UK Planet Tools Limited

	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

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.

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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

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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

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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.

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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

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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.

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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.

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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

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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.

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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

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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)

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

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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

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	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

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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

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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

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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

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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.

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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).

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