Registered number
12371540
Tuney Tech Engineering Limited
Filleted Accounts
31 December 2023
Tuney Tech Engineering Limited
Registered number: 12371540
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 238,177 167,770
Current assets
Debtors 4 52,255 32,830
Cash at bank and in hand 170,787 46,417
223,042 79,247
Creditors: amounts falling due within one year 5 (27,550) (9,243)
Net current assets 195,492 70,004
Total assets less current liabilities 433,669 237,774
Creditors: amounts falling due after more than one year 6 (259,201) (158,918)
Net assets 174,468 78,856
Capital and reserves
Called up share capital 100 100
Profit and loss account 174,368 78,756
Shareholders' funds 174,468 78,856
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Tune
Director
Approved by the board on 30 August 2024
Tuney Tech Engineering Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 194,295 - 194,295
Additions 53,354 36,483 89,837
At 31 December 2023 247,649 36,483 284,132
Depreciation
At 1 January 2023 26,525 - 26,525
Charge for the year 19,430 - 19,430
At 31 December 2023 45,955 - 45,955
Net book value
At 31 December 2023 201,694 36,483 238,177
At 31 December 2022 167,770 - 167,770
4 Debtors 2023 2022
£ £
Trade debtors 49,255 28,539
Other debtors 3,000 4,291
52,255 32,830
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,840 3,840
Obligations under finance lease and hire purchase contracts 10,200 -
Taxation and social security costs 13,510 5,403
27,550 9,243
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,825 10,306
Obligations under finance lease and hire purchase contracts 33,786 8,605
Other creditors 218,590 140,007
259,201 158,918
7 Other information
Tuney Tech Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
27 Meadow Close
Blythe Bridge
Stoke om Trent
Staffs
ST11 9LH
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