REGISTERED NUMBER: 04656431 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

TOOLROOM PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G W Ankrett

Mr J M Kemp

Mr K J Knight

Mrs L D Knight

Mr M K Knight

Mr S M Knight

Mr M Shackleton

SECRETARY:

Mr K J Knight

REGISTERED OFFICE:

Top Floor Raglan House

St. Peters Street

Maidstone, Kent

ME16 0SN

REGISTERED NUMBER:

04656431 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

140,621

108,985

CURRENT ASSETS

Stocks

5

2,700

1,970

Debtors

6

9,667,122

7,171,482

Cash at bank

945,325

631,913

10,615,147

7,805,365

CREDITORS

Amounts falling due within one year

7

10,388,264

7,714,194

NET CURRENT ASSETS

226,883

91,171

TOTAL ASSETS LESS CURRENT LIABILITIES

367,504

200,156

CREDITORS

Amounts falling due after more than one year

8

(123,826

)

(15,033

)

PROVISIONS FOR LIABILITIES

(26,718

)

(8,370

)

NET ASSETS

216,960

176,753

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

216,860

176,653

SHAREHOLDERS' FUNDS

216,960

176,753

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 24 September 2026 and were signed on its behalf by:

Mr S M Knight - Director

1.	STATUTORY INFORMATION

Toolroom Productions 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery 20% and 10% 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.

Going concern

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Plant and

to property

equipment

Totals

£

£

£

COST

At 1 January 2025

89,587

190,436

280,023

Additions

18,400

33,030

51,430

Disposals

-

(1,242

)

(1,242

)

At 31 December 2025

107,987

222,224

330,211

DEPRECIATION

At 1 January 2025

42,267

128,771

171,038

Charge for year

5,422

14,172

19,594

Eliminated on disposal

-

(1,042

)

(1,042

)

At 31 December 2025

47,689

141,901

189,590

NET BOOK VALUE

At 31 December 2025

60,298

80,323

140,621

At 31 December 2024

47,320

61,665

108,985

5.

STOCKS

31.12.25

31.12.24

£

£

Finished goods

2,700

1,970

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,053,712

962,766

Other debtors

7,726,305

6,050,923

VAT

67,795

20,491

Prepayments and accrued income

819,310

137,302

9,667,122

7,171,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

3,637

3,637

Trade creditors

7,077,868

5,288,979

Corporation tax

2,055

-

Other creditors

3,304,704

2,421,578

10,388,264

7,714,194

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

BBL due > 1 year

11,826

15,033

Other loan

112,000

-

123,826

15,033

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary shares

o1

100

100

10.	RELATED PARTY DISCLOSURES

Included under current debtors is a balance owed to the company by related parties:

Toolroom Academy Limited: £369,000 (2024: £189,000)

Included under current assets are loans owed to the company by related parties:

Amplifed Label Services Limited: £825,181 (2024: £777,981)

Knight Family Investments Limited: £6,833,823 (2024: £5,216,206)

Mark Knight Music Limited £39,470 (2024: £39,470)

These loans are not secured, carry no interest and have no fixed terms of repayment.

Included under current creditors are amounts owed by the company to related parties:

Amplified Label Services Limited: £2,701,078 (2024: £2,076,505)

Knight Family Investments Limited: £4,303,978 (2024: £3,167,217)

Included under current liabilities is a loan owed by the company to a related party:

Toolroom Academy Limited: £2,547,916 (2024: £2,124,910)