Company registration number 02981813 (England and Wales)
SAMWELL TOOLING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
SAMWELL TOOLING LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
SAMWELL TOOLING LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr. I Wellman
Secretary
Mrs. S Wellman
Company number
02981813
Registered office
29 Benson Road
Nuffield Industrial Estate
Poole
Dorset
BH17 0GB
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
SAMWELL TOOLING LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
181,758
203,888
Current assets
Stocks
162,485
136,956
Debtors
5
89,317
134,607
Cash at bank and in hand
151,546
25,185
403,348
296,748
Creditors: amounts falling due within one year
6
(153,791)
(144,602)
Net current assets
249,557
152,146
Total assets less current liabilities
431,315
356,034
Creditors: amounts falling due after more than one year
7
(3,334)
(13,333)
Provisions for liabilities
(39,599)
(44,100)
Net assets
388,382
298,601
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
388,282
298,501
Total equity
388,382
298,601
SAMWELL TOOLING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 July 2025
Mr. I Wellman
Director
Company Registration No. 02981813
The notes on pages 4 to 8 form part of these financial statements
SAMWELL TOOLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

Samwell Tooling Limited is a private company limited by shares incorporated in England and Wales. The registered office is 29 Benson Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is three years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance and 25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SAMWELL TOOLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

 

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

SAMWELL TOOLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024 and 31 January 2025
3,500
Amortisation and impairment
At 1 February 2024 and 31 January 2025
3,500
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
SAMWELL TOOLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
694,243
106,108
11,425
811,776
Additions
6,889
2,029
-
0
8,918
At 31 January 2025
701,132
108,137
11,425
820,694
Depreciation and impairment
At 1 February 2024
499,594
97,513
10,781
607,888
Depreciation charged in the year
29,533
1,354
161
31,048
At 31 January 2025
529,127
98,867
10,942
638,936
Carrying amount
At 31 January 2025
172,005
9,270
483
181,758
At 31 January 2024
194,649
8,595
644
203,888
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
84,550
99,784
Other debtors
3,000
32,182
Prepayments and accrued income
1,767
2,641
89,317
134,607
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
46,300
30,454
Other taxation and social security
36,166
42,523
Other creditors
58,825
59,125
Accruals and deferred income
2,500
2,500
153,791
144,602
SAMWELL TOOLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,334
13,333
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
75
75
75
75
A Ordinary shares of £1 each
25
25
25
25
100
100
100
100
2025-01-312024-02-01falsefalsefalse29 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr. I WellmanMrs. S Wellman6029818132024-02-012025-01-3102981813bus:Director12024-02-012025-01-3102981813bus:CompanySecretary12024-02-012025-01-3102981813bus:RegisteredOffice2024-02-012025-01-31029818132025-01-31029818132024-01-3102981813core:PlantMachinery2025-01-3102981813core:FurnitureFittings2025-01-3102981813core:MotorVehicles2025-01-3102981813core:PlantMachinery2024-01-3102981813core:FurnitureFittings2024-01-3102981813core:MotorVehicles2024-01-3102981813core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3102981813core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3102981813core:CurrentFinancialInstruments2025-01-3102981813core:CurrentFinancialInstruments2024-01-3102981813core:Non-currentFinancialInstruments2025-01-3102981813core:Non-currentFinancialInstruments2024-01-3102981813core:ShareCapital2025-01-3102981813core:ShareCapital2024-01-3102981813core:RetainedEarningsAccumulatedLosses2025-01-3102981813core:RetainedEarningsAccumulatedLosses2024-01-3102981813core:ShareCapitalOrdinaryShareClass12025-01-3102981813core:ShareCapitalOrdinaryShareClass12024-01-3102981813core:ShareCapitalOrdinaryShareClass22025-01-3102981813core:ShareCapitalOrdinaryShareClass22024-01-3102981813core:ShareCapitalOrdinaryShares2025-01-3102981813core:ShareCapitalOrdinaryShares2024-01-3102981813core:Goodwill2024-02-012025-01-3102981813core:PlantMachinery2024-02-012025-01-3102981813core:FurnitureFittings2024-02-012025-01-3102981813core:MotorVehicles2024-02-012025-01-3102981813core:NetGoodwill2024-01-3102981813core:NetGoodwill2025-01-3102981813core:NetGoodwill2024-01-3102981813core:PlantMachinery2024-01-3102981813core:FurnitureFittings2024-01-3102981813core:MotorVehicles2024-01-31029818132024-01-3102981813bus:OrdinaryShareClass12024-02-012025-01-3102981813bus:OrdinaryShareClass22024-02-012025-01-3102981813bus:OrdinaryShareClass12025-01-3102981813bus:OrdinaryShareClass12024-01-3102981813bus:OrdinaryShareClass22025-01-3102981813bus:OrdinaryShareClass22024-01-3102981813bus:AllOrdinaryShares2025-01-3102981813bus:AllOrdinaryShares2024-01-3102981813bus:PrivateLimitedCompanyLtd2024-02-012025-01-3102981813bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-3102981813bus:FRS1022024-02-012025-01-3102981813bus:AuditExemptWithAccountantsReport2024-02-012025-01-3102981813bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP