Registration number: 00586358

Trout Tool Co Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Trout Tool Co Limited

(Registration number: 00586358)
Statement of Financial Position as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	22,917	27,917
Tangible assets	5	93,264	103,807
		116,181	131,724
Current assets
Stocks	6	97,800	103,100
Debtors	7	212,666	231,275
Cash at bank and in hand		261	11,947
		310,727	346,322
Creditors: Amounts falling due within one year	8	(424,476)	(450,930)
Net current liabilities		(113,749)	(104,608)
Total assets less current liabilities		2,432	27,116
Creditors: Amounts falling due after more than one year	8	(21,101)	(32,320)
Provisions for liabilities		(14,637)	(16,063)
Net liabilities		(33,306)	(21,267)
Capital and reserves
Called up share capital		3,200	3,200
Profit and loss account		(36,506)	(24,467)
Shareholders' deficit		(33,306)	(21,267)

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 21 November 2025 and signed on its behalf by:
 

Trout Tool Co Limited

(Registration number: 00586358)
Statement of Financial Position as at 30 June 2025

......................................... D Burton Director

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

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

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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
Leasehold improvements	10% straight line
Plant and machinery	5% reducing balance
Fitting, fixtures and equipment	25% straight line
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Goodwill	Over seven years

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.

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

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 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.

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2024	35,000	35,000
At 30 June 2025	35,000	35,000
Amortisation
At 1 July 2024	7,083	7,083
Amortisation charge	5,000	5,000
At 30 June 2025	12,083	12,083
Carrying amount
At 30 June 2025	22,917	22,917
At 30 June 2024	27,917	27,917

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	16,540	10,020	383,751	23,220	433,531
Disposals	-	-	-	(12,120)	(12,120)
At 30 June 2025	16,540	10,020	383,751	11,100	421,411
Depreciation
At 1 July 2024	4,962	10,020	302,603	12,139	329,724
Charge for the year	1,654	-	4,052	2,770	8,476
Eliminated on disposal	-	-	-	(10,053)	(10,053)
At 30 June 2025	6,616	10,020	306,655	4,856	328,147
Carrying amount
At 30 June 2025	9,924	-	77,096	6,244	93,264
At 30 June 2024	11,578	-	81,148	11,081	103,807

Included within the net book value of land and buildings above is £9,924 (2024 - £11,578) in respect of short leasehold land and buildings.
 

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6

Stocks

	2025 £	2024 £
Raw materials and consumables	59,200	62,400
Work in progress	38,600	40,700
	97,800	103,100

7

Debtors

	2025 £	2024 £
Trade debtors	131,675	149,102
Other debtors	27,450	28,035
Prepayments	53,541	54,138
	212,666	231,275

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	9	20,635	20,439
Trade creditors		145,113	137,625
Taxation and social security		39,750	48,614
Accruals and deferred income		7,166	7,268
Other creditors		211,812	236,984
		424,476	450,930

The bank overdraft is secured by a charge over leasehold land. The finance lease liabilities are secured by a charge over the specific asset to which each agreement relates to.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	9	21,101	32,320

Creditors include bank loans repayable by instalments of £Nil (2024 - £3,565) due after more than five years.

Trout Tool Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	15,231	19,120
Hire purchase contracts	5,870	13,200
	21,101	32,320

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,890	3,889
Bank overdrafts	9,414	5,929
Hire purchase contracts	7,331	10,621
	20,635	20,439

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 £140,250 (2024 - £216,750).

11	Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the company's bank, the company's directors and a company under common control.