Registration number: 02589750

Stahlwille Tools Limited

(Registration number: 02589750)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	38,595	44,040
Tangible assets	5	44,510	35,332
		83,105	79,372
Current assets
Stocks		1,176,543	1,120,124
Debtors	6	714,151	480,440
Cash at bank and in hand		988,165	1,179,863
		2,878,859	2,780,427
Creditors: Amounts falling due within one year	7	(788,763)	(892,696)
Net current assets		2,090,096	1,887,731
Total assets less current liabilities		2,173,201	1,967,103
Creditors: Amounts falling due after more than one year	7	-	(13,629)
Provisions for liabilities		(95,771)	(91,382)
Net assets		2,077,430	1,862,092
Capital and reserves
Called up share capital		40,000	40,000
Share premium reserve		380,336	380,336
Profit and loss account		1,657,094	1,441,756
Shareholders' funds		2,077,430	1,862,092

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

......................................... Mr P A Elliott Director

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital and is incorporated in England and Wales, company number 02589750.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Key sources of estimation uncertainty

Stock provisioning: Management must make estimates as to the recoverability of the cost of inventory and the associated provisions required. When calculating the provision, management considers the nature and condition of the inventory, as well as the last sale date, and applies assumptions around potential future usage of inventory based on furture sales orders along with recent purchases made.

Other provisions: In addition to stock, provision is made for dilapidations and bad debts. These provisions require management's best estimate of the costs that will be incurred based on legislative and contractual requirements, historical experience and trends..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Fittings, fixtures and equipment	20% straight line for fixtures and fittings, 33.3% straight line for computer equipment, 9 years straight line for mezzanine
Motor vehicles	25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer software	10 years straight line

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 15).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	54,853	54,853
At 31 December 2024	54,853	54,853
Amortisation
At 1 January 2024	10,813	10,813
Amortisation charge	5,445	5,445
At 31 December 2024	16,258	16,258
Carrying amount
At 31 December 2024	38,595	38,595
At 31 December 2023	44,040	44,040

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	128,085	67,836	60,487	256,408
Additions	7,216	19,445	-	26,661
At 31 December 2024	135,301	87,281	60,487	283,069
Depreciation
At 1 January 2024	101,916	67,836	51,324	221,076
Charge for the year	7,852	2,269	7,362	17,483
At 31 December 2024	109,768	70,105	58,686	238,559
Carrying amount
At 31 December 2024	25,533	17,176	1,801	44,510
At 31 December 2023	26,169	-	9,163	35,332

6

Debtors

	Note	2024 £	2023 £
Trade debtors		504,261	405,387
Amounts owed by related parties		142,937	6,131
Prepayments		66,953	68,922
		714,151	480,440

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Bank loans and overdrafts	8	13,746	7,134
Trade creditors		52,795	45,237
Amounts owed to group companies		-	12,140
Taxation and social security		342,680	343,286
Accruals and deferred income		244,502	254,253
Other creditors		135,040	230,646
		788,763	892,696

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Loans and borrowings	8	-	13,629

Creditors include hire purchase contracts which are secured of £13,746 (2023 - £20,763).

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	-	13,629

Current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	13,746	7,134

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £481,909 (2023 - £511,135). Included within the annual commitment is rent of the office premises. The lease runs until 2029.

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

10	Audit opinion

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 29 May 2025 was Lucy Evans BSc BFP FCA, who signed for and on behalf of Stewart & Co Accountants LLP. This report has been prepared in connection with the audit of the full annual accounts and director's report. The director's report has not been filed.

11	Parent and ultimate parent undertaking

The company's immediate parent is Stahlwille Beteiligungen GmbH, incorporated in Germany.

The ultimate controlling shareholder of that undertaking is Stahwille Holding GmbH & Co.KG. The registered office is STAHLWILLE Eduard Wille GmbH & Co. KG, Wuppertal, Lindenallee 27, 42349 Wuppertal, Germany.