Acorah Software Products - Accounts Production 16.5.460 false true true 26 February 2024 27 February 2023 false 5 December 2025 true 27 February 2024 26 February 2025 26 February 2025 07149901 B Hrytsayenko R Osborne true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07149901 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-02-26 07149901 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-02-26 07149901 2024-02-26 07149901 2025-02-26 07149901 2024-02-27 2025-02-26 07149901 frs-core:CurrentFinancialInstruments 2025-02-26 07149901 frs-core:Non-currentFinancialInstruments 2025-02-26 07149901 frs-core:BetweenOneFiveYears 2025-02-26 07149901 frs-core:ComputerEquipment 2025-02-26 07149901 frs-core:ComputerEquipment 2024-02-27 2025-02-26 07149901 frs-core:ComputerEquipment 2024-02-26 07149901 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-02-26 07149901 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-27 2025-02-26 07149901 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-26 07149901 frs-core:FurnitureFittings 2025-02-26 07149901 frs-core:FurnitureFittings 2024-02-27 2025-02-26 07149901 frs-core:FurnitureFittings 2024-02-26 07149901 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-26 07149901 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-27 2025-02-26 07149901 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-26 07149901 frs-core:MotorVehicles 2025-02-26 07149901 frs-core:MotorVehicles 2024-02-27 2025-02-26 07149901 frs-core:MotorVehicles 2024-02-26 07149901 frs-core:OtherResidualIntangibleAssets 2025-02-26 07149901 frs-core:OtherResidualIntangibleAssets 2024-02-27 2025-02-26 07149901 frs-core:OtherResidualIntangibleAssets 2024-02-26 07149901 frs-core:PlantMachinery 2025-02-26 07149901 frs-core:PlantMachinery 2024-02-27 2025-02-26 07149901 frs-core:PlantMachinery 2024-02-26 07149901 frs-core:WithinOneYear 2025-02-26 07149901 frs-core:OtherReservesSubtotal 2025-02-26 07149901 frs-core:ShareCapital 2025-02-26 07149901 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 2025-02-26 07149901 frs-core:RetainedEarningsAccumulatedLosses 2025-02-26 07149901 frs-bus:PrivateLimitedCompanyLtd 2024-02-27 2025-02-26 07149901 frs-bus:FullAccounts 2024-02-27 2025-02-26 07149901 frs-bus:MediumEntities 2024-02-27 2025-02-26 07149901 frs-bus:Audited 2024-02-27 2025-02-26 07149901 frs-bus:Medium-sizedCompaniesRegimeForAccounts 2024-02-27 2025-02-26 07149901 frs-bus:Medium-sizedCompaniesRegimeForDirectorsReport 2024-02-27 2025-02-26 07149901 frs-bus:OrdinaryShareClass1 2024-02-27 2025-02-26 07149901 frs-bus:OrdinaryShareClass1 2025-02-26 07149901 1 2024-02-27 2025-02-26 07149901 frs-core:DeferredTaxation 2024-02-27 2025-02-26 07149901 frs-core:DeferredTaxation 2024-02-26 07149901 frs-core:DeferredTaxation 2025-02-26 07149901 frs-bus:Director1 2024-02-27 2025-02-26 07149901 frs-bus:Director2 2024-02-27 2025-02-26 07149901 frs-countries:EnglandWales 2024-02-27 2025-02-26 07149901 frs-countries:EnglandWales 2024-02-27 2025-02-26 07149901 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-02-26 07149901 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-02-26 07149901 2023-02-26 07149901 2024-02-26 07149901 2023-02-27 2024-02-26 07149901 frs-core:CurrentFinancialInstruments 2024-02-26 07149901 frs-core:Non-currentFinancialInstruments 2024-02-26 07149901 frs-core:BetweenOneFiveYears 2024-02-26 07149901 frs-core:PlantMachinery 2023-02-27 2024-02-26 07149901 frs-core:WithinOneYear 2024-02-26 07149901 frs-core:OtherReservesSubtotal 2023-02-26 07149901 frs-core:OtherReservesSubtotal 2024-02-26 07149901 frs-core:ShareCapital 2023-02-26 07149901 frs-core:ShareCapital 2024-02-26 07149901 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27 2024-02-26 07149901 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-02-26 07149901 frs-core:RetainedEarningsAccumulatedLosses 2024-02-26 07149901 frs-bus:OrdinaryShareClass1 2023-02-27 2024-02-26
Registered number: 07149901
UK Planet Tools Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 26 February 2025
UK Planet Tools Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1—2
Directors' Report | 3
Independent Auditor's Report | 4—5
Profit and Loss Account | 6
Balance Sheet | 7
Statement of Changes in Equity | 8
Notes to the Financial Statements | 9—17

