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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
COMPANY INFORMATION
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
CONTENTS
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The directors present their strategic report for the year ended 31 December 2024.
The principal activity of the company continues to be the retail supply of professional power tools, hand tools and related products via online and traditional retail channels.
The company continued to monitor economic conditions closely as it moved through 2024, with particular attention to the ongoing impact of inflationary pressures, interest rate movements, and wider consumer sentiment. While inflation has shown signs of easing compared to the highs of 2023, input and operational costs remain an area for ongoing focus and control. The company continues to manage these pressures by maintaining disciplined internal cost control and engaging in proactive negotiations with suppliers to secure the most competitive terms possible.
Rising interest rates during 2023 and early 2024 had a notable impact on consumer and business confidence, particularly within the construction and trade sectors. However, the company has responded effectively by continuing to refine its promotional strategies and expanding its product portfolio, with a focus on affordability and value. This approach has allowed ITS to remain competitive and responsive to shifting customer needs. Gross profit margin remains an area of focus and tight control. This has been successfully managed throughout the year with KPI’s firmly in place. The company remains confident in its strategic decision made in 2023 to withdraw from third-party marketplace platforms such as Amazon, eBay, and ManoMano. This move has further strengthened the ITS brand identity and reduced exposure to the high fees and volatile pricing dynamics associated with those platforms. The direct-to-customer strategy has proven successful, with overall turnover and customer engagement continuing to grow despite the absence of marketplace-driven sales. Operationally, the company remains vigilant regarding global supply chain risks, which, while more stable than in the previous two years, still pose challenges in terms of lead times and product availability in some categories. Inventory planning and supplier diversification remain key tools in managing these risks. Labour availability continues to be a risk factor, particularly in warehousing, Marketing, IT, and technical customer service roles. Although the company has so far been successful in attracting and retaining staff, the UK labour market remains tight, with increasing wage expectations and competition for skilled personnel. The company will continue to invest in training, retention initiatives, and process efficiency to mitigate potential disruption from staff shortages. The company also recognises the growing risk of cyber threats and other technology-related disruptions. As reliance on digital infrastructure and ecommerce platforms increases, so too does the potential for security breaches and service downtime. The company continues to invest in robust cybersecurity measures, staff awareness training, and disaster recovery planning to ensure continuity of service and the protection of customer data. Finally, the company acknowledges the rising importance of environmental and sustainability expectations, both from customers and within the supply chain. While regulatory pressures remain relatively light in this sector, the company is aware that future legislation and consumer expectations may drive a need for greater transparency and sustainability practices. In response, ITS has begun reviewing its packaging, delivery methods, and supplier credentials with a view to reducing environmental impact over time.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
In summary, while economic conditions remain uncertain, the company is well-positioned to navigate the challenges ahead through a combination of strong brand presence, responsive pricing strategy, disciplined cost control, and ongoing investment in people, technology, and sustainability initiatives.
The board monitors the progress of the company by reference to the following Key Performance Indicators:
2024 2023 Sales £71m £62m Gross profit margin 26.7% 26.7% Return on capital employed 25% 22% Current liquidity ratio 9.28 5.94
The decisions made throughout the year by the directors have been made to promote the long-term success of the company and likely consequences of any decision made were considered.
This report was approved by the board on 30 May 2025 and signed on its behalf.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the period ended 31 December 2024.
The directors who served during the period were:
The profit for the period, after taxation, amounted to £5,679,790 (2023 - £4,218,423).
Dividends totalling £3,200,000 (2023 - £1,333,332) were paid during the year.
The company remains committed to sustainable, strategic growth across both its digital and physical retail operations. Key developments in late 2024 and early 2025 have significantly strengthened the business’s market position and long-term potential.
In October 2024, the company completed the acquisition of the intellectual property, web domain and stock of Folkestone Fixings Limited, formerly one of the largest independent retailers in the sector. This strategic move has already proven to be a highly beneficial one, contributing to increased market share, broader end-user reach, and further enhancing the strength and visibility of the ITS brand. To complement this, the company has also successfully introduced a Click & Collect service. Early uptake has exceeded expectations, further bridging the gap between digital convenience and in-store experience, offering additional value to both trade and DIY customers. In early 2025, the company also launched its first pilot concept retail branch in Harlow, focused on delivering high-quality, face-to-face service and a more tactile product experience. This new direction reflects the company’s belief in the enduring value of traditional, bricks-and-mortar retail. Initial trading results and customer feedback from Harlow have been overwhelmingly positive, and further investment in physical retail is planned as part of a broader multi-channel strategy. Internally, the company continues to invest in team growth and capability, with the expansion of its web and marketing departments to support ongoing digital development and customer engagement initiatives. Operational efficiency also remains a priority. Further process improvements are being implemented at the company’s distribution centre to support growing volumes while keeping costs tightly controlled. These developments, combined with a loyal customer base, a scalable infrastructure, and a strong brand foundation, position the company well for the future. The directors remain focused on growth while also being open to exploring strategic opportunities that align with the company’s long-term vision.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
The company actively engages with its employees on any matters likely to affect their interests and information is passed to employees via their line managers and HR.
