JT HANDTOOLS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07801093

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		29,342		35,566
Tangible Assets	5		92,495		127,622

			121,837		163,188
CURRENT ASSETS
Stocks	6	73,018		74,614
Debtors	7	104,344		140,523
Cash at bank and in hand		22,090		52,561

		199,452		267,698
Creditors: Amounts Falling Due Within One Year	8	(261,731 )		(271,498 )

NET CURRENT ASSETS (LIABILITIES)			(62,279 )		(3,800 )

TOTAL ASSETS LESS CURRENT LIABILITIES			59,558		159,388

Creditors: Amounts Falling Due After More Than One Year	9		-		(22,145 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,424 )		(8,098 )

NET ASSETS			58,134		129,145

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and Loss Account			57,134		128,145

SHAREHOLDERS' FUNDS			58,134		129,145

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JT HANDTOOLS LIMITED

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R T Vaughan

Director

1 July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

JT HANDTOOLS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07801093 . The registered office is 1a Shepcote Lane, Sheffield, S9 1US.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are development costs and computer 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.

No depreciation has been charged in respect of the freehold property as the value shown is a reasonable valuation of the asset

Depreciation is provided on a reducing balance basis on an annual basis at the rates below.

Freehold	0%
Plant & Machinery	15%
Motor Vehicles	25%
Fixtures & Fittings	15%

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.

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JT HANDTOOLS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 November 2024	28,897	18,103	47,000

As at 31 October 2025	28,897	18,103	47,000

Amortisation
As at 1 November 2024	-	11,434	11,434
Provided during the period	2,890	3,334	6,224

As at 31 October 2025	2,890	14,768	17,658

Net Book Value
As at 31 October 2025	26,007	3,335	29,342

As at 1 November 2024	28,897	6,669	35,566

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 November 2024	85,000	31,849	87,656	10,619	215,124
Disposals	-	-	(59,090 )	-	(59,090 )

As at 31 October 2025	85,000	31,849	28,566	10,619	156,034

Depreciation
As at 1 November 2024	-	29,784	49,618	8,100	87,502

...CONTINUED

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JT HANDTOOLS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Provided during the period	-	310	8,818	378	9,506
Disposals	-	-	(33,469 )	-	(33,469 )

As at 31 October 2025	-	30,094	24,967	8,478	63,539

Net Book Value
As at 31 October 2025	85,000	1,755	3,599	2,141	92,495

As at 1 November 2024	85,000	2,065	38,038	2,519	127,622

6. Stocks

	2025	2024
	£	£
Stock	73,018	74,614

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	90,577	133,135
Other debtors	13,767	7,388

	104,344	140,523

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	9,324
Trade creditors	41,979	38,843
Other creditors	167,750	150,777
Taxation and social security	52,002	72,554

	261,731	271,498

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	22,145

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	9,324
Later than one year and not later than five years	-	22,145

	-	31,469

	-	31,469

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JT HANDTOOLS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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