Page 1
UK Planet Tools Limited
Strategic Report
For The Year Ended 26 February 2025
Strategic Report
The directors present their strategic report for the year ended 26 February 2025.
Principal Activity
The principal activity of the company continues to be that of the wholesale of power tools and equipment.
Review of the Business
In the financial year 2025, UK Planet Tools Limited continued to build on the foundations laid in previous years, navigating an increasingly competitive market while capitalising on growth opportunities.
Market Conditions and Post-Pandemic Stability
The UK market has largely stabilised following the disruptions of the COVID-19 era. Consumer demand has remained steady, with purchasing behaviour now more predictable. While supply chain pressures have eased compared to prior years, global logistics challenges and inflationary trends still require proactive management.
Digital Transformation and E-Commerce Growth
Our digital transformation strategy has delivered strong results. The enhancements to our e-commerce platform and marketing initiatives have driven significant growth in online sales and customer engagement. Website traffic and conversion rates have improved markedly, reinforcing our position as a leading online supplier of power tools.
Operational Efficiency
The warehouse facility introduced an automated packaging machine which has delivered operational benefits. Streamlined logistics and reduced reliance on manual staff and has improved cost efficiency and service levels. These efficiencies have contributed to stronger margins and enhanced customer satisfaction.
Quality Management
Maintaining ISO 9001 certification remains a cornerstone of our commitment to quality. This focus on robust processes and customer service has strengthened trust and loyalty, supporting long-term growth.
Innovation and Product Development
The Tough Master range has seen further expansion, with new products launched to meet evolving customer needs. These innovations have been well received, driving sales growth and reinforcing our reputation for quality and reliability.
Financial Performance
Despite ongoing market challenges, the company delivered a strong financial performance:

Financial KPIs | Unit | 2025 | 2024 |
Sales | £m | 51.1 | 42.8 |
Gross Profit | £m | 7.8 | 6.3 |

Growth in both sales and gross profit reflects the success of our digital strategy, operational efficiencies, and product innovation.
Principal Risks and Uncertainties

- Supply Chain Resilience: Continued diversification of sourcing and strong supplier relationships mitigate potential disruptions.
- Technological Advancements: Ongoing investment in technology ensures we remain competitive and responsive to market trends.
- Cybersecurity: We maintain robust security protocols, including advanced encryption and continuous monitoring, to protect customer data and business systems.

Page 1
Page 2
UK Planet Tools Limited
Strategic Report (continued)
For The Year Ended 26 February 2025
Future Developments
The strategic initiatives implemented over recent years have positioned UK Planet Tools Limited for sustainable growth. Our focus on digital transformation, operational excellence, and product innovation will remain central to our strategy. Looking ahead, we aim to further strengthen our market share, enhance customer experience, and deliver consistent profitability.
On behalf of the board

R Osborne Director
5 December 2025

Page 2
Page 3
UK Planet Tools Limited
Company No. 07149901
Directors' Report For The Year Ended 26 February 2025
Directors' Report
The directors present their report and the financial statements for the year ended 26 February 2025.
Directors
The directors who held office during the year were as follows:

B Hrytsayenko
R Osborne

Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board

R Osborne Director
5 December 2025

Page 3
Page 4
Independent Auditor's Report
to the Members of
UK Planet Tools Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of UK Planet Tools Limited for the year ended 26 February 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 26 February 2025 and of its profit/(loss) for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records or returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Page 4
Page 5
Independent Auditor's Report (continued)
to the Members of
UK Planet Tools Limited
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We evaluated the director's and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to the posting of manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in the treatment of supplier rebate provisions.
Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements.
Our audit procedures included but were not limited to:
• discussing with the directors and management their policies and procedures regarding compliance with laws and regulations;
• communicating identified laws and regulations throughout our engagement team and remaining alert to any indication of non-compliance throughout our audit; and
• considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.
Our audit procedures in relation to fraud included but were not limited to;
• making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
• gaining an understanding of the internal controls established to mitigate risks related to fraud;
• discussing amongst the engagement team the risks of fraud; and
• addressing the risk of fraud through management override of controls by performing journal entry testing.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

