Company registration number 00682792 (England and Wales)
TOOLPAK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
TOOLPAK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
TOOLPAK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
75,398
780,176
Current assets
Stocks
1,487,692
1,547,555
Debtors
4
775,557
5,222,406
Cash at bank and in hand
654,873
517,400
2,918,122
7,287,361
Creditors: amounts falling due within one year
5
(637,761)
(556,116)
Net current assets
2,280,361
6,731,245
Total assets less current liabilities
2,355,759
7,511,421
Provisions for liabilities
(18,544)
(6,560)
Net assets
2,337,215
7,504,861
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss reserves
2,287,215
7,454,861
Total equity
2,337,215
7,504,861

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 July 2026 and are signed on its behalf by:
Mr M J Ellison
Mr D W Cheetham
Director
Director
Company registration number 00682792 (England and Wales)
TOOLPAK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Toolpak Limited is a private company limited by shares incorporated in England and Wales. The registered office is Rhosddu Industrial Estate, Wrexham, Wrexham CB, LL11 4YL.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Fixtures and fittings
33% on cost, 20% on cost and 25% reducing balance
Motor vehicles
25% reducing balance
TOOLPAK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

TOOLPAK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.8
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

TOOLPAK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
22
22
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025
1,330,177
350,588
16,696
1,697,461
Additions
15,262
62,781
-
0
78,043
Disposals
(1,345,439)
-
0
-
0
(1,345,439)
At 31 March 2026
-
0
413,369
16,696
430,065
Depreciation and impairment
At 1 April 2025
577,734
325,701
13,850
917,285
Depreciation charged in the year
23,463
14,409
707
38,579
Eliminated in respect of disposals
(601,197)
-
0
-
0
(601,197)
At 31 March 2026
-
0
340,110
14,557
354,667
Carrying amount
At 31 March 2026
-
0
73,259
2,139
75,398
At 31 March 2025
752,443
24,887
2,846
780,176
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
668,502
860,802
Other debtors
107,055
4,361,604
775,557
5,222,406
TOOLPAK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
62,633
49,713
Corporation tax
183,941
119,374
Other taxation and social security
177,973
191,205
Other creditors
213,214
195,824
637,761
556,116
6
Securities

A legal mortgage charge was registered against the company on 1 August 1979 held against the freehold land situated at Rhosddu Industrial Estate, Wrexham, LL11 4YL. This charge was fully satisfied on 2 March 2026.

A single debenture charge was registered against the company on 8 September 1980. A fixed and floating charge on undertaking on all property and assets, present and future including goodwill and uncalled capital. Together with fixed and moveable plant, machinery, fixtures, implements and utensils.

A legal charge was registered against the company on 29 October 2024 by way of second ranking legal mortgage (behind the above mortgage and debenture) held against the freehold property known as Rhosddu Industrial Estate, Wrexham, LL11 4YL. With a second ranking fixed charge over all other assets (other than book debts and bank account). The charge contains a fixed and floating charge. Floating charge covers all the property or undertaking of the company. The charge contains a negative pledge. This charge was fully satisfied on 6 March 2026.

A legal charge was registered against the company on 24 February 2025 held against unregistered freehold land situated at Rhosddu Industrial Estate, Wrexham, LL14 4YL. The charge contains fixed and floating charge. Floating charge covers all the property or undertaking of the company. The charge contains a negative pledge.

A legal charge was registered against the company on 10 February 2026 by Lloyds Bank PLC. The charge contains fixed charge(s) and a negative pledge.

TOOLPAK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
1,105,228
40,996
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchase of services in the year
2026
2025
£
£
Entities with control, joint control or significant influence over the company
29,435
-
2026
2025
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
21,498
-

The following amounts were outstanding at the reporting end date:

Other information

Loan to Parent Company

As part of the acquisition of the company share capital undertaken in the previous year, Toolpak Limited made an unsecured loan of £4,500,000 to TP Newco 2024 Limited, it's parent company. The funds for the loan were sourced from the existing cash reserves held by Toolpak Limited and were used by TP Newco 2024 Limited to fund part of the consideration payable for the acquisition. The loan is interest free and repayable on demand.

The loan balance as at 1st April was £4,300,00. As at 31st March 2026 the balance of this loan had redcued to £50,000.

9
Parent company

The immediate parent undertaking and ultimate controlling party is TP Newco 2024 Limited, a company incorporated in the United Kingdom.

2026-03-31 2025-04-01 false false false 20 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr C Howlett Mr M J Ellison Mr D W Cheetham Mr C Howlett 00682792 2025-04-01 2026-03-31 00682792 2026-03-31 00682792 2025-03-31 00682792 core:LandBuildings core:OwnedOrFreeholdAssets 2026-03-31 00682792 core:FurnitureFittings 2026-03-31 00682792 core:MotorVehicles 2026-03-31 00682792 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 00682792 core:FurnitureFittings 2025-03-31 00682792 core:MotorVehicles 2025-03-31 00682792 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 00682792 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00682792 core:WithinOneYear 2026-03-31 00682792 core:WithinOneYear 2025-03-31 00682792 core:CurrentFinancialInstruments 2026-03-31 00682792 core:CurrentFinancialInstruments 2025-03-31 00682792 core:ShareCapital 2026-03-31 00682792 core:ShareCapital 2025-03-31 00682792 core:RetainedEarningsAccumulatedLosses 2026-03-31 00682792 core:RetainedEarningsAccumulatedLosses 2025-03-31 00682792 bus:Director1 2025-04-01 2026-03-31 00682792 bus:Director2 2025-04-01 2026-03-31 00682792 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 00682792 core:FurnitureFittings 2025-04-01 2026-03-31 00682792 core:MotorVehicles 2025-04-01 2026-03-31 00682792 2024-04-01 2025-03-31 00682792 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 00682792 core:FurnitureFittings 2025-03-31 00682792 core:MotorVehicles 2025-03-31 00682792 2025-03-31 00682792 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2026-03-31 00682792 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 00682792 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 00682792 bus:FRS102 2025-04-01 2026-03-31 00682792 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 00682792 bus:Director3 2025-04-01 2026-03-31 00682792 bus:CompanySecretary1 2025-04-01 2026-03-31 00682792 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP