2
false
false
false
false
false
false
false
false
false
false
true
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false
false
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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
15,000
15,000
2,733
958
546
1,504
1,229
1,775
xbrli:pure
xbrli:shares
iso4217:GBP
04601142
2023-04-01
2024-03-31
04601142
2024-03-31
04601142
2023-03-31
04601142
2022-04-01
2023-03-31
04601142
2023-03-31
04601142
2022-03-31
04601142
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
04601142
bus:Director1
2023-04-01
2024-03-31
04601142
core:NetGoodwill
2024-03-31
04601142
core:PlantMachinery
2023-03-31
04601142
core:PlantMachinery
2024-03-31
04601142
core:WithinOneYear
2024-03-31
04601142
core:WithinOneYear
2023-03-31
04601142
core:AfterOneYear
2024-03-31
04601142
core:AfterOneYear
2023-03-31
04601142
core:ShareCapital
2024-03-31
04601142
core:ShareCapital
2023-03-31
04601142
core:RetainedEarningsAccumulatedLosses
2024-03-31
04601142
core:RetainedEarningsAccumulatedLosses
2023-03-31
04601142
core:PlantMachinery
2023-04-01
2024-03-31
04601142
core:PlantMachinery
2023-03-31
04601142
bus:SmallEntities
2023-04-01
2024-03-31
04601142
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
04601142
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
04601142
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
04601142
bus:FullAccounts
2023-04-01
2024-03-31
04601142
core:KeyManagementIndividualGroup1
2023-04-01
2024-03-31
COMPANY REGISTRATION NUMBER:
04601142
Filleted Unaudited Financial Statements |
|
Year ended 31 March 2024
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Tunnelbuilder Ltd |
|
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tunnelbuilder Ltd for the year ended 31 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Tunnelbuilder Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Tunnelbuilder Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tunnelbuilder Ltd and its director for our work or for this report.
It is your duty to ensure that Tunnelbuilder Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tunnelbuilder Ltd. You consider that Tunnelbuilder Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Tunnelbuilder Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
WALTER HUNTER & CO LIMITED
Chartered accountants
24 Bridge Street
Newport
South Wales
NP20 4SF
18 November 2024
Statement of Financial Position |
|
31 March 2024
Fixed assets
Tangible assets |
6 |
|
1,229 |
1,775 |
|
|
|
|
|
Current assets
Debtors |
7 |
45,190 |
|
49,433 |
Cash at bank and in hand |
1,028 |
|
150 |
|
-------- |
|
-------- |
|
46,218 |
|
49,583 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
29,798 |
|
26,866 |
|
-------- |
|
-------- |
Net current assets |
|
16,420 |
22,717 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
17,649 |
24,492 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
|
18,449 |
22,178 |
|
|
-------- |
-------- |
Net (liabilities)/assets |
|
(
800) |
2,314 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
(
900) |
2,214 |
|
|
---- |
------- |
Shareholders (deficit)/funds |
|
(
800) |
2,314 |
|
|
---- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
18 November 2024
, and are signed on behalf of the board by:
Company registration number:
04601142
Notes to the Financial Statements |
|
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bridge Street, Newport, South Wales, NP20 4SF.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Having reviewed the plans and future projections of the company, the Director is confident that the business will continue to trade for at least the next 12 months with their continued support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant & machinery |
- |
20% straightline per annum |
|
|
|
|
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
3
).
5.
Intangible assets
|
Goodwill |
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
15,000 |
|
-------- |
Amortisation |
|
At 1 April 2023 and 31 March 2024 |
15,000 |
|
-------- |
Carrying amount |
|
At 31 March 2024 |
– |
|
-------- |
At 31 March 2023 |
– |
|
-------- |
|
|
6.
Tangible assets
|
Plant and machinery |
Total |
|
£ |
£ |
Cost |
|
|
At 1 April 2023 and 31 March 2024 |
2,733 |
2,733 |
|
------- |
------- |
Depreciation |
|
|
At 1 April 2023 |
958 |
958 |
Charge for the year |
546 |
546 |
|
------- |
------- |
At 31 March 2024 |
1,504 |
1,504 |
|
------- |
------- |
Carrying amount |
|
|
At 31 March 2024 |
1,229 |
1,229 |
|
------- |
------- |
At 31 March 2023 |
1,775 |
1,775 |
|
------- |
------- |
|
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
24,166 |
21,015 |
Other debtors |
21,024 |
28,418 |
|
-------- |
-------- |
|
45,190 |
49,433 |
|
-------- |
-------- |
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
18,455 |
25,647 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
17,921 |
18,137 |
Trade creditors |
6,521 |
6,471 |
Other creditors |
5,356 |
2,258 |
|
-------- |
-------- |
|
29,798 |
26,866 |
|
-------- |
-------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
18,449 |
22,178 |
|
-------- |
-------- |
|
|
|
10.
Director's advances, credits and guarantees
Included in note 7 to the accounts is a director's loan account owed to the company by
Ms S J Heard
, £14,306 (2023: £19,643), who is also a shareholder of the company. Interest on the loan has been charged at 2.25%.
11.
Related party transactions
The company was under the control of Mrs S J Heard throughout the current and previous year. Mrs Heard is the majority shareholder and sole director. Other than the loan disclosed in notes 7 and 10, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.