K R Witchell (Senior Statutory Auditor) for and on behalf of KRW Accountants Ltd , Statutory Auditor
5 December 2025

Page 5
Page 6
UK Planet Tools Limited
Profit and Loss Account
For The Year Ended 26 February 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 50,549,750 |  | 42,863,210
Cost of sales |  | (44,670,739 ) |  | (36,516,793 )
GROSS PROFIT |  | 5,879,011 |  | 6,346,417
Administrative expenses |  | (6,207,973 ) |  | (6,301,026 )
Other operating income |  | 563,272 |  | 98,400
OPERATING PROFIT | 5 | 234,310 |  | 143,791
Loss on disposal of fixed assets |  | (6,689 ) |  | -
Other interest receivable and similar income | 10 | 300,002 |  | 62,579
Interest payable and similar charges | 11 | (169,441 ) |  | (151,060 )
PROFIT BEFORE TAXATION |  | 358,182 |  | 55,310
Tax on Profit | 12 | (96,670 ) |  | (10,529 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 261,512 |  | 44,781

The notes on pages 9 to 17 form part of these financial statements.
Page 6
Page 7
UK Planet Tools Limited
Balance Sheet
As At 26 February 2025
Balance Sheet
Registered number: 07149901

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 13 |  | 481,287 |  | 111,637
Tangible Assets | 14 |  | 988,135 |  | 271,024
|  |  | 1,469,422 |  | 382,661
CURRENT ASSETS
Stocks | 15 | 6,038,542 |  | 5,719,355 |
Debtors | 16 | 6,259,346 |  | 6,145,845 |
Cash at bank and in hand |  | 151,833 |  | 489,195 |
|  | 12,449,721 |  | 12,354,395 |
Creditors: Amounts Falling Due Within One Year | 17 | (6,786,953 ) |  | (5,847,461 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 5,662,768 |  | 6,506,934
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 7,132,190 |  | 6,889,595
Creditors: Amounts Falling Due After More Than One Year | 18 |  | (758,311 ) |  | (798,105 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 21 |  | (223,814 ) |  | (58,493 )
NET ASSETS |  |  | 6,150,065 |  | 6,032,997
CAPITAL AND RESERVES
Called up share capital | 23 |  | 100 |  | 100
Other reserves |  |  | 3,780,000 |  | 3,780,000
Profit and Loss Account |  |  | 2,369,965 |  | 2,252,897
SHAREHOLDERS' FUNDS |  |  | 6,150,065 |  | 6,032,997

On behalf of the board

R Osborne Director
5 December 2025

The notes on pages 9 to 17 form part of these financial statements.
Page 7
Page 8
UK Planet Tools Limited
Statement of Changes in Equity
For The Year Ended 26 February 2025
Statement of Changes in Equity

| Share Capital | Other reserves | Profit and Loss Account | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
As at 27 February 2023 | 100 | 3,780,000 | 2,208,116 | 5,988,216
Profit for the year and total comprehensive income | - | - | 44,781 | 44,781
As at 26 February 2024 and 27 February 2024 | 100 | 3,780,000 | 2,252,897 | 6,032,997
Profit for the year and total comprehensive income | - | - | 261,512 | 261,512
Dividends paid | - | - | (144,444) | (144,444)
As at 26 February 2025 | 100 | 3,780,000 | 2,369,965 | 6,150,065

Page 8
Page 9
UK Planet Tools Limited
Notes to the Financial Statements
For The Year Ended 26 February 2025
Notes to the Financial Statements
1. General Information
UK Planet Tools Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07149901 . The registered office is Henge Barn, Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. In arriving at this conclusion the director has considered the profit and cashflow forecasts of the company under a range of scenarios, alongside consideration of the cash availiable to the company and the potential support from within the group and associated comapanies.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured.Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control of the goods;
- the amount of turnover can be reliably measured; and
- it is probable that the company will receive the consideration due under the transaction.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are for expenditure on Enterprise Resource Planning (ERP) software. It is amortised to the profit and loss account over its estimated economic life of 3 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 25% straight line
Plant & Machinery | 25%- 4 Year Straight Line
Motor Vehicles | 20%- 5 Year Straight Line
Fixtures & Fittings | 20%- 5 Year Straight Line
Office Equipment | 33% straight line

