Tools for Schools Limited - Accounts to registrar (filleted) - small 18.2

Tools for Schools Limited - Accounts to registrar (filleted) - small 18.2

TOOLS FOR SCHOOLS LIMITED - Company Information

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REGISTERED NUMBER: 08422231 (England and Wales)













Unaudited Financial Statements

for the Period 1 March 2021 to 31 December 2021

for

Tools for Schools Limited
Tools for Schools Limited (Registered number: 08422231)






Contents of the Financial Statements
for the Period 1 March 2021 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tools for Schools Limited

Company Information
for the Period 1 March 2021 to 31 December 2021







DIRECTOR: D N Amos





REGISTERED OFFICE: 31-34 High Street
Bristol
Somerset
BS1 2AW





REGISTERED NUMBER: 08422231 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Page 1
Tools for Schools Limited (Registered number: 08422231)

Balance Sheet
31 December 2021

2021 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,544 -
Tangible assets 5 9,468 14,681
Investments 6 80 80
14,092 14,761

CURRENT ASSETS
Debtors 7 486,858 125,538
Cash at bank 3,589,784 2,664,269
4,076,642 2,789,807
CREDITORS
Amounts falling due within one year 8 803,609 735,670
NET CURRENT ASSETS 3,273,033 2,054,137
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,287,125
2,068,898

PROVISIONS FOR LIABILITIES 2,368 2,790
NET ASSETS 3,284,757 2,066,108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,284,657 2,066,008
SHAREHOLDERS' FUNDS 3,284,757 2,066,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 September 2022 and were signed by:





D N Amos - Director


The notes form part of these financial statements

Page 2
Tools for Schools Limited (Registered number: 08422231)

Notes to the Financial Statements
for the Period 1 March 2021 to 31 December 2021

1. STATUTORY INFORMATION

Tools for Schools 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 and machinery etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2021 - 12 ) .

Page 3 continued...
Tools for Schools Limited (Registered number: 08422231)

Notes to the Financial Statements - continued
for the Period 1 March 2021 to 31 December 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 4,544
At 31 December 2021 4,544
NET BOOK VALUE
At 31 December 2021 4,544

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021 59,026
Additions 3,583
At 31 December 2021 62,609
DEPRECIATION
At 1 March 2021 44,345
Charge for period 8,796
At 31 December 2021 53,141
NET BOOK VALUE
At 31 December 2021 9,468
At 28 February 2021 14,681

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2021
and 31 December 2021 80
NET BOOK VALUE
At 31 December 2021 80
At 28 February 2021 80

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2021
as restated
£    £   
Trade debtors 17,033 9,601
Accrued income - 107,941
Amounts owed by group undertakings 379,009 -
Other debtors 2,973 7,409
Prepayments 87,843 587
486,858 125,538

Page 4 continued...
Tools for Schools Limited (Registered number: 08422231)

Notes to the Financial Statements - continued
for the Period 1 March 2021 to 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2021
as restated
£    £   
Trade creditors 32,354 -
Amounts owed to group undertakings - 239,943
Corporation tax 220,796 -
Social security and other taxes 94,797 26,939
VAT 5,829 -
Other creditors 5,523 -
Directors' current accounts 4,024 4,025
Deferred income 233,665 415,724
Accrued expenses 206,621 49,039
803,609 735,670

Page 5