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REGISTERED NUMBER: 07333498 (England and Wales)





TOUR CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOUR CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr J Biggin
Mrs J Biggin



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 07333498 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: NatWest
5 Market Place
Chesterfield
S40 1TJ

TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 101,104 99,506

CURRENT ASSETS
Debtors 6 688,897 795,851
Cash at bank 438,570 417,440
1,127,467 1,213,291
CREDITORS
Amounts falling due within one year 7 407,018 548,944
NET CURRENT ASSETS 720,449 664,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,553

763,853

CREDITORS
Amounts falling due after more than one
year

8

(52,149

)

-

PROVISIONS FOR LIABILITIES (25,276 ) (24,876 )
NET ASSETS 744,128 738,977

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 744,028 738,877
SHAREHOLDERS' FUNDS 744,128 738,977

TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

BALANCE SHEET - continued
31 AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




Mr J Biggin - Director



Mrs J Biggin - Director


TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Tour Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The significant judgements and estimates are as follows:

Amounts recoverable on contracts are valued at cost plus profit earned on that contract to date. This value is supported by certified values on each job by the internal and external surveyors. If the two valuations differ the residual amount is held as amounts recoverable on contracts until completion on the job, where on the final account valuation this amount is then recoverable.

The depreciation policies are set in line with the estimated useful life of the assets, given the use of those assets and changes in technology or legislation. The rates are annually reviewed in line to what the directors believe the assets are worth taken into account the income streams generated by those assets.

Turnover
Turnover represents the value excluding Value Added Tax of construction services provided to customers during the year. In respect of construction services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors & creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 21,626 9,989 209,937 23,291 264,843
Additions - - 34,665 - 34,665
At 31 August 2024 21,626 9,989 244,602 23,291 299,508
DEPRECIATION
At 1 September 2023 16,528 6,181 124,319 18,309 165,337
Charge for year 765 571 30,071 1,660 33,067
At 31 August 2024 17,293 6,752 154,390 19,969 198,404
NET BOOK VALUE
At 31 August 2024 4,333 3,237 90,212 3,322 101,104
At 31 August 2023 5,098 3,808 85,618 4,982 99,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,290 51,102
Amounts owed by related parties 943 943
Amounts recoverable on contract 643,000 720,457
Prepayments and accrued income 19,664 23,349
688,897 795,851

TOUR CONSTRUCTION LIMITED (REGISTERED NUMBER: 07333498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,461 -
Trade creditors 229,243 369,346
Amounts owed to related parties 9,600 49,860
Corporation tax 42,348 21,337
Social security and other taxes 6,312 6,081
VAT 90,670 98,048
Wages control account - (94 )
Directors' current accounts 4,047 422
Accruals and deferred income 4,337 3,944
407,018 548,944

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 52,149 -

9. CALLED UP SHARE CAPITAL

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

10. CAPITAL COMMITMENTS

The company had no capital commitments, or contingent liabilities at the balance sheet date.

11. RELATED PARTY DISCLOSURES

Key management personnel remuneration in the year totalled £25,140 (2023: £25,140).

At balance sheet date £9,600 (2023: £49,860) was owed to a related party.

At balance sheet date £943 (2023: £943) was owed from a related party.