Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital and is incorporated in England and Wales, company number 02589750.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Prior period errors

Restatement to reflect customer discounts within turnover, which were included in cost of sales in the prior period. There is no profit effect to this adjustment.

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Turnover	-	(127,687)	-
Cost of sales	-	(127,687)	-

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Key sources of estimation uncertainty

Stock provisioning: Management must make estimates as to the recoverability of the cost of inventory and the associated provisions required. When calculating the provision, management considers the nature and condition of the inventory, as well as the last sale date, and applies assumptions around potential future usage of inventory based on furture sales orders along with recent purchases made.

Other provisions: In addition to stock, provision is made for dilapidations and bad debts. These provisions require management's best estimate of the costs that will be incurred based on legislative and contractual requirements, historical experience and trends..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 3

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Fittings, fixtures and equipment	20% straight line for fixtures and fittings, 33.3% straight line for computer equipment, 9 years straight line for mezzanine
Motor vehicles	25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer software	10 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

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 income statement 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 16).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2025	54,853	54,853
At 31 December 2025	54,853	54,853
Amortisation
At 1 January 2025	16,258	16,258
Amortisation charge	5,203	5,203
At 31 December 2025	21,461	21,461
Carrying amount
At 31 December 2025	33,392	33,392
At 31 December 2024	38,595	38,595

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	135,301	87,281	60,487	283,069
Additions	-	24,510	-	24,510
Disposals	-	-	(39,187)	(39,187)
At 31 December 2025	135,301	111,791	21,300	268,392
Depreciation
At 1 January 2025	109,768	70,105	58,686	238,559
Charge for the year	7,181	6,172	1,801	15,154
Eliminated on disposal	-	-	(39,187)	(39,187)
At 31 December 2025	116,949	76,277	21,300	214,526
Carrying amount
At 31 December 2025	18,352	35,514	-	53,866
At 31 December 2024	25,533	17,176	1,801	44,510

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	895,767	1,176,543

7

Debtors

	Note	2025 £	2024 £
Trade debtors		507,487	504,261
Amounts owed by related parties		-	142,937
Other debtors		25,035	-
Prepayments		90,899	66,953
		623,421	714,151

Stahlwille Tools Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	9	-	13,746
Trade creditors		45,438	52,795
Amounts owed to group companies		246,023	-
Taxation and social security		273,708	342,680
Accruals and deferred income		322,707	244,502
Other creditors		6,876	135,040
		894,752	788,763

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	13,746

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £421,875 (2024 - £481,909). Included within the annual commitment is rent of the office premises. The lease runs until 2029.

11	Audit opinion

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 7 May 2026 was Lucy Evans BSc BFP FCA, who signed for and on behalf of Stewart & Co Accountants LLP. This report has been prepared in connection with the audit of the full annual accounts and director's report. The director's report has not been filed.

12	Parent and ultimate parent undertaking

The company's immediate parent is Stahlwille Beteiligungen GmbH, incorporated in Germany.

The ultimate controlling shareholder of that undertaking is Stahwille Holding GmbH & Co.KG. The registered office is STAHLWILLE Eduard Wille GmbH & Co. KG, Wuppertal, Lindenallee 27, 42349 Wuppertal, Germany.