REGISTERED NUMBER: 02884925 (England and Wales)

TOOLMONKEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Neaves

SECRETARY:

Ms G A Neaves

REGISTERED OFFICE:

Unit 9

Clipstone Brook Industrial Estate

Cherrycourt Way

Leighton Buzzard

Bedfordshire

LU7 4GP

REGISTERED NUMBER:

02884925 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

94,843

124,827

Investments

5

1,250

1,250

96,093

126,077

CURRENT ASSETS

Stocks

890,562

1,244,223

Debtors

6

298,082

274,099

Cash at bank

233,998

337,763

1,422,642

1,856,085

CREDITORS

Amounts falling due within one year

7

775,083

1,116,231

NET CURRENT ASSETS

647,559

739,854

TOTAL ASSETS LESS CURRENT LIABILITIES

743,652

865,931

CREDITORS

Amounts falling due after more than one year

8

(3,152

)

(12,940

)

PROVISIONS FOR LIABILITIES

9

(22,922

)

(30,245

)

NET ASSETS

717,578

822,746

CAPITAL AND RESERVES

Called up share capital

10

230

230

Retained earnings

717,348

822,516

SHAREHOLDERS' FUNDS

717,578

822,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2025 and were signed by:

D Neaves - Director

1.	STATUTORY INFORMATION

Toolmonkey 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% 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 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.

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 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 February 2024

284,715

15,740

212,996

513,451

Additions

-

-

1,630

1,630

At 31 January 2025

284,715

15,740

214,626

515,081

DEPRECIATION

At 1 February 2024

185,938

15,353

187,333

388,624

Charge for year

24,694

97

6,823

31,614

At 31 January 2025

210,632

15,450

194,156

420,238

NET BOOK VALUE

At 31 January 2025

74,083

290

20,470

94,843

At 31 January 2024

98,777

387

25,663

124,827

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

1,250

NET BOOK VALUE

At 31 January 2025

1,250

At 31 January 2024

1,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

77,282

74,562

Other debtors

220,800

199,537

298,082

274,099

.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

206,604

360,393

Trade creditors

505,583

697,763

Other creditors

4,031

12,701

Corporation tax

(19,837

)

19,985

Social security and other taxes

10,641

17,760

VAT

56,438

-

Directors' current accounts

3,439

739

Accrued expenses

8,184

6,890

775,083

1,116,231

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

3,152

10,653

Bank loans - 2-5 years

-

2,287

3,152

12,940

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

22,922

30,245

Deferred

tax

£

Balance at 1 February 2024

30,245

Credit to Income Statement during year

(7,323

)

Accelerated capital allowances

Balance at 31 January 2025

22,922

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

30

B Ordinary

£1

30

30

230

230