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REGISTERED NUMBER: 12143141 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOOLROOM ACADEMY LIMITED

TOOLROOM ACADEMY LIMITED (REGISTERED NUMBER: 12143141)






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


TOOLROOM ACADEMY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S M Knight
Mr M K Knight
Mrs L D Knight
Mr K J Knight





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 12143141 (England and Wales)





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

TOOLROOM ACADEMY LIMITED (REGISTERED NUMBER: 12143141)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 200,000 143

CURRENT ASSETS
Debtors 5 2,607,863 1,937,006
Cash at bank 2,151 1,904
2,610,014 1,938,910
CREDITORS
Amounts falling due within one year 6 2,171,942 1,639,320
NET CURRENT ASSETS 438,072 299,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,072

299,733

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 638,071 299,732
SHAREHOLDERS' FUNDS 638,072 299,733

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.

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 ACADEMY LIMITED (REGISTERED NUMBER: 12143141)

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

1. STATUTORY INFORMATION

Toolroom Academy 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.

Computer Equipment - 33.33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TOOLROOM ACADEMY LIMITED (REGISTERED NUMBER: 12143141)

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

4. TANGIBLE FIXED ASSETS
Land and Computer
buildings equipment Totals
£    £    £   
COST
At 1 January 2024 - 1,287 1,287
Additions 200,000 - 200,000
At 31 December 2024 200,000 1,287 201,287
DEPRECIATION
At 1 January 2024 - 1,144 1,144
Charge for year - 143 143
At 31 December 2024 - 1,287 1,287
NET BOOK VALUE
At 31 December 2024 200,000 - 200,000
At 31 December 2023 - 143 143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 430,706 236,599
Amounts owed by group undertakings 1 1
Other debtors 2,124,910 1,643,560
VAT 9,899 26,690
Accruals 42,347 30,156
2,607,863 1,937,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,591,741 1,265,387
Corporation tax 46,161 54,233
Other creditors 200,000 200,000
Accruals and deferred income 334,040 119,700
2,171,942 1,639,320

7. CALLED UP SHARE CAPITAL

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

TOOLROOM ACADEMY LIMITED (REGISTERED NUMBER: 12143141)

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

8. RESERVES
Retained
earnings
£   

At 1 January 2024 299,732
Profit for the year 338,339
At 31 December 2024 638,071

9. RELATED PARTY DISCLOSURES

Included under current assets is a balance owed to the company by related parties:
Toolroom Productions Limited: £2,124,910 (2023: £1,643,560)

Included under current liabilities are balances owed by the company to related parties:
Knight Family Investments Limited: £1,310,522 (2023: £1,039,559)
Toolroom Productions Limited: £189,000 (2022: £189,000)

These loans are not secured, carry no interest and have no fixed terms of repayment. The directors have indicated that these amount will not be called up for payment in the next 12 months.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Knight Family Investments Limited, and its directors, by virtue of its ownership of 100% of the issued share capital in the company.