Company registration number 1654905 (England and Wales)
INDEPENDENT TOOL COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
INDEPENDENT TOOL COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
INDEPENDENT TOOL COMPANY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
100
100
Net current assets
100
100
Capital and reserves
Called up share capital
100
100

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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

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.

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

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

The financial statements were approved and signed by the director and authorised for issue on 3 December 2025
Mr A J Preece
Director
Company registration number 1654905 (England and Wales)
INDEPENDENT TOOL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Independent Tool Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7, Bamfurlong Industrial Park, Staverton, Cheltenham, Gloucestershire, United Kingdom, GL51 6SX.

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 company was dormant throughout the current year and previous year.

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

1.2
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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
30% on cost

Cost includes purchase cost and other costs directly attributable to making the asset capable of operating as intended.

Depreciation is charged from the month of acquisition at the above rates.

The net book values of the assets are regularly reviewed by the directors and further adjustments to carryin g values are made where considered appropriate.

1.3

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.

2
Employees

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

2025
2024
Number
Number
Total
2
2
INDEPENDENT TOOL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
1,563
Depreciation and impairment
At 1 April 2024 and 31 March 2025
1,563
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
100
100
5
Financial commitments, guarantees and contingent liabilities

As at 31 March 2025 the company had total guarantees, contingencies and commitments of £Nil (2024: £Nil).

6
Parent company

Ultimate control resides with A J Preece.

2025-03-31 2024-04-01 false false true CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A J Preece 1654905 2024-04-01 2025-03-31 1654905 2025-03-31 1654905 2024-03-31 1654905 core:ShareCapital 2025-03-31 1654905 core:ShareCapital 2024-03-31 1654905 bus:Director1 2024-04-01 2025-03-31 1654905 core:FurnitureFittings 2024-04-01 2025-03-31 1654905 2023-04-01 2024-03-31 1654905 core:OtherPropertyPlantEquipment 2024-03-31 1654905 core:OtherPropertyPlantEquipment 2025-03-31 1654905 core:OtherPropertyPlantEquipment 2024-03-31 1654905 core:CurrentFinancialInstruments 2024-03-31 1654905 bus:EntityNoLongerTradingButTradedInPast 2024-04-01 2025-03-31 1654905 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 1654905 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 1654905 bus:FRS102 2024-04-01 2025-03-31 1654905 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 1654905 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP