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REGISTERED NUMBER: 01566367 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Artisan Tools Limited

Artisan Tools Limited (Registered number: 01566367)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Artisan Tools Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R N Turner
R A Carrier





SECRETARY: R A Carrier





REGISTERED OFFICE: Northants Tooling Supplies
Unit 17 Mounts Business Centre
William Street
Northampton
Northamptonshire
NN1 3EW





REGISTERED NUMBER: 01566367 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

Artisan Tools Limited (Registered number: 01566367)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,911 2,416
6,911 2,416

CURRENT ASSETS
Stocks 43,683 43,480
Debtors 6 51,866 50,974
Cash at bank and in hand 15,313 36,010
110,862 130,464
CREDITORS
Amounts falling due within one year 7 44,892 42,777
NET CURRENT ASSETS 65,970 87,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,881

90,103

PROVISIONS FOR LIABILITIES 8 - 459
NET ASSETS 72,881 89,644

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Share premium 3,500 3,500
Capital redemption reserve 3,000 3,000
Retained earnings 36,381 53,144
SHAREHOLDERS' FUNDS 72,881 89,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Artisan Tools Limited (Registered number: 01566367)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:




R A Carrier - Director



R N Turner - Director


Artisan Tools Limited (Registered number: 01566367)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Artisan Tools 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

Artisan Tools Limited (Registered number: 01566367)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 7,326
AMORTISATION
At 1 April 2024
and 31 March 2025 7,326
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 8,568 59,479 13,352 13,382 94,781
Additions 1,831 - 4,995 - 6,826
Disposals - - (4,150 ) - (4,150 )
At 31 March 2025 10,399 59,479 14,197 13,382 97,457
DEPRECIATION
At 1 April 2024 8,568 59,479 10,936 13,382 92,365
Charge for year 275 - 1,784 - 2,059
Eliminated on disposal - - (3,878 ) - (3,878 )
At 31 March 2025 8,843 59,479 8,842 13,382 90,546
NET BOOK VALUE
At 31 March 2025 1,556 - 5,355 - 6,911
At 31 March 2024 - - 2,416 - 2,416

Artisan Tools Limited (Registered number: 01566367)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 51,479 49,480
Prepayments 387 1,494
51,866 50,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 39,479 34,822
Tax - 1,539
Social security and other taxes 842 837
VAT 3,767 4,418
NEST pension creditor - 357
Accrued expenses 804 804
44,892 42,777

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax
Accelerated capital allowances - 459

Deferred
tax
£   
Balance at 1 April 2024 459
Accelerated capital allowances (459 )
Balance at 31 March 2025 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
30,000 Ordinary Shares £1 30,000 30,000