Acorah Software Products - Accounts Production 16.5.460 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 12923448 Mr K Tully Mrs J C Tully Mrs J Thornton Tulway Engineering Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12923448 2024-06-30 12923448 2025-06-30 12923448 2024-07-01 2025-06-30 12923448 frs-core:CurrentFinancialInstruments 2025-06-30 12923448 frs-core:BetweenOneFiveYears 2025-06-30 12923448 frs-core:ComputerEquipment 2025-06-30 12923448 frs-core:ComputerEquipment 2024-07-01 2025-06-30 12923448 frs-core:ComputerEquipment 2024-06-30 12923448 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-06-30 12923448 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 12923448 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 12923448 frs-core:MoreThanFiveYears 2025-06-30 12923448 frs-core:PlantMachinery 2025-06-30 12923448 frs-core:PlantMachinery 2024-07-01 2025-06-30 12923448 frs-core:PlantMachinery 2024-06-30 12923448 frs-core:WithinOneYear 2025-06-30 12923448 frs-core:ShareCapital 2025-06-30 12923448 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 12923448 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12923448 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 12923448 frs-bus:SmallEntities 2024-07-01 2025-06-30 12923448 frs-bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12923448 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 12923448 1 2024-07-01 2025-06-30 12923448 frs-bus:Director1 2024-07-01 2025-06-30 12923448 frs-bus:Director2 2024-07-01 2025-06-30 12923448 frs-bus:Director3 2024-07-01 2025-06-30 12923448 frs-countries:EnglandWales 2024-07-01 2025-06-30 12923448 2023-06-30 12923448 2024-06-30 12923448 2023-07-01 2024-06-30 12923448 frs-core:CurrentFinancialInstruments 2024-06-30 12923448 frs-core:BetweenOneFiveYears 2024-06-30 12923448 frs-core:MoreThanFiveYears 2024-06-30 12923448 frs-core:WithinOneYear 2024-06-30 12923448 frs-core:ShareCapital 2024-06-30 12923448 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 12923448
Tulway Fabrications Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Tulway Fabrications Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Accountant's Report | 2
Balance Sheet | 3—4
Notes to the Financial Statements | 5—8

Page 1
Tulway Fabrications Limited
Company Information
For The Year Ended 30 June 2025
Company Information

Directors | Mr K Tully
| Mrs J C Tully
| Mrs J Thornton
Company Number | 12923448
Registered Office | Unit 12 Faraday Road Britonwood Trading Estate
| Knowsley Industrial Park
| Liverpool
| Merseyside
| L33 7UT
Accountants | ERC Accountants & Business Advisers Limited
| Chartered Accountants
| Hanover Buildings
| 11-13 Hanover Street
| Liverpool
| Merseyside
| L1 3DN

Page 1
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Tulway Fabrications Limited
Accountant's Report
For The Year Ended 30 June 2025
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Tulway Fabrications Limited for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Tulway Fabrications Limited for the year ended 30 June 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Tulway Fabrications Limited , as a body, in accordance with the terms of our engagement letter dated 22 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Tulway Fabrications Limited and state those matters that we have agreed to state to the directors of Tulway Fabrications Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tulway Fabrications Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Tulway Fabrications Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Tulway Fabrications Limited . You consider that Tulway Fabrications Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Tulway Fabrications Limited . 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 financial statements.

10 October 2025

ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Tulway Fabrications Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 12923448

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 305,629 |  | 13,626
|  |  | 305,629 |  | 13,626
CURRENT ASSETS
Stocks | 5 | 190,396 |  | 185,921 |
Debtors | 6 | 3,015,287 |  | 2,421,548 |
|  | 3,205,683 |  | 2,607,469 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,778,943 ) |  | (2,157,471 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 426,740 |  | 449,998
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 732,369 |  | 463,624
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (35,615 ) |  | (3,407 )
NET ASSETS |  |  | 696,754 |  | 460,217
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 696,654 |  | 460,117
SHAREHOLDERS' FUNDS |  |  | 696,754 |  | 460,217

Page 3
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Tulway Fabrications Limited
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr K Tully Director
10 October 2025

The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Tulway Fabrications Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Tulway Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12923448 . The registered office is Unit 12 Faraday Road Britonwood Trading Estate, Knowsley Industrial Park, Liverpool, Merseyside, L33 7UT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.
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'.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
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.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold property improvements | 10% Reducing balance
Plant and machinery | 20% Reducing balance
Computer equipment | 20% Reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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Tulway Fabrications Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2024: 39)
44 39
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold property improvements | Plant and machinery | Computer equipment | Total
| £ | £ | £ | £
Cost
As at 1 July 2024 | - | 9,596 | 14,016 | 23,612
Additions | 164,541 | 87,856 | 54,323 | 306,720
Disposals | - | (2,800 ) | - | (2,800 )
As at 30 June 2025 | 164,541 | 94,652 | 68,339 | 327,532
Depreciation
As at 1 July 2024 | - | 4,663 | 5,323 | 9,986
Provided during the period | 1,371 | 10,702 | 2,644 | 14,717
Disposals | - | (2,800 ) | - | (2,800 )
As at 30 June 2025 | 1,371 | 12,565 | 7,967 | 21,903
Net Book Value
As at 30 June 2025 | 163,170 | 82,087 | 60,372 | 305,629
As at 1 July 2024 | - | 4,933 | 8,693 | 13,626

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 190,396 |  | 75,921
Work in progress | - |  | 110,000
| 190,396 |  | 185,921

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Tulway Fabrications Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 629,898 |  | 319,392
Amounts recoverable on contracts | 2,277,224 |  | 2,027,433
Prepayments and accrued income | 108,065 |  | 74,623
Other debtors | 100 |  | 100
| 3,015,287 |  | 2,421,548

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 836,458 |  | 594,407
Bank loans and overdrafts | 745,765 |  | 79,810
Corporation tax | 47,812 |  | 54,960
Other taxes and social security | 110,548 |  | 78,104
VAT | 266,049 |  | 215,540
Net wages | 52,920 |  | -
Other creditors | 217,526 |  | 46,134
Accruals and deferred income | 51,985 |  | 24,436
Amounts owed to group undertakings | 449,880 |  | 1,064,080
| 2,778,943 |  | 2,157,471

The Invoice Finance creditor of £195,214 shown within other creditors is secured by fixed and floating charges over the company's assets.
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 206,172 |  | 51,000
Later than one year and not later than five years | 606,896 |  | 51,000
Later than five years | 112,500 |  | -
| 925,568 |  | 102,000

10. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
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Tulway Fabrications Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
11. Related Party Transactions
The following related party transactions were undertaken during the year:
A connected company loaned Tulway Fabrications Ltd £722,970 (2024: £549,000) and was repaid £1,287,770 (2024: £3,000). Tulway Fabrications Ltd made sales to the connected company during the year of which £nil (2024: £65,000) was owed at the year end. At the balance sheet date Tulway Fabrications Ltd owed the connected company £96,200 (2024: £661,000).
A second connected company loaned Tulway Fabrications Ltd £847,120 (2024: £372,200) and was repaid £896,520 (2024: £304,103). At the balance sheet date Tulway Fabrications Ltd owed the connected company £353,680 (2024 : £403,080).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Tulway Engneering Ltd . Tulway Engneering Ltd was incorporated in England & Wales, registered number 03590248.
The ultimate controlling party is Tulway Engineering Ltd who controls 100% of the shares of Tulway Fabrications Limited .
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