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REGISTERED NUMBER: 13220093 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Tugger Limited

Tugger Limited (Registered number: 13220093)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Tugger Limited (Registered number: 13220093)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148 295

CURRENT ASSETS
Debtors 5 11,760 1,971
Cash at bank 339 906
12,099 2,877
CREDITORS
Amounts falling due within one year 6 22,196 11,536
NET CURRENT LIABILITIES (10,097 ) (8,659 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,949 ) (8,364 )

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 1,225 1,225
Retained earnings (11,299 ) (9,714 )
SHAREHOLDERS' FUNDS (9,949 ) (8,364 )

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 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.

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 23 November 2023 and were signed on its behalf by:





Mr C J Morrall - Director


Tugger Limited (Registered number: 13220093)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Tugger Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13220093

Registered office: Clarence Mill Business Centre
Clarence Road
Bollington
Cheshire
SK10 5JZ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis not withstanding the deficit in net assets. The main creditor of the company is within the same group, the amount owing to this entity is £19,767. The directors are satisfied that they retain continued support from this company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Tugger Limited (Registered number: 13220093)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 442
DEPRECIATION
At 1 March 2022 147
Charge for year 147
At 28 February 2023 294
NET BOOK VALUE
At 28 February 2023 148
At 28 February 2022 295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,609 309
Other debtors 2,151 1,662
11,760 1,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 636 9,786
Amounts owed to group undertakings 19,767 -
Other creditors 1,793 1,750
22,196 11,536

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Christopher John Morrall & Craig David Morrall as a result of their shareholdings in Tugger Holdings Limited.