Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsetruetrue2022-06-0111 05823393 2022-06-01 2023-05-31 05823393 2021-06-01 2022-05-31 05823393 2023-05-31 05823393 2022-05-31 05823393 c:Director1 2022-06-01 2023-05-31 05823393 d:OfficeEquipment 2022-06-01 2023-05-31 05823393 d:OfficeEquipment 2023-05-31 05823393 d:OfficeEquipment 2022-05-31 05823393 d:CurrentFinancialInstruments 2023-05-31 05823393 d:CurrentFinancialInstruments 2022-05-31 05823393 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05823393 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 05823393 d:ShareCapital 2023-05-31 05823393 d:ShareCapital 2022-05-31 05823393 d:RetainedEarningsAccumulatedLosses 2023-05-31 05823393 d:RetainedEarningsAccumulatedLosses 2022-05-31 05823393 c:FRS102 2022-06-01 2023-05-31 05823393 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 05823393 c:FullAccounts 2022-06-01 2023-05-31 05823393 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 05823393 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 05823393









TOURINGS BORING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
TOURINGS BORING LIMITED
REGISTERED NUMBER: 05823393

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
16,074
13,751

  
16,074
13,751

Creditors: amounts falling due within one year
 6 
(26,300)
(24,937)

Net current liabilities
  
 
 
(10,226)
 
 
(11,186)

Total assets less current liabilities
  
(10,226)
(11,186)

  

Net liabilities
  
(10,226)
(11,186)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(10,227)
(11,187)

  
(10,226)
(11,186)


Page 1

 
TOURINGS BORING LIMITED
REGISTERED NUMBER: 05823393
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 February 2024.




L Cooper
Director

The notes on pages 9 to 11 form part of these financial statements.

Page 2

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Tourings Boring Limited is a private comapny limited by shares and incorporated in England & Wales. Its registered office is 101 New Cavendish Street, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its owners to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2022
2,491



At 31 May 2023

2,491



Depreciation


At 1 June 2022
2,491



At 31 May 2023

2,491



Net book value



At 31 May 2023
-



At 31 May 2022
-


5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
16,074
13,751

16,074
13,751



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
155

Other creditors
25,300
23,782

Accruals and deferred income
1,000
1,000

26,300
24,937


 
Page 5