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REGISTERED NUMBER: 02102715 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TUNNELLING ACCESSORIES LIMITED

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TUNNELLING ACCESSORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr P J Benford





REGISTERED OFFICE: Sidney Little Road
Churchfields Industrial Estate
St. Leonards-On-Sea
TN38 9PU





REGISTERED NUMBER: 02102715 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,363 244,446
Investments 5 699,125 513,097
895,488 757,543

CURRENT ASSETS
Stocks 6 295,078 229,781
Debtors 7 1,177,836 1,155,907
Investments 8 285,565 282,099
Prepayments and accrued income 3,981 5,457
Cash at bank and in hand 1,494,559 1,499,104
3,257,019 3,172,348
CREDITORS
Amounts falling due within one year 9 473,801 206,551
NET CURRENT ASSETS 2,783,218 2,965,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,678,706

3,723,340

CREDITORS
Amounts falling due after more than one
year

10

-

(30,000

)

PROVISIONS FOR LIABILITIES 11 (49,091 ) (46,444 )
NET ASSETS 3,629,615 3,646,896

CAPITAL AND RESERVES
Called up share capital 12 6,400 6,400
Special reserve 699,125 -
Retained earnings 2,924,090 3,640,496
SHAREHOLDERS' FUNDS 3,629,615 3,646,896

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





Mr P J Benford - Director


TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

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

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 - 15% on reducing balance
Motor vehicles - 25% 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 year 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 year was 6 (2023 - 6 ) .

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 March 2023
and 29 February 2024 306,773 138,406 445,179
Depreciation
At 1 March 2023 176,476 24,257 200,733
Charge for year 19,545 28,538 48,083
At 29 February 2024 196,021 52,795 248,816
Net book value
At 29 February 2024 110,752 85,611 196,363
At 28 February 2023 130,297 114,149 244,446

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
Investment in LLP 699,125 513,097

6. STOCKS
29.2.24 28.2.23
£    £   
Finished goods 295,078 229,781

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 139,653 135,632
Amounts owed by participating interests 811,138 811,138
Other debtors 227,045 209,137
1,177,836 1,155,907

8. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Listed investments 285,565 282,099
Market value of listed investments at 29 February 2024 - £ 307,185 (2023 - £ 295,165 ).

TUNNELLING ACCESSORIES LIMITED (REGISTERED NUMBER: 02102715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 124,632 137,843
Taxation and social security 18,007 40,881
Other creditors 331,162 27,827
473,801 206,551

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors - 30,000

11. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 49,091 46,444

Deferred
tax
£   
Balance at 1 March 2023 46,444
Utilised during year 2,647
Balance at 29 February 2024 49,091

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
6,400 Ordinary shares £1 6,400 6,400