Tulway Energy Limited

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

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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 Energy 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 Energy 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 Energy Limited , as a body, in accordance with the terms of our engagement letter dated 22 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Tulway Energy Limited and state those matters that we have agreed to state to the directors of Tulway Energy 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 Energy Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Tulway Energy 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 Energy Limited . You consider that Tulway Energy 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 Energy 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 Ltd

10 October 2025

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings

11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

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Tulway Energy Limited

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 12397707

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		61,834		82,445

			61,834		82,445
CURRENT ASSETS
Stocks	5	10,000		-
Debtors	6	681,823		1,158,413
Cash at bank and in hand		67,064		557

		758,887		1,158,970
Creditors: Amounts Falling Due Within One Year	7	(292,080 )		(978,270 )

NET CURRENT ASSETS (LIABILITIES)			466,807		180,700

TOTAL ASSETS LESS CURRENT LIABILITIES			528,641		263,145

Creditors: Amounts Falling Due After More Than One Year	8		(44,312 )		(51,010 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(17,176 )

NET ASSETS			484,329		194,959

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			484,325		194,955

SHAREHOLDERS' FUNDS			484,329		194,959

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Tulway Energy 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.

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Tulway Energy Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Tulway Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12397707 . 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:

Motor vehicles

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. 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 Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Motor vehicles
	£
Cost
As at 1 July 2024	89,940

As at 30 June 2025	89,940

Depreciation
As at 1 July 2024	7,495
Provided during the period	20,611

As at 30 June 2025	28,106

Net Book Value
As at 30 June 2025	61,834

As at 1 July 2024	82,445

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor vehicles	61,834	82,445

5. Stocks

	2025	2024
	£	£
Stock	10,000	-

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	177,448	433,992
Amounts recoverable on contracts	270,000	-
Prepayments and accrued income	5,626	2,318
Other debtors	216,479	661,000
Share issue	-	4
Deferred tax current asset	4,410	-
VAT	7,860	61,099

	681,823	1,158,413

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Tulway Energy 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	6,698	6,698
Trade creditors	26,093	1,056
Bank loans and overdrafts	27,277	-
Corporation tax	101,676	14,898
Other creditors	122,611	951,243
Accruals and deferred income	2,525	2,375
Directors' loan accounts	5,200	2,000

	292,080	978,270

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	44,312	51,010

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,698	6,698
Later than one year and not later than five years	44,312	51,010

	51,010	57,708

	51,010	57,708

10. Share Capital

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

11. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

12. Related Party Transactions

The following related party transactions were undertaken during the year:

The directors introduced amounts totalling £5,200 (2024 : £2,000) during the year and withdrew amounts totalling £2,000 (2024 : Nil). At the balance sheet date the amount owed to the directors from the company was £5,200 (2024: £2,000).

A company under common control received payments of £75,924 (2024: £107,200), made payments of £747,198 (2024: £575,000). At the balance sheet date the amounts owed from the connected company totalled £120,274 (2024: owed to the connected company £551,000).

A second company under common control received payments of £787,970 (2024: £54,900), repaid amounts of £1,352,770 (2024: £3,000). At the balance sheet date the amounts owed from the company totalled £96,200 (2024: £661,000).

No dividends were paid to the directors in respect of their shareholdings.

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'.

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Tulway Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Tulway Engineering Ltd . Tulway Engineering 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 Energy Limited .

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Directors	Mr K Tully
	Mrs J C Tully
	Mrs J Thornton

Company Number	12397707

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