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REGISTERED NUMBER: 02508189 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

TULMA LIMITED

TULMA LIMITED (REGISTERED NUMBER: 02508189)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TULMA LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: Mr P S Panchaud
Mrs A K Panchaud





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 02508189 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

TULMA LIMITED (REGISTERED NUMBER: 02508189)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 - 489
Cash at bank 91,806 136,382
91,806 136,871
CREDITORS
Amounts falling due within one year 5 (1,788,695 ) (1,825,164 )
NET CURRENT LIABILITIES (1,696,889 ) (1,688,293 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,696,889 ) (1,688,293 )

CAPITAL AND RESERVES
Called up share capital 6 510,002 510,002
Retained earnings (2,206,891 ) (2,198,295 )
SHAREHOLDERS' FUNDS (1,696,889 ) (1,688,293 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 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.

TULMA LIMITED (REGISTERED NUMBER: 02508189)

BALANCE SHEET - continued
31st May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th October 2023 and were signed on its behalf by:





Mr P S Panchaud - Director


TULMA LIMITED (REGISTERED NUMBER: 02508189)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Tulma Limited is a private limited company limited by share capital, incorporated in England and Wales, registration number 02508189. The address of the principle place of business is Fir Trees, Huntly Road, Aboyne, AB34 5HE. The registered office is 100 Barbirolli Square, Manchester, M2 3BD.

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.

Going concern
The financial statements have been prepared on a going concern basis due to the continued support of the company's directors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss accountProfit and Loss Account, 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.

TULMA LIMITED (REGISTERED NUMBER: 02508189)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 489

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 180
Taxation and social security - 17,048
Other creditors 1,788,695 1,807,936
1,788,695 1,825,164

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1.00 2 2
510,000 Ordinary A £1.00 510,000 510,000
510,002 510,002