2023-04-012024-03-312024-03-31false13306406TUNNEY 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TUNNEY LIMITED

Registered Number
13306406
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TUNNEY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

TUNNEY, Douglas
TUNNEY, Rachel

Registered Address

28a The Hundred
Romsey
SO51 8BW

Registered Number

13306406 (England and Wales)
TUNNEY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets356,86948,800
56,86948,800
Current assets
Debtors32,762500
Cash at bank and on hand27,8257,213
60,5877,713
Creditors amounts falling due within one year(15,933)(12,420)
Net current assets (liabilities)44,654(4,707)
Total assets less current liabilities101,52344,093
Creditors amounts falling due after one year(76,886)(61,000)
Net assets24,637(16,907)
Capital and reserves
Called up share capital22
Profit and loss account24,635(16,909)
Shareholders' funds24,637(16,907)
The financial statements were approved and authorised for issue by the Board of Directors on 30 January 2025, and are signed on its behalf by:
TUNNEY, Rachel
Director
Registered Company No. 13306406
TUNNEY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment50
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2361,000
Additions23,275
At 31 March 2484,275
Depreciation and impairment
At 01 April 2312,200
Charge for year15,206
At 31 March 2427,406
Net book value
At 31 March 2456,869
At 31 March 2348,800
4.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts76,88661,000