TOOLS FOR SELF RELIANCE CYMRU
Registered Number 03068269 (England and Wales)
Unaudited Financial Statements for the Year ended 31 August 2025
TOOLS FOR SELF RELIANCE CYMRU
Contents of the Financial Statements
| Company Information | 2 |
|---|---|
| Directors' Report | 3 |
| Accountants' Report | 4 |
| Income Statement | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 - 10 |
| Detailed Profit and Loss Account | 11 - 12 |
This page does not form part of the statutory financial statements
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TOOLS FOR SELF RELIANCE CYMRU
Company Information
for the year from 1 September 2024 to 31 August 2025
Directors BLACKBURN, Kate Madeleine DICKSON, Peter HAINES, Herbert John HILL, Jonathan, Dr SANDERSON, Benjamin Muir THOMAS, Jeffrey TILLING, Emily Registered Address The Tools Workshop Upper House Farm Standard Street Crickhowell NP8 1BZ Accountant Parker & Co Accountants Limited 10 Waterside Court Albany Street Newport NP20 5NT Bank Co-operative Bank Registered Number 03068269 (England and Wales)
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TOOLS FOR SELF RELIANCE CYMRU
Directors' Report
The directors present their report and the financial statements of the company for the year ended 31 August 2025.
The directors who served during the year were as follows:
DICKSON, Peter
HAINES, Herbert John (Appointed 29 June 2025)
HILL, Jonathan, Dr (Appointed 6 December 2024)
SANDERSON, Benjamin Muir (Appointed 27 August 2025)
THOMAS, Jeffrey
TILLING, Emily (Appointed 29 June 2025)
JONES, Ian Thomas (Resigned 10 September 2024)
MILLS, Corin (Resigned 27 August 2025)
WALLACE, Ian (Resigned 6 December 2024)
Principal activity
The principal activity of the charity for the year under review was to provide tools to under developed areas of the World.
Small companies regime
The report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.
By order of the board:
HAINES, Herbert John Director
7 January 2026
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TOOLS FOR SELF RELIANCE CYMRU
Accountants' Report
Report of the Accountant to the directors of TOOLS FOR SELF RELIANCE CYMRU (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2025.
We have prepared these finance statements, which include the Income Statement, the Statement of Financial Position and the related notes, based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors of the company for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Parker & Co Accountants Limited 10 Waterside Court Albany Street Newport NP20 5NT
Date: 7 January 2026
This page does not form part of the statutory financial statements
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TOOLS FOR SELF RELIANCE CYMRU
Income Statement
for the year from 1 September 2024 to 31 August 2025
| Notes Turnover Cost of sales Gross profit Administrative expenses Other operating income Other interest receivable and similar income Loss before taxation Loss for the year |
2025 £ 89,094 (6,212) |
2024 £ 93,072 (6,055) |
|---|---|---|
| 82,882 (119,700) 23,539 349 |
87,017 (132,428) 35,163 532 |
|
| (12,930) | (9,716) | |
| (12,930) | (9,716) |
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TOOLS FOR SELF RELIANCE CYMRU
Statement of Financial Position 31 August 2025
| Notes Fixed assets Tangible assets 3 Current assets Stocks 4 Debtors 5 Cash at bank and on hand Creditors amounts falling due within one year 6 Net current assets (liabilities) Total assets less current liabilities Net assets Capital and reserves Profit and loss account Reserves |
2025 £ £ 35,167 35,167 8,400 1,317 25,193 34,910 (2,611) 32,299 67,466 67,466 67,466 67,466 |
2024 £ £ 38,142 38,142 9,123 880 42,544 52,547 (10,293) 42,254 80,396 80,396 80,396 80,396 |
2024 £ £ 38,142 38,142 9,123 880 42,544 52,547 (10,293) 42,254 80,396 80,396 80,396 80,396 |
|---|---|---|---|
| 38,142 42,254 |
|||
| 34,910 (2,611) |
52,547 (10,293) |
||
| 80,396 | |||
| 80,396 | |||
| 80,396 | |||
| 80,396 |
