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REGISTERED NUMBER: 04656431 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOOLROOM PRODUCTIONS LIMITED

TOOLROOM PRODUCTIONS LIMITED (REGISTERED NUMBER: 04656431)






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


TOOLROOM PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr G W Ankrett
Mr J M Kemp
Mr K J Knight
Mrs L D Knight
Mr M K Knight
Mr S M Knight
Mr M Shackleton





SECRETARY: Mr K J Knight





REGISTERED OFFICE: Top Floor Raglan House
St. Peters Street
Maidstone, Kent
ME16 0SN





REGISTERED NUMBER: 04656431 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

TOOLROOM PRODUCTIONS LIMITED (REGISTERED NUMBER: 04656431)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 108,985 112,350

CURRENT ASSETS
Stocks 5 1,970 4,778
Debtors 6 7,171,482 5,175,783
Cash at bank 631,913 687,095
7,805,365 5,867,656
CREDITORS
Amounts falling due within one year 7 7,714,194 5,699,193
NET CURRENT ASSETS 91,171 168,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,156

280,813

CREDITORS
Amounts falling due after more than one year 8 (15,033 ) (18,160 )

PROVISIONS FOR LIABILITIES (8,370 ) (8,370 )
NET ASSETS 176,753 254,283

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 176,653 254,183
SHAREHOLDERS' FUNDS 176,753 254,283

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.

TOOLROOM PRODUCTIONS LIMITED (REGISTERED NUMBER: 04656431)

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 11 June 2025 and were signed on its behalf by:





Mr S M Knight - Director


TOOLROOM PRODUCTIONS LIMITED (REGISTERED NUMBER: 04656431)

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

1. STATUTORY INFORMATION

Toolroom Productions 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.

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.

Plant & Machinery 20% and 10% 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.

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.

Going concern
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

TOOLROOM PRODUCTIONS LIMITED (REGISTERED NUMBER: 04656431)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property equipment Totals
£    £    £   
COST
At 1 January 2024 89,587 175,482 265,069
Additions - 14,954 14,954
At 31 December 2024 89,587 190,436 280,023
DEPRECIATION
At 1 January 2024 37,010 115,709 152,719
Charge for year 5,257 13,062 18,319
At 31 December 2024 42,267 128,771 171,038
NET BOOK VALUE
At 31 December 2024 47,320 61,665 108,985
At 31 December 2023 52,577 59,773 112,350

5. STOCKS
31.12.24 31.12.23
£    £   
Finished goods 1,970 4,778

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 962,766 755,219
Other debtors 6,050,923 4,275,749
Director's current account - 6,920
VAT 20,491 1,617
Prepayments and accrued income 137,302 136,278
7,171,482 5,175,783

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 3,637 3,637
Trade creditors 5,288,979 3,684,754
Social security and other taxes - (5,067 )
Other creditors 2,421,578 2,015,869
7,714,194 5,699,193

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
BBL due > 1 year 15,033 18,160

TOOLROOM PRODUCTIONS LIMITED (REGISTERED NUMBER: 04656431)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2024 254,183
Deficit for the year (77,530 )
At 31 December 2024 176,653

11. RELATED PARTY DISCLOSURES

Included under current debtors is a balance owed to the company by related parties:
Toolroom Academy Limited: £189,000 (2023: £189,000)

Included under current assets are loans owed to the company by related parties:
Amplifed Label Services Limited: £777,981 (2023: £672,086)
Knight Family Investments Limited: £5,216,206 (2023: £3,555,044)
Mark Knight Music Limited £39,470 (2023: £48,620)

These loans are not secured, carry no interest and have no fixed terms of repayment.

Included under current creditors are amounts owed by the company to related parties:
Amplified Label Services Limited: £2,076,505 (2023: £1,574,645)
Knight Family Investments Limited: £3,167,217 (2023: £2,087,870)

Included under current liabilities is a loan owed by the company to a related party:
Toolroom Academy Limited: £2,124,910 (2023: £1,643,560)

12. TAXATION

The company has carried forward losses of £45,862 (2023: £2,371) which it can offset against future taxable profits.