IRIS Accounts Production v25.2.0.378 10323543 director 1.1.24 31.12.24 31.12.24 false true false false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10323543 2023-12-31 10323543 2024-12-31 10323543 2024-01-01 2024-12-31 10323543 2022-12-31 10323543 2023-01-01 2023-12-31 10323543 2023-12-31 10323543 ns15:EnglandWales 2024-01-01 2024-12-31 10323543 ns14:PoundSterling 2024-01-01 2024-12-31 10323543 ns10:Director1 2024-01-01 2024-12-31 10323543 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10323543 ns10:SmallEntities 2024-01-01 2024-12-31 10323543 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10323543 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 10323543 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10323543 ns10:FullAccounts 2024-01-01 2024-12-31 10323543 1 2024-01-01 2024-12-31 10323543 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 10323543 ns10:OrdinaryShareClass3 2024-01-01 2024-12-31 10323543 ns10:CompanySecretary1 2024-01-01 2024-12-31 10323543 ns10:RegisteredOffice 2024-01-01 2024-12-31 10323543 ns5:CurrentFinancialInstruments 2024-12-31 10323543 ns5:CurrentFinancialInstruments 2023-12-31 10323543 ns5:ShareCapital 2024-12-31 10323543 ns5:ShareCapital 2023-12-31 10323543 ns5:CapitalRedemptionReserve 2024-12-31 10323543 ns5:CapitalRedemptionReserve 2023-12-31 10323543 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 10323543 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 10323543 ns5:NetGoodwill 2024-01-01 2024-12-31 10323543 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 10323543 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 10323543 ns5:NetGoodwill 2023-12-31 10323543 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 10323543 ns5:NetGoodwill 2024-12-31 10323543 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 10323543 ns5:NetGoodwill 2023-12-31 10323543 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 10323543 ns5:LeaseholdImprovements 2023-12-31 10323543 ns5:PlantMachinery 2023-12-31 10323543 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 10323543 ns5:PlantMachinery 2024-01-01 2024-12-31 10323543 ns5:LeaseholdImprovements 2024-12-31 10323543 ns5:PlantMachinery 2024-12-31 10323543 ns5:LeaseholdImprovements 2023-12-31 10323543 ns5:PlantMachinery 2023-12-31 10323543 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 10323543 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 10323543 ns10:OrdinaryShareClass2 2024-12-31 10323543 ns10:OrdinaryShareClass3 2024-12-31

REGISTERED NUMBER: 10323543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SHEFFIELD TOOLING CO LTD

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SHEFFIELD TOOLING CO LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTOR: | Mrs M Cooper

| SECRETARY: | Mrs M Cooper

| REGISTERED OFFICE: | 657-661 Attercliffe Road

| Attercliffe

| Sheffield

| S9 3RE

| REGISTERED NUMBER: | 10323543 (England and Wales)

| ACCOUNTANTS: | Gibson Booth Limited

| 12 Victoria Road

| Barnsley

| South Yorkshire

| S70 2BB

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 133 |  | - |  |

133 |  | - |  |

CURRENT ASSETS

Stocks | 54,699 |  | 14,699 |  |

Debtors | 6 | 54,278 |  | 53,160 |  |

Cash at bank | 4,866 |  | 9,788 |  |

113,843 |  | 77,647 |  |

CREDITORS

Amounts falling due within one year | 7 | 61,144 |  | 27,474 |  |

NET CURRENT ASSETS | 52,699 |  | 50,173 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 52,832 |  | 50,173 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10 |  | 10 |  |

Capital redemption reserve | 20 |  | 20 |  |

Retained earnings | 52,802 |  | 50,143 |  |

SHAREHOLDERS' FUNDS | 52,832 |  | 50,173 |  |

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

BALANCE SHEET - continued

31ST DECEMBER 2024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 17th September 2025 and were signed by:

Mrs M Cooper - Director

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Sheffield Tooling Co Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

| Significant judgements and estimates

| No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

| There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

| Turnover from the sale of engineering tools is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2017, has been fully amortised.

| 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.

| Computer software are being amortised evenly over their estimated useful life of five years.

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Plant and machinery - 20% on cost

| Computer equipment - over 3 years

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

| 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.

| 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.

| 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 3 (2023 - 2 ) .

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

4. | INTANGIBLE FIXED ASSETS

| Computer |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024

| and 31st December 2024 | 8,995 |  | 12,000 |  | 20,995 |  |

| AMORTISATION

| At 1st January 2024

| and 31st December 2024 | 8,995 |  | 12,000 |  | 20,995 |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  | - |  | - |  |

| At 31st December 2023 | - |  | - |  | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 4,193 |  | 1,421 |  | 5,614 |  |

| Additions | - |  | 199 |  | 199 |  |

| Disposals | - |  | (1,421 | ) | (1,421 | ) |

| At 31st December 2024 | 4,193 |  | 199 |  | 4,392 |  |

| DEPRECIATION

| At 1st January 2024 | 4,193 |  | 1,421 |  | 5,614 |  |

| Charge for year | - |  | 66 |  | 66 |  |

| Eliminated on disposal | - |  | (1,421 | ) | (1,421 | ) |

| At 31st December 2024 | 4,193 |  | 66 |  | 4,259 |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  | 133 |  | 133 |  |

| At 31st December 2023 | - |  | - |  | - |  |

SHEFFIELD TOOLING CO LTD (REGISTERED NUMBER: 10323543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 1,269 |  | 1,894 |  |

| Amounts owed by group undertakings | 52,009 |  | 51,266 |  |

| Other debtors | 1,000 |  | - |  |

54,278 |  | 53,160 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 1,057 |  | 2,371 |  |

| Corporation tax | 10,489 |  | 9,232 |  |

| VAT | 3,011 |  | 773 |  |

| Other creditors | 13,000 |  | 13,000 |  |

| Directors' current accounts | 32,039 |  | 669 |  |

| Accruals and deferred income | 1,548 |  | 1,429 |  |

61,144 |  | 27,474 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 5 | A Ordinary | £1 | 5 |  | 5 |  |

| 5 | B Ordinary | £1 | 5 |  | 5 |  |

10 |  | 10 |  |