REGISTERED NUMBER: 02407081 (England and Wales)

TOOLS OF THE TRADE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr P.L. Grummitt

Mrs F. Guest

Mrs. R.I. Armstrong

Mr H.P. Grummitt

SECRETARY:

Miss M L Jones

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

REGISTERED NUMBER:

02407081 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

HSBC Bank Plc

47 High Street

Bromsgrove

Worcestershire

B61 8AW

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tools of The Trade Limited for the year ended 31 August 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tools of The Trade Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tools of The Trade Limited and state those matters that we have agreed to state to the Board of Directors of Tools of The Trade Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tools of The Trade Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tools of The Trade Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tools of The Trade Limited. You consider that Tools of The Trade Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tools of The Trade Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

21 May 2026

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

71,019

92,403

Investments

6

625

440

71,644

92,843

CURRENT ASSETS

Stocks

1,467,435

1,380,389

Debtors

7

1,586,236

1,612,335

Cash at bank and in hand

324,885

586,832

3,378,556

3,579,556

CREDITORS

Amounts falling due within one year

8

535,046

472,376

NET CURRENT ASSETS

2,843,510

3,107,180

TOTAL ASSETS LESS CURRENT LIABILITIES

2,915,154

3,200,023

CREDITORS

Amounts falling due after more than one year

9

-

(836

)

PROVISIONS FOR LIABILITIES

-

(6,132

)

NET ASSETS

2,915,154

3,193,055

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

2,914,054

3,191,955

SHAREHOLDERS' FUNDS

2,915,154

3,193,055

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

Mr P.L. Grummitt - Director

1.	STATUTORY INFORMATION

Tools of The Trade 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of goods and services, excluding value added tax.

Intangible fixed assets

Intangible assets, relating to the purchase of a brand in 2016, is being amortised on a straight line basis over five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Software website development

-

33% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

61,130

Disposals

(61,130

)

At 31 August 2025

-

AMORTISATION

At 1 September 2024

61,130

Eliminated on disposal

(61,130

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Software

Fixtures

website

Plant and

and

development

machinery

fittings

£

£

£

COST

At 1 September 2024

80,509

297,994

206,688

Additions

-

-

2,589

Disposals

-

(5,206

)

(9,327

)

At 31 August 2025

80,509

292,788

199,950

DEPRECIATION

At 1 September 2024

64,689

284,183

186,471

Charge for year

15,820

8,948

9,506

Eliminated on disposal

-

(5,206

)

(9,327

)

At 31 August 2025

80,509

287,925

186,650

NET BOOK VALUE

At 31 August 2025

-

4,863

13,300

At 31 August 2024

15,820

13,811

20,217

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

113,177

241,153

939,521

Additions

30,913

3,670

37,172

Disposals

-

-

(14,533

)

At 31 August 2025

144,090

244,823

962,160

DEPRECIATION

At 1 September 2024

86,549

225,226

847,118

Charge for year

16,177

8,105

58,556

Eliminated on disposal

-

-

(14,533

)

At 31 August 2025

102,726

233,331

891,141

NET BOOK VALUE

At 31 August 2025

41,364

11,492

71,019

At 31 August 2024

26,628

15,927

92,403

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2024

440

Revaluations

185

At 31 August 2025

625

NET BOOK VALUE

At 31 August 2025

625

At 31 August 2024

440

Fixed asset investments consist of listed shares and are valued at their year-end fair value.

The historic cost of these investments were £455.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

838,604

769,718

Amounts owed by group undertakings

563,756

723,789

Other debtors

183,876

118,828

1,586,236

1,612,335

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

208,528

120,566

Taxation and social security

33,109

42,434

Other creditors

293,409

309,376

535,046

472,376

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

836

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Mr H.P. Grummitt

Balance outstanding at start of year

35,075

28,401

Amounts advanced

2,668

6,674

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

37,743

35,075

11.	RELATED PARTY DISCLOSURES

The company occupies premises owned by its parent company, 3Ts Top Tool Trading Company Limited. During the year, the company was charged rent on these premises of £180,000 (2024: £261,000).

At the balance sheet date, the company was owed £563,756 (2024: £723,789) by 3Ts Top Tool Trading Company Limited.

Interest of £773 (2024: £661) was charged to the directors in respect of their director's loans.