITS International Tool Systems Verwaltungs-GmbH is also the ultimate parent company, a company incorporated in Germany.

The registered office address of ITS International Tool Systems Verwaltungs-GmbH, Leitzstr. 2, 73447 Oberkochen, Germany.