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REGISTERED NUMBER: 04725105 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOTAL AIRTOOL SERVICES (UK) LIMITED

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)






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


TOTAL AIRTOOL SERVICES (UK) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: M T Waterfield
C Tanner
S Woods



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 04725105 (England and Wales)



BANKERS: National Westminster Bank Plc
24 Broadgate
Coventry
West Midlands
CV1 1ZZ

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,048 1,397
Tangible assets 5 34,394 39,246
Investments 6 13 13
35,455 40,656

CURRENT ASSETS
Stocks 48,400 40,200
Debtors 7 384,242 405,811
Cash at bank and in hand 628,218 608,518
1,060,860 1,054,529
CREDITORS
Amounts falling due within one year 8 536,929 680,787
NET CURRENT ASSETS 523,931 373,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,386

414,398

CREDITORS
Amounts falling due after more than one
year

9

(4,779

)

(14,910

)

PROVISIONS FOR LIABILITIES (8,165 ) (8,165 )
NET ASSETS 546,442 391,323

CAPITAL AND RESERVES
Called up share capital 12 100 6
Capital redemption reserve 13 6 6
Retained earnings 13 546,336 391,311
SHAREHOLDERS' FUNDS 546,442 391,323

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.

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

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 1 April 2025 and were signed on its behalf by:





M T Waterfield - Director


TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

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

1. STATUTORY INFORMATION

Total Airtool Services (UK) 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Preparation of consolidated financial statements
The financial statements contain information about Total Airtool Services (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business.

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 four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Integral Features - 25% on reducing balance
Improvements to properties - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

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

2. ACCOUNTING POLICIES - continued
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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are recongnised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 2,800
AMORTISATION
At 1 January 2024 1,403
Charge for year 349
At 31 December 2024 1,752
NET BOOK VALUE
At 31 December 2024 1,048
At 31 December 2023 1,397

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

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

5. TANGIBLE FIXED ASSETS
Improvements
Integral to Plant and
Features properties machinery
£    £    £   
COST
At 1 January 2024 1,180 4,207 9,834
Additions - - 573
At 31 December 2024 1,180 4,207 10,407
DEPRECIATION
At 1 January 2024 98 351 7,641
Charge for year 295 1,052 638
At 31 December 2024 393 1,403 8,279
NET BOOK VALUE
At 31 December 2024 787 2,804 2,128
At 31 December 2023 1,082 3,856 2,193

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 27,280 42,621 15,934 101,056
Additions 1,615 - 3,467 5,655
At 31 December 2024 28,895 42,621 19,401 106,711
DEPRECIATION
At 1 January 2024 22,800 20,157 10,763 61,810
Charge for year 1,269 5,616 1,637 10,507
At 31 December 2024 24,069 25,773 12,400 72,317
NET BOOK VALUE
At 31 December 2024 4,826 16,848 7,001 34,394
At 31 December 2023 4,480 22,464 5,171 39,246

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 13
NET BOOK VALUE
At 31 December 2024 13
At 31 December 2023 13

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 357,729 386,885
Other debtors 1,250 1,250
Prepayments 25,263 17,676
384,242 405,811

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 324,071 415,799
Amounts owed to group undertakings 241 87
Tax 91,602 84,939
VAT 44,336 46,807
Other creditors - 1,995
Directors' current accounts 684 11,803
Accruals and deferred income 65,995 109,357
536,929 680,787

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 4,779 14,910

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,552 21,886
Between one and five years 5,902 31,046
25,454 52,932

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 1 50 6
40 Ordinary A 1 40 -
10 Ordinary B 1 10 -
100 6

13. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 391,311 6 391,317
Profit for the year 254,225 254,225
Dividends (99,200 ) (99,200 )
At 31 December 2024 546,336 6 546,342

14. CONTROLLING INTERESTS

Shareholders Mr M T Waterfield and Mrs S Waterfield are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.