The company values its long-established relationships with its suppliers and will continue to support those suppliers who it feels reciprocate the same level of support. The company attaches huge importance to delivering exceptional customer service. It is felt this contributes significantly to its success and is likely to become more and more important as the consumers demands, and expectations grow.
The Company's greenhouse gas emissions and energy consumption for the year are 496,484kWh (2023 - 393,766kWh).
The emissions are all in relation to electricity usage.
There have been no significant events affecting the Company since the year end.
Under section 487(2) of the Companies Act 2006, Haslers will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board on 30 May 2025 and signed on its behalf.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
We have audited the financial statements of Industrial Tool Supplies (London) Limited (the 'Company') for the period ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the legal and regulatory frameworks that are applicable to the entity we have considered those that have a direct and indirect material impact on the financial statements and operations of the company. These include but are not limited to the Companies Act 2006, GDPR, Employment and Health & Safety legislation and tax legislation. We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries to the management. We corroborated our inquiries through our review of documentation generated and assessing the extent of compliance with the relevant laws and regulations. We discussed among the audit engagement team regarding the opportunities and incentives, including management override of controls, that may exist within the organisation for fraud and how and where fraud might occur in the financial statements. As a result of performing the above, we identified the greatest potential for material misstatements due to fraud are in the following areas, and our specific procedures performed to address these are described below: The risk of management override of controls is the area where the financial statements were most susceptible to material misstatement due to fraud. In addition, the key principal risks related to the existence of inappropriate journal entries to impact the profit for the year and management bias in accounting estimates. Procedures performed to address these were as follows: • Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud, including known or suspected instances of non-compliance with laws and regulations, and fraud, • Identifying and assessing the effectiveness of controls management has in place for stock and how fraud is detected and prevented. • Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process, • Challenging assumptions and judgements made by management in its significant accounting estimates; and • Identifying and testing journal entries, in particular any unusual journal entries posted around the year-end and journal entries posted by infrequent system users.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
Old Station Road
Essex
IG10 4PL
30 May 2025
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
REGISTERED NUMBER: 01445952
BALANCE SHEET
AS AT 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
REGISTERED NUMBER: 01445952
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 May 2025.
The notes on pages 17 to 32 form part of these financial statements.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
REGISTERED NUMBER: 01445952
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
ANALYSIS OF NET DEBT
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Industrial Tool Supplies (London) 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 principal activity of the company is the supply of professional power tools, hand tools and related products.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The company's financial statements are rounded to the nearest Pound.
The following principal accounting policies have been applied:
Functional and presentation currency
Transactions and balances
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
There has been a change in the way supplier rebates are recognised. Cash and credit notes received through supplier rebates are netted off against Cost of Sales and recognised upon fulfilment of the rebate agreement. Previously, they had been recognised on receipt of cash or credit note.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line or reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
i) Useful economic lives of tangible assets The depreciation charge for tangible assets is dependent on the estimated useful lives of the assets. The economic useful lives are re-assessed annually. They are amended when necessary to reflect current estimates based on the economic utilisation and the physical condition of the assets. The carrying amount of these assets is detailed in note 14; the useful economic lives detailed in the accounting policies above. ii) Stock provisioning The company sells a range of professional power tools, hand tools and related products. These are subject to changing customer demands and technological advancement. Consequently, management consider the recoverability of the cost of the stock and any provisioning required. When calculating a stock provision, management consider the nature and condition of the stock, together with accessing the saleability. The net carrying amount of stock is detailed in note 15.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Page 24
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
There were no factors that may affect future tax charges.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Page 27
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Page 29
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Capital redemption reserve
Profit and loss account
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £69,791 (2023 - £63,558).
Contributions totalling £16,733 (2023 - £16,805) payable to the fund at the balance sheet date.
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INDUSTRIAL TOOL SUPPLIES (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
The company is under the control of K R Hubbard by virtue of their majority holdings in the issued share capital.
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