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REGISTERED NUMBER: 02102715 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TUNNELLING ACCESSORIES LIMITED

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TUNNELLING ACCESSORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr P J Benford





REGISTERED OFFICE: Sidney Little Road
Churchfields Industrial Estate
St. Leonards-On-Sea
TN38 9PU





REGISTERED NUMBER: 02102715 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,447 242,023
Investments 5 513,097 266,667
757,544 508,690

CURRENT ASSETS
Stocks 6 229,781 172,594
Debtors 7 1,155,907 1,630,689
Investments 8 282,099 263,871
Prepayments and accrued income 5,457 2,438
Cash at bank and in hand 1,499,104 1,515,290
3,172,348 3,584,882
CREDITORS
Amounts falling due within one year 9 206,552 555,422
NET CURRENT ASSETS 2,965,796 3,029,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,723,340

3,538,150

CREDITORS
Amounts falling due after more than one year 10 (30,000 ) (30,000 )

PROVISIONS FOR LIABILITIES 11 (46,444 ) (45,984 )
NET ASSETS 3,646,896 3,462,166

CAPITAL AND RESERVES
Called up share capital 12 6,400 6,400
Retained earnings 3,640,496 3,455,766
SHAREHOLDERS' FUNDS 3,646,896 3,462,166

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





Mr P J Benford - Director


TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Tunnelling Accessories 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 March 2022 306,773 108,636 415,409
Additions - 54,109 54,109
Disposals (24,338 ) - (24,338 )
At 28 February 2023 282,435 162,745 445,180
Depreciation
At 1 March 2022 153,483 19,903 173,386
Charge for year 22,993 21,312 44,305
Eliminated on disposal - (16,958 ) (16,958 )
At 28 February 2023 176,476 24,257 200,733
Net book value
At 28 February 2023 105,959 138,488 244,447
At 28 February 2022 153,290 88,733 242,023

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment in LLP 513,097 266,667

6. STOCKS
2023 2022
£    £   
Finished goods 229,781 172,594

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,632 367,517
Amounts owed by participating interests 811,138 811,138
Other debtors 209,137 452,034
1,155,907 1,630,689

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 282,099 263,871
Market value of listed investments at 28 February 2023 - £ 295,165 (2022 - £ 303,822 ).

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 137,844 453,740
Taxation and social security 40,881 81,203
Other creditors 27,827 20,479
206,552 555,422

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 30,000 30,000

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,444 45,984

Deferred
tax
£   
Balance at 1 March 2022 45,984
Provided during year 460
Balance at 28 February 2023 46,444

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,400 Ordinary shares £1 6,400 6,400