The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2026, and are signed on its behalf by:
HAINES, Herbert John Director Registered Company No. 03068269
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TOOLS FOR SELF RELIANCE CYMRU
Notes to the Financial Statements for the year ended 31 August 2025
1. Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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TOOLS FOR SELF RELIANCE CYMRU
Notes to the Financial Statements (continued) for the year ended 31 August 2025
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
| Reducing | |
|---|---|
| balance | |
| (%) | |
| Land and buildings | 2 |
| Plant and machinery | 25 |
| Vehicles | 25 |
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2. Average number of employees
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the year | 2 | 2 |
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TOOLS FOR SELF RELIANCE CYMRU
Notes to the Financial Statements (continued) for the year ended 31 August 2025
3. Tangible fixed assets
| Cost or valuation At 01 September 24 Additions At 31 August 25 Depreciation and impairment At 01 September 24 Charge for year At 31 August 25 Net book value At 31 August 25 At 31 August 24 |
Land & buildings £ 42,027 - |
Plant & machinery £ 34,118 638 |
Vehicles £ 10,950 - |
Total £ 87,095 638 |
|---|---|---|---|---|
| 42,027 | 34,756 | 10,950 | 87,733 | |
| 15,705 - |
30,510 3,613 |
2,738 - |
48,953 3,613 |
|
| 15,705 | 34,123 | 2,738 | 52,566 | |
| 26,322 | 633 | 8,212 | 35,167 | |
| 26,322 | 3,608 | 8,212 | 38,142 |
4. Stocks
| Other stocks Total 5. Debtors: amounts due within one year Trade debtors / trade receivables Other debtors Total |
2025 £ 8,400 |
2024 £ 9,123 |
|---|---|---|
| 8,400 | 9,123 | |
| 2025 £ 437 880 |
2024 £ - 880 |
|
| 1,317 | 880 |
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TOOLS FOR SELF RELIANCE CYMRU
Notes to the Financial Statements (continued) for the year ended 31 August 2025
6. Creditors: amounts due within one year
| Trade creditors / trade payables Bank borrowings and overdrafts Taxation and social security Other creditors Total |
2025 £ 577 - 783 1,251 |
2024 £ - 4,431 1,843 4,019 |
|---|---|---|
| 2,611 | 10,293 |
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TOOLS FOR SELF RELIANCE CYMRU
Detailed Profit and Loss Account
for the year from 1 September 2024 to 31 August 2025
| Turnover Sales Cost of sales Purchase Of Tools Refurbishing Expenses Gross Profit Gross Profit Administrative expenses Accountancy Fees Bank Fees Depot Costs Depreciation Expense Employment Allowance Entertaining Event Costs Insurance IT Software And Consumables Legal Expenses Motor Vehicle Expenses Office Equipment Expenses Overseas Costs (Restricted) Overseas Costs (Unrestricted) Postage Printing & Stationery Publicity & Information Rates Refreshments Subscriptions Telephone & Internet Travel Wages & Employers NIC Workshop Equipment |
2025 £ 89,094 |
2024 £ 93,072 |
|---|---|---|
| 89,094 6,212 - |
93,072 4,625 1,430 |
|
| 6,212 82,882 |
6,055 87,017 |
|
| 82,882 1,335 193 9,704 3,613 - - 2,353 3,697 665 81 3,865 - 8,268 49,587 1,536 570 530 323 542 - 631 - 32,207 - |
87,017 1,725 1,123 6,019 4,478 (1,097) 12 2,602 2,683 366 1,019 3,554 219 6,047 70,072 2,216 182 253 334 615 57 428 1,126 27,092 1,303 |
|
| 119,700 | 132,428 |
This page does not form part of the statutory financial statements
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TOOLS FOR SELF RELIANCE CYMRU
Detailed Profit and Loss Account (continued) for the year from 1 September 2024 to 31 August 2025
| Other Operating Income Donations Gift Aid Refunds Grants (Restricted) Grants (Unrestricted) Other interest receivable and similar income Interest Income Loss for the year Net Loss |
2025 £ 6,419 - 17,120 - |
2024 £ 14,950 232 18,981 1,000 |
|---|---|---|
| 23,539 349 |
35,163 532 |
|
| 349 (12,930) |
532 (9,716) |
|
| (12,930) | (9,716) |
This page does not form part of the statutory financial statements
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