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REGISTERED NUMBER: 01113256 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TUNWAY LIMITED

TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TUNWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: T.J. Thomas





SECRETARY: T.J. Thomas





REGISTERED OFFICE: Overcliffe Hotel
16 Overcliffe
Gravesend
Kent
DA11 0EF





REGISTERED NUMBER: 01113256 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,110 206,558

CURRENT ASSETS
Stocks 650 650
Debtors 5 13,240 12,920
Cash at bank 217,189 213,828
231,079 227,398
CREDITORS
Amounts falling due within one year 6 358,461 362,218
NET CURRENT LIABILITIES (127,382 ) (134,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,728

71,738

CREDITORS
Amounts falling due after more than one
year

7

16,289

19,456
NET ASSETS 61,439 52,282

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 61,339 52,182
SHAREHOLDERS' FUNDS 61,439 52,282

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 14 November 2024 and were signed by:




T.J. Thomas - Director


TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

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


1. STATUTORY INFORMATION

Tunway 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 etc - 25% on cost and 15% on reducing balance

The directors consider that the discounted residual value of the freehold building at the end of its useful economic life will be in excess of book cost in the financial statements and therefore any depreciation charge required would be immaterial.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 196,915 281,531 478,446
DEPRECIATION
At 1 March 2023 - 271,888 271,888
Charge for year - 1,448 1,448
At 29 February 2024 - 273,336 273,336
NET BOOK VALUE
At 29 February 2024 196,915 8,195 205,110
At 28 February 2023 196,915 9,643 206,558

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 483 1,403
Other debtors 12,757 11,517
13,240 12,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,974 3,600
Taxation and social security 819 750
Other creditors 353,668 357,868
358,461 362,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,289 19,456

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,617 6,796

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100