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REGISTERED NUMBER: 06646221 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Technical Tunnelling Components Limited

Technical Tunnelling Components Limited (Registered number: 06646221)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Technical Tunnelling Components Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr J P Robertshaw
Mrs G A Jakes
Mr P J Benford





REGISTERED OFFICE: Unit K, Radius Court
Tungston Park
Off Coventry Road
Hinckley
Leicestershire
LE10 3BE





REGISTERED NUMBER: 06646221 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Technical Tunnelling Components Limited (Registered number: 06646221)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 11,620 16,557
Tangible assets 5 16,666 23,780
28,286 40,337

CURRENT ASSETS
Stocks 59,901 54,673
Debtors 6 25,183 77,293
Cash at bank and in hand 1,302,198 1,315,005
1,387,282 1,446,971
CREDITORS
Amounts falling due within one year 7 (169,361 ) (260,564 )
NET CURRENT ASSETS 1,217,921 1,186,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,207

1,226,744

PROVISIONS FOR LIABILITIES (4,166 ) (5,945 )
NET ASSETS 1,242,041 1,220,799

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,241,941 1,220,699
SHAREHOLDERS' FUNDS 1,242,041 1,220,799

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

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

Technical Tunnelling Components Limited (Registered number: 06646221)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





Mrs G A Jakes - Director


Technical Tunnelling Components Limited (Registered number: 06646221)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Technical Tunnelling Components 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 represents the value, net of value added tax, of goods and services provided to customers.

Patents and licences
Patents and licences acquired from 2013 to 2020 are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tooling - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Technical Tunnelling Components Limited (Registered number: 06646221)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 August 2022
and 31 July 2023 48,912
AMORTISATION
At 1 August 2022 32,355
Amortisation for year 4,937
At 31 July 2023 37,292
NET BOOK VALUE
At 31 July 2023 11,620
At 31 July 2022 16,557

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Tooling fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 132,372 1,411 3,116 136,899
DEPRECIATION
At 1 August 2022 108,696 1,411 3,012 113,119
Charge for year 7,010 - 104 7,114
At 31 July 2023 115,706 1,411 3,116 120,233
NET BOOK VALUE
At 31 July 2023 16,666 - - 16,666
At 31 July 2022 23,676 - 104 23,780

Technical Tunnelling Components Limited (Registered number: 06646221)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 25,183 57,393
Other debtors - 19,900
25,183 77,293

Other debtors include prepayments and accrued income of £Nil (2022: £11,644).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 44,500 48,469
Amounts owed to group undertakings 25,000 -
Taxation and social security 29,749 6,809
Other creditors 70,112 205,286
169,361 260,564

Other creditors include accruals and deferred income of £5,225 (2022: £155,165).

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet as at 31 July 2023 is £Nil (2022: £6,534).