REGISTERED NUMBER: 13629795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GROUNDSMAN TOOLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Wilson

Mr L Wilson

REGISTERED OFFICE:

Prospect House Unit 4

Old Station Close

Loughborough

Leicestershire

LE12 9NJ

REGISTERED NUMBER:

13629795 (England and Wales)

FIXED ASSETS

Intangible assets

4

46,373

55,802

Tangible assets

5

16,496

24,521

62,869

80,323

CURRENT ASSETS

Stocks

362,388

347,913

Debtors

6

97,316

123,423

Cash at bank and in hand

106,257

97,974

565,961

569,310

CREDITORS

Amounts falling due within one year

7

386,901

450,885

NET CURRENT ASSETS

179,060

118,425

TOTAL ASSETS LESS CURRENT LIABILITIES

241,929

198,748

PROVISIONS FOR LIABILITIES

4,124

6,130

NET ASSETS

237,805

192,618

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

236,805

191,618

237,805

192,618

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2026 and were signed on its behalf by:

Mr L Wilson - Director

1.	STATUTORY INFORMATION

Groundsman Tools 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised on the dispatch of goods when the rights and rewards of ownership are deemed to have been transferred.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

77,398

8,448

85,846

AMORTISATION

At 1 January 2025

25,154

4,890

30,044

Charge for year

7,740

1,689

9,429

At 31 December 2025

32,894

6,579

39,473

NET BOOK VALUE

At 31 December 2025

44,504

1,869

46,373

At 31 December 2024

52,244

3,558

55,802

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

31,642

17,550

49,192

DEPRECIATION

At 1 January 2025

13,908

10,763

24,671

Charge for year

6,328

1,697

8,025

At 31 December 2025

20,236

12,460

32,696

NET BOOK VALUE

At 31 December 2025

11,406

5,090

16,496

At 31 December 2024

17,734

6,787

24,521

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

91,117

115,602

Other debtors

6,199

7,821

97,316

123,423

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

220

Trade creditors

53,589

65,851

Taxation and social security

59,582

63,859

Other creditors

273,730

320,955

386,901

450,885

8.	RELATED PARTY DISCLOSURES

As at 31 December 2025, the directors were owed an amount totalling £188,963 (2024: £212,572) from the company.