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REGISTERED NUMBER: 08098525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 30 NOVEMBER 2023

FOR

TUNNICLIFFE'S LTD.

TUNNICLIFFE'S LTD. (REGISTERED NUMBER: 08098525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TUNNICLIFFE'S LTD.

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023







DIRECTORS: B R M Tunnicliffe
Mrs A M Watkins





REGISTERED OFFICE: Tolcarne Inn
Tolcarne Place
Newlyn
Cornwall
TR18 5PR





REGISTERED NUMBER: 08098525 (England and Wales)





ACCOUNTANTS: Hawthorn Carter
6 Penpol Road
Hayle
Cornwall
TR27 4AD

TUNNICLIFFE'S LTD. (REGISTERED NUMBER: 08098525)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,999 54,607
51,999 54,607

CURRENT ASSETS
Stocks 4,000 6,900
Debtors 6 93,829 79,788
Cash at bank and in hand 1,662 14
99,491 86,702
CREDITORS
Amounts falling due within one year 7 127,357 80,974
NET CURRENT (LIABILITIES)/ASSETS (27,866 ) 5,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,133

60,335

CREDITORS
Amounts falling due after more than one
year

8

24,000

41,333
NET ASSETS 133 19,002

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 30 18,899
SHAREHOLDERS' FUNDS 133 19,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

TUNNICLIFFE'S LTD. (REGISTERED NUMBER: 08098525)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





B R M Tunnicliffe - Director


TUNNICLIFFE'S LTD. (REGISTERED NUMBER: 08098525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Tunnicliffe's Ltd. 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 10% 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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

TUNNICLIFFE'S LTD. (REGISTERED NUMBER: 08098525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 30 November 2023 10,000
AMORTISATION
At 1 November 2022
and 30 November 2023 10,000
NET BOOK VALUE
At 30 November 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022 47,056 72,956 120,012
Additions 3,170 - 3,170
At 30 November 2023 50,226 72,956 123,182
DEPRECIATION
At 1 November 2022 24,178 41,227 65,405
Charge for period 2,605 3,173 5,778
At 30 November 2023 26,783 44,400 71,183
NET BOOK VALUE
At 30 November 2023 23,443 28,556 51,999
At 31 October 2022 22,878 31,729 54,607

TUNNICLIFFE'S LTD. (REGISTERED NUMBER: 08098525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 31/10/22
£    £   
Trade debtors 527 -
Other debtors 68,766 68,788
Tenants deposit 11,000 11,000
Directors' current accounts 13,536 -
93,829 79,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 31/10/22
£    £   
Bank loans and overdrafts 58,756 19,507
Trade creditors 22,519 18,331
Social security and other taxes 21,139 8,098
VAT 22,165 9,759
Other creditors 2,178 1,437
Directors' current accounts - 23,242
Accrued expenses 600 600
127,357 80,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 31/10/22
£    £   
Bank loans - 1-2 years 24,000 41,333

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 November 2023 and the year ended 31 October 2022:

30/11/23 31/10/22
£    £   
B R M Tunnicliffe and Mrs A M Watkins
Balance outstanding at start of period 23,242 9,889
Amounts advanced 18,462 14,400
Amounts repaid (55,240 ) (1,047 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (13,536 ) 23,242

The overdrawn Directors Loan Account is subject to interest at the HM Revenue & Customs official rate of interest.

The balance was repaid within 9 months of the year end.