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses
2.8. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 9
Page 10
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
2.9. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
2.10. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.11. 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 profit and loss account 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.
3. Turnover
Analysis of turnover by class of business is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other revenue | - |  | 5,555
Sale of goods | 50,549,750 |  | 42,857,655
| 50,549,750 |  | 42,863,210

4. Other Operating Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other operating income | 563,272 |  | 98,400
| 563,272 |  | 98,400

Page 10
Page 11
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
5. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | 65,681 |  | -
Depreciation of tangible fixed assets | 126,132 |  | 108,738
Amortisation of intangible fixed assets | 67,094 |  | 37,926
Profit on disposal of tangible fixed assets | - |  | (70 )

6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 27,000 |  | 24,000

7. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 1,617,526 |  | 1,513,413
Social security costs | 183,987 |  | 146,868
Other pension costs | 38,575 |  | 33,348
| 1,840,088 |  | 1,693,629

8. Average Number of Employees
Average number of employees, including directors, during the year was: 55 (2024: 47)
55 47
9. Directors' remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 136,808 |  | 122,667
Company contributions to money purchase pension schemes | 3,219 |  | -
| 140,027 |  | 122,667

10. Interest Receivable and Similar Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 2 |  | -
Other interest receivable | 300,000 |  | 62,579
| 300,002 |  | 62,579

Page 11
Page 12
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
11. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 123,237 |  | 52,323
Interest payable on other loans | - |  | 93,000
Finance charges payable under finance leases and hire purchase contracts | 15,240 |  | 2,347
Foreign exchange charges | 30,964 |  | -
Loss on derivative financial instruments | - |  | 3,390
| 169,441 |  | 151,060

12. Tax on Profit

The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | - |  | -
Prior period adjustment | (68,651 ) |  | -
| (68,651 ) |  | -
Deferred Tax
Origination and reversal of timing differences | 165,321 |  | 10,529
Total tax charge for the period | 96,670 |  | 10,529
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2025 |  | 2024
| £ |  | £
Profit before tax | 358,182 |  | 55,310
Tax on profit at 25% (UK standard rate) | 89,546 |  | 12,958
Goodwill/depreciation not allowed for tax | 30,539 |  | 36,649
Expenses not deductible for tax purposes | 1,401 |  | 1,543
Tax losses utilised | 61,234 |  | (46,855 )
Capital allowances | (177,590 ) |  | (4,295 )
Short term timing differences | (5,130 ) |  | -
Prior period adjustment | (68,651 ) |  | -
Deferred tax from unrecognised tax loss or credit | 165,321 |  | 10,529
Total tax charge for the period | 96,670 |  | 10,529

Page 12
Page 13
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
13. Intangible Assets

| Other | Website Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 27 February 2024 | - | 157,366 | 157,366
Additions | 285,900 | 150,844 | 436,744
As at 26 February 2025 | 285,900 | 308,210 | 594,110
Amortisation
As at 27 February 2024 | - | 45,729 | 45,729
Provided during the period | - | 67,094 | 67,094
As at 26 February 2025 | - | 112,823 | 112,823
Net Book Value
As at 26 February 2025 | 285,900 | 195,387 | 481,287
As at 27 February 2024 | - | 111,637 | 111,637

14. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 27 February 2024 | - | 85,766 | 68,671 | 660,931
Additions | 11,217 | 740,455 | 75,346 | 43,018
Disposals | - | - | (34,079 ) | -
Transfers | 85,766 | 31,211 | - | (294,274 )
As at 26 February 2025 | 96,983 | 857,432 | 109,938 | 409,675
Depreciation
As at 27 February 2024 | - | 28,490 | 2,158 | 513,696
Provided during the period | 22,376 | 31,712 | 18,679 | 40,460
Disposals | - | - | 3,976 | -
Transfers | 28,490 | 49,291 | - | (236,879 )
As at 26 February 2025 | 50,866 | 109,493 | 24,813 | 317,277
Net Book Value
As at 26 February 2025 | 46,117 | 747,939 | 85,125 | 92,398
As at 27 February 2024 | - | 57,276 | 66,513 | 147,235

