## 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 1 ## 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) 2 ## 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 3 ## 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 4 ## 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)| 5 ## 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** 6 ## 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. 7 ## 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| 8 ## 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| 9 ## 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| 10 ## 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 11 ## 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 12