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REGISTERED NUMBER: 04098561 (England and Wales)















AST TOOLS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






AST TOOLS LTD (REGISTERED NUMBER: 04098561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AST TOOLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P R Dawson
R A Dawson
A R Bull
B C Allen





REGISTERED OFFICE: 68 Heming Road
Redditch
Worcestershire
B98 0EA





REGISTERED NUMBER: 04098561 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

AST TOOLS LTD (REGISTERED NUMBER: 04098561)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,669 5,501
Tangible assets 5 89,232 83,385
92,901 88,886

CURRENT ASSETS
Stocks 314,049 260,318
Debtors 6 236,735 149,618
Cash at bank and in hand 288,369 238,755
839,153 648,691
CREDITORS
Amounts falling due within one year 7 247,386 162,131
NET CURRENT ASSETS 591,767 486,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,668

575,446

PROVISIONS FOR LIABILITIES 10 22,309 19,204
NET ASSETS 662,359 556,242

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 662,259 556,142
SHAREHOLDERS' FUNDS 662,359 556,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

AST TOOLS LTD (REGISTERED NUMBER: 04098561)

BALANCE SHEET - continued
31 DECEMBER 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 14 May 2025 and were signed on its behalf by:





P R Dawson - Director


AST TOOLS LTD (REGISTERED NUMBER: 04098561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

AST Tools Ltd 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. 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 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.


AST TOOLS LTD (REGISTERED NUMBER: 04098561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 29,674
AMORTISATION
At 1 January 2024 24,173
Charge for year 1,832
At 31 December 2024 26,005
NET BOOK VALUE
At 31 December 2024 3,669
At 31 December 2023 5,501

AST TOOLS LTD (REGISTERED NUMBER: 04098561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 52,164 63,243 20,702 9,833 145,942
Additions 21,538 1,048 - 986 23,572
At 31 December 2024 73,702 64,291 20,702 10,819 169,514
DEPRECIATION
At 1 January 2024 26,188 17,111 11,967 7,291 62,557
Charge for year 7,123 7,071 2,183 1,348 17,725
At 31 December 2024 33,311 24,182 14,150 8,639 80,282
NET BOOK VALUE
At 31 December 2024 40,391 40,109 6,552 2,180 89,232
At 31 December 2023 25,976 46,132 8,735 2,542 83,385

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 20,702
Transfer to ownership (20,702 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 11,967
Transfer to ownership (11,967 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 8,735

AST TOOLS LTD (REGISTERED NUMBER: 04098561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 178,800 132,333
Other debtors 57,935 17,285
236,735 149,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Hire purchase contracts (see note 8) - 2,530
Trade creditors 138,672 90,255
Taxation and social security 101,176 58,007
Other creditors 7,538 11,339
247,386 162,131

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/24 31/12/23
£    £   
Net obligations repayable:
Within one year - 2,530

Non-cancellable operating leases
31/12/24 31/12/23
£    £   
Within one year 22,908 22,908
Between one and five years 22,908 45,816
45,816 68,724

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Hire purchase contracts - 2,530

AST TOOLS LTD (REGISTERED NUMBER: 04098561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax 22,309 19,204

Deferred
tax
£   
Balance at 1 January 2024 19,204
Provided during year 3,105
Balance at 31 December 2024 22,309