REGISTERED NUMBER: 14266932 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WYKEN TOOLS HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G V McDonald

Miss M A McDonald

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

14266932 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

533,681

610,054

Investments

5

4,345,273

4,340,273

4,878,954

4,950,327

CURRENT ASSETS

Debtors

6

1,256,787

268,473

Cash at bank

149,967

5,756

1,406,754

274,229

CREDITORS

Amounts falling due within one year

7

890,993

67,830

NET CURRENT ASSETS

515,761

206,399

TOTAL ASSETS LESS CURRENT LIABILITIES

5,394,715

5,156,726

CREDITORS

Amounts falling due after more than one year

8

2,500,000

3,500,000

NET ASSETS

2,894,715

1,656,726

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,894,615

1,656,626

SHAREHOLDERS' FUNDS

2,894,715

1,656,726

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 23 September 2025 and were signed on its behalf by:

G V McDonald - Director

1.	STATUTORY INFORMATION

Wyken Tools Holdings 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.

Preparation of consolidated financial statements

The financial statements contain information about Wyken Tools Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

50% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

575,795

89,913

1,620

667,328

DEPRECIATION

At 1 January 2024

43,184

13,482

608

57,274

Charge for year

57,579

17,983

811

76,373

At 31 December 2024

100,763

31,465

1,419

133,647

NET BOOK VALUE

At 31 December 2024

475,032

58,448

201

533,681

At 31 December 2023

532,611

76,431

1,012

610,054

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

4,340,273

Additions

5,000

At 31 December 2024

4,345,273

NET BOOK VALUE

At 31 December 2024

4,345,273

At 31 December 2023

4,340,273

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Wyken Tools Limited

Registered office: 1110 Elliott Court, Coventry Business Park, Herald Avenue, Coventry, West Midlands, CV5 6UB, United Kingdom

Nature of business: Manufacture of CNC machined parts

%

Class of shares:

holding

Ordinary

100.00

GLM Investments Limited

Registered office: 1110 Elliott Court, Coventry Business Park, Herald Avenue, Coventry, West Midlands, CV5 6UB, United Kingdom

Nature of business: Investment company

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,256,787

268,473

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

26,454

4,937

VAT

2,000

-

Directors' current accounts

858,470

62,394

Accrued expenses

4,069

499

890,993

67,830

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

2,500,000

3,500,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

45

Ordinary

£1.00

45

45

45

A Ordinary

£1.00

45

45

10

B Ordinary

£1.00

10

10

100

100

On 3 April 2023 there was a reorganisation of the share capital to create 45 A Ordinary shares of £1.00, 10 B Ordinary shares of £1.00, and 5,000,000 Preference shares with a fixed dividend that are now regarded as other creditors.