Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true1No description of principal activity2023-06-01falsetrue1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05823393 2023-06-01 2024-05-31 05823393 2022-06-01 2023-05-31 05823393 2024-05-31 05823393 2023-05-31 05823393 c:Director1 2023-06-01 2024-05-31 05823393 d:OfficeEquipment 2023-06-01 2024-05-31 05823393 d:OfficeEquipment 2024-05-31 05823393 d:OfficeEquipment 2023-05-31 05823393 d:CurrentFinancialInstruments 2024-05-31 05823393 d:CurrentFinancialInstruments 2023-05-31 05823393 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 05823393 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05823393 d:ShareCapital 2024-05-31 05823393 d:ShareCapital 2023-05-31 05823393 d:RetainedEarningsAccumulatedLosses 2024-05-31 05823393 d:RetainedEarningsAccumulatedLosses 2023-05-31 05823393 c:FRS102 2023-06-01 2024-05-31 05823393 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05823393 c:FullAccounts 2023-06-01 2024-05-31 05823393 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05823393 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 05823393









TOURINGS BORING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
TOURINGS BORING LIMITED
REGISTERED NUMBER: 05823393

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
16,800
16,074

Cash at bank and in hand
 6 
3,499
-

  
20,299
16,074

Creditors: amounts falling due within one year
 7 
(31,421)
(26,300)

Net current liabilities
  
 
 
(11,122)
 
 
(10,226)

Total assets less current liabilities
  
(11,122)
(10,226)

  

Net liabilities
  
(11,122)
(10,226)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(11,123)
(10,227)

  
(11,122)
(10,226)


Page 1

 
TOURINGS BORING LIMITED
REGISTERED NUMBER: 05823393
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
L Cooper
Director

Date: 18 February 2025

The notes on pages 9 to 11 form part of these financial statements.

Page 2

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Tourings Boring Limited is a private comapny limited by shares and incorporated in England & Wales. Its registered office is 101 New Cavendish Street, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its owners to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
2,491



At 31 May 2024

2,491



Depreciation


At 1 June 2023
2,491



At 31 May 2024

2,491



Net book value



At 31 May 2024
-



At 31 May 2023
-


5.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
16,800
16,074

16,800
16,074



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,499
-

3,499
-


Page 5

 
TOURINGS BORING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
30,421
25,300

Accruals and deferred income
1,000
1,000

31,421
26,300


 
Page 6