Page 13
Page 14
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025

| Office Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 27 February 2024 | - | 815,368
Additions | 11,260 | 881,296
Disposals | - | (34,079 )
Transfers | 177,298 | 1
As at 26 February 2025 | 188,558 | 1,662,586
Depreciation
As at 27 February 2024 | - | 544,344
Provided during the period | 12,904 | 126,131
Disposals | - | 3,976
Transfers | 159,098 | -
As at 26 February 2025 | 172,002 | 674,451
Net Book Value
As at 26 February 2025 | 16,556 | 988,135
As at 27 February 2024 | - | 271,024

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Plant & Machinery | 733,313 |  | -

15. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 6,038,542 |  | 5,719,355

16. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,461,482 |  | 1,392,790
Amounts owed by group undertakings | 154,965 |  | 591,732
Other debtors | 4,642,899 |  | 4,161,323
| 6,259,346 |  | 6,145,845

Page 14
Page 15
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
17. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 154,347 |  | 11,498
Trade creditors | 4,706,933 |  | 4,517,837
Bank loans and overdrafts | 1,098,245 |  | 164,091
Other loans | - |  | 309,824
Amounts owed to group undertakings | 20,610 |  | 86,983
Other creditors | 430,376 |  | 330,367
Corporation tax | - |  | 181,456
Taxation and social security | 349,442 |  | 29,152
Accruals and deferred income | 27,000 |  | 216,253
| 6,786,953 |  | 5,847,461

18. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 560,129 |  | 20,975
Bank loans | 198,182 |  | 372,273
Other loans | - |  | 404,857
| 758,311 |  | 798,105

19. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 169,091 |  | 164,091
Other loans | - |  | 309,824
| 169,091 |  | 473,915

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 198,182 |  | 372,273
Other loans | - |  | 404,857
| 198,182 |  | 777,130

20. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 154,347 |  | 11,498
Later than one year and not later than five years | 560,129 |  | 20,975
| 714,476 |  | 32,473
| 714,476 |  | 32,473

Page 15
Page 16
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
21. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 223,814 |  | 58,493

22. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 27 February 2024 | 58,493 | 58,493
Additions | 165,321 | 165,321
Balance at 26 February 2025 | 223,814 | 223,814

23. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

24. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 226,997 |  | -
Later than one year and not later than five years | 349,091 |  | -
| 576,088 |  | -

25. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to profit or loss in respect of defined contribution schemes was £38,575 (2024: £33,348).
At the balance sheet date contributions of £7,428 (2024: £6,796) were due to fund and are included in creditors.
26. Reserves
Share capital
This represents the nominal value of ordinary shares that have been issued by the company and which is classified as equity instruments.
Profit and Loss Account
This reserve comprises all current and prior retained profits and losses after deducting any distributions made to the shareholders.
Other reserves
This reserve comprises of amounts commited to reserves by the parent company.
Page 16
Page 17
UK Planet Tools Limited
Notes to the Financial Statements (continued)
For The Year Ended 26 February 2025
27. Related Party Disclosures
Ross Osborne Properties Limited
A company in which the director has an interest.
UK Planet Tools Limited has lent Ross Osborne Properties Limited £370,610 (2024: £352,610), this was outstanding at the year end and included within Other debtors. There is no interest charged on the loan. The loan is repayable on demand.
28. Controlling Parties
The company's immediate parent undertaking is Ross Osborne Group Limited .
The ultimate parent undertaking is Ross Osborne Group Limited (incorporated in England & Wales).
Copies of the group accounts may be obtained from the company's registered office.
29. Bank Borrowings and Security
The company has banking facilities with Lloyds Bank PLC. These facilities are secured by:
• a fixed charge and negative pledge created on 1 February 2019; and
• a fixed and floating charge, including a floating charge over all the undertaking and assets of the company, also created on 1 February 2019, which additionally contains a negative pledge.
The charges remain outstanding at the year end.
The total amount outstanding to Lloyds Bank PLC under these facilities at the year end was £1,301,117 (2024: £536,364).
Page 17