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Registered number: 03590248
Tulway Engineering Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Tulway Engineering Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Accountant's Report | 2
Balance Sheet | 3—4
Notes to the Financial Statements | 5—9

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

Directors | Mr K Tully
| Mrs J C Tully
| Mrs J Thornton
Secretary | Mrs J C Tully
Company Number | 03590248
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 Engineering 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 Engineering 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 Engineering 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 Engineering 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 Engineering Limited and state those matters that we have agreed to state to the directors of Tulway Engineering 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 Engineering Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Tulway Engineering 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 Engineering Limited . You consider that Tulway Engineering 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 Engineering 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.

ERC Accountants and Business Advisers Limited
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 Engineering Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 03590248

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,382,982 |  | 111,642
Investments | 5 |  | 104 |  | 104
|  |  | 1,383,086 |  | 111,746
CURRENT ASSETS
Stocks |  | 10,000 |  | - |
Debtors | 6 | 1,029,288 |  | 1,383,747 |
Cash at bank and in hand |  | 30,910 |  | 15,937 |
|  | 1,070,198 |  | 1,399,684 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,240,445 ) |  | (1,175,076 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (170,247 ) |  | 224,608
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,212,839 |  | 336,354
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (695,674 ) |  | (17,795 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (22,128 ) |  | (25,525 )
NET ASSETS |  |  | 495,037 |  | 293,034
CAPITAL AND RESERVES
Called up share capital | 11 |  | 4 |  | 4
Profit and Loss Account |  |  | 495,033 |  | 293,030
SHAREHOLDERS' FUNDS |  |  | 495,037 |  | 293,034

Page 3
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Tulway Engineering 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 9 form part of these financial statements.
Page 4
Page 5
Tulway Engineering Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Tulway Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03590248 . 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.
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:

Freehold | 25% Reducing balance
Plant and machinery | 15% Reducing balance
Motor vehicles | 25% Reducing balance
Fixtures and fittings | 15% Reducing balance
Computer equipment | 25% Reducing balance

2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Financial Instruments
Financial liabilities 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.
Page 5
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Tulway Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 7)
9 7
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant and machinery | Motor vehicles | Fixtures and fittings
| £ | £ | £ | £
Cost
As at 1 July 2024 | 5,500 | 226,780 | 75,154 | 18,089
Additions | 1,285,859 | 4,770 | - | -
As at 30 June 2025 | 1,291,359 | 231,550 | 75,154 | 18,089
Depreciation
As at 1 July 2024 | 4,999 | 140,519 | 59,425 | 12,780
Provided during the period | 125 | 13,476 | 3,932 | 796
As at 30 June 2025 | 5,124 | 153,995 | 63,357 | 13,576
Net Book Value
As at 30 June 2025 | 1,286,235 | 77,555 | 11,797 | 4,513
As at 1 July 2024 | 501 | 86,261 | 15,729 | 5,309

| Computer equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 July 2024 | 21,641 | 347,164
Additions | - | 1,290,629
As at 30 June 2025 | 21,641 | 1,637,793
Depreciation
As at 1 July 2024 | 17,799 | 235,522
Provided during the period | 960 | 19,289
As at 30 June 2025 | 18,759 | 254,811
Net Book Value
As at 30 June 2025 | 2,882 | 1,382,982
As at 1 July 2024 | 3,842 | 111,642

Page 6
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Tulway Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor vehicles | 6,669 |  | 8,892

5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 July 2024 | 104
As at 30 June 2025 | 104
Provision
As at 1 July 2024 | -
As at 30 June 2025 | -
Net Book Value
As at 30 June 2025 | 104
As at 1 July 2024 | 104

The company owns 100% of the ordinary share capital of Tulway Energy Limited, a company registered in England and Wales. Tulway Energy Limited registered office address is Unit 12, Faraday Road, Britonwood Trading Estate, Knowsley Industrial Park, Liverpool, L33 7UT.
Financial information for the year ended 30 June 2025:-
Capital and reserves £484,329
The company owns 100% of the ordinary share capital of Tulway Fabrications Limited, a company registered in England and Wales. Tulway Fabrications Limited registered office address is Unit 12, Faraday Road, Britonwood Trading Estate, Knowsley Industrial Park, Liverpool, L33 7UT.
Financial information for the year ended 30 June 2025:-
Capital and reserves £696,754
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 487,151 |  | 388,311
Amounts recoverable on contracts | 135,000 |  | -
Prepayments and accrued income | 53,457 |  | 41,356
Other debtors | 353,680 |  | 954,080
| 1,029,288 |  | 1,383,747

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Tulway Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,120 |  | 4,691
Trade creditors | 258,962 |  | 430,109
Bank loans and overdrafts | 202,959 |  | 129,316
Corporation tax | 122,878 |  | 97,131
Other taxes and social security | 13,577 |  | 27,141
VAT | 93,458 |  | 133,500
Net wages | 11,388 |  | 19,740
Other creditors | 529,729 |  | 330,691
Accruals and deferred income | 3,025 |  | 2,325
Directors' loan accounts | 349 |  | 432
| 1,240,445 |  | 1,175,076

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 4,120
Bank loans | 695,674 |  | 13,675
| 695,674 |  | 17,795

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 229,930 |  | -

9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured as follows;
The bank loans are secured by way of a fixed and floating charge over the assets of the company.
The invoice finance figure of £404,674 (2024: £329,253) included within other creditors is secured by fixed and floating charges over the company's assets.
The hire purchase figures included within creditors are secured against the asset in which they relate to.
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 4,120 |  | 4,691
Later than one year and not later than five years | - |  | 4,120
| 4,120 |  | 8,811
| 4,120 |  | 8,811

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Tulway Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 4 |  | 4

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 9,075 |  | 24,611
Later than one year and not later than five years | 4,416 |  | 13,492
| 13,491 |  | 38,103

13. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
14. Related Party Transactions
The following related party transactions were undertaken during the year:
During the period a director introduced capital of £nil (2024: £43), received advances of £83 (2024: £508). At the balance sheet date the director was owed by the company £349 (2024: £432).
Dividends were paid to directors and shareholders in respect of shareholders totalling £154,000 (2023: £201,000).
During the period a company under common control were provided with advances of £50,896 (2024: £107,200) made repayments of £1,829,184 (2024: £575,000), received invoices of £1,107,013 (2024: £930,000) and raised invoices totalling £Nil (2024: £nil). At the balance sheet date the amounts owed to this company totalled £120,275 (2024: Owed from the company £551,000).
During the period a company under common control were provided with advances of £521,338 (2024: £371,899) made repayments of £1,211,566 (2024: £303,803) and received invoices of £640,824 (2024: £424,389). At the balance sheet date the amounts owed from this company totalled £353,680 (2024: £403,080).
During the period remuneration was paid to key management personnel totalling £59,178 (2024: £12,097)
No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
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