Channel Tools Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Statement of Changes in Equity	5
Notes to the Financial Statements	6—11

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Accountants' Report

For The Year Ended 31 December 2025

Accountants' Report

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Channel Tools Limited For The Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Channel Tools Limited For The Year Ended 31 December 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

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

We have not been instructed to carry out an audit of the accounts of Channel Tools 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 financial statements.

Sterling Accounting Solutions Ltd

10/07/2026

Sterling Accounting Solutions Ltd

Chartered Accountants

SAS House

Chipperfield Road

Kings Langley

Hertfordshire

WD4 9JB

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Channel Tools Limited

Statement of Financial Position

As At 31 December 2025

Statement of Financial Position

Registered number: 07327815

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		64,232		112,061
Tangible Assets	5		1,901		2,063

			66,133		114,124
CURRENT ASSETS
Debtors	6	1,446,074		1,054,818
Cash at bank and in hand		347,658		287,963

		1,793,732		1,342,781
Creditors: Amounts Falling Due Within One Year	7	(2,058,703 )		(1,611,337 )

NET CURRENT ASSETS (LIABILITIES)			(264,971 )		(268,556 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(198,838 )		(154,432 )

NET LIABILITIES			(198,838 )		(154,432 )

CAPITAL AND RESERVES
Called up share capital	9		126		126
Income Statement			(198,964 )		(154,558 )

SHAREHOLDERS' FUNDS			(198,838)		(154,432)

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Channel Tools Limited

Statement of Financial Position (continued)

As At 31 December 2025

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

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

The director acknowledges his 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 Income Statement.

On behalf of the board

K Gupta

Director

10/07/2026

The notes on pages 6 to 11 form part of these financial statements.

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Channel Tools Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Income Statement	Total
	£	£	£
As at 1 January 2024	95	(108,246 )	(108,151)
Loss for the year and total comprehensive income	-	(46,312 )	(46,312)

Arising on shares issued during the period	31	-	31

As at 31 December 2024 and 1 January 2025	126	(154,558 )	(154,432)


Loss for the year and total comprehensive income	-	(44,406 )	(44,406)

As at 31 December 2025	126	(198,964 )	(198,838)

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Channel Tools Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Channel Tools Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07327815 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The company has full support from its Director and its group companies and therefore is deemed a going concern.

2.3. 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. The financial statements are prepared in pounds, which is the functional currency of the entity.

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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Development costs are amortised to income statement over its estimated economic life of 5 years.

Other intangible assets are website development. It is amortised to income statement over its estimated economic life of 3 years.

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Channel Tools Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Research and Development

Expenditure on research and development is written off in the year it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

• It is technically feasible to complete the intangible asset so that it will be available for use or sale;

• There is the intention to complete the intangible asset and use or sell it;

• There is the ability to use or sell the intangible asset;

• The use or sale of the intangible asset will generate probable future economic benefits;

• There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset;

• The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

2.6. 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:

Fixtures & Fittings	25% reducing balance
Computer Equipment	33% straight line

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Channel Tools Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.11. Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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Channel Tools Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.12. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount kbeing estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2025	403,880

As at 31 December 2025	403,880

Amortisation
As at 1 January 2025	291,819
Provided during the period	47,829

As at 31 December 2025	339,648

Net Book Value
As at 31 December 2025	64,232

As at 1 January 2025	112,061

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Channel Tools Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	279	2,153	2,432
Additions	-	786	786

As at 31 December 2025	279	2,939	3,218

Depreciation
As at 1 January 2025	23	346	369
Provided during the period	64	884	948

As at 31 December 2025	87	1,230	1,317

Net Book Value
As at 31 December 2025	192	1,709	1,901

As at 1 January 2025	256	1,807	2,063

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,034,310	456,388
Prepayments and accrued income	-	305,134
Other debtors	81,056	71,031
Deferred tax current asset	4,811	6,654
VAT	19,097	311
Amounts owed by group undertakings	306,800	215,300

	1,446,074	1,054,818

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	938,413	386,478
Other taxes and social security	351	267
Other creditors	1,822	1,302
Accruals and deferred income	400,395	506,579
Director's loan account	3,580	2,569
Amounts owed to group undertakings	714,142	714,142

	2,058,703	1,611,337

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Channel Tools Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	(6,654 )	(6,654)
Deferred taxation	1,843	1,843

Balance at 31 December 2025	(4,811 )	(4,811)

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
126 Ordinary Shares of £ 1.00 each	126	126

10. 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. At the statement of financial position date unpaid contributions of £161 (2024: £141) were due to the fund. They are included in Other Creditors.

11. Parent Undertaking and Controlling Party

The company's immediate and parent undertaking is Channel Tools Holdings Limited . Channel Tools Holdings Limited was incorporated in England and Wales.

The controlling party is Kewal Gupta who controls 75% of the shares of Channel Tools Holdings Limited.

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Director	K Gupta

Company Number	07327815

Registered Office	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB

Accountants	Sterling Accounting Solutions Ltd
	Chartered Accountants
	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB