REGISTERED NUMBER: 02102715 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

TUNNELLING ACCESSORIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Benford

REGISTERED OFFICE:

Sidney Little Road

Churchfields Industrial Estate

St. Leonards-On-Sea

TN38 9PU

REGISTERED NUMBER:

02102715 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

139,117

196,363

Investments

5

-

699,125

139,117

895,488

CURRENT ASSETS

Stocks

6

148,384

295,078

Debtors

7

1,274,271

1,177,836

Investments

8

308,103

285,565

Prepayments and accrued income

5,863

3,981

Cash at bank and in hand

1,397,998

1,494,559

3,134,619

3,257,019

CREDITORS

Amounts falling due within one year

9

332,004

473,801

NET CURRENT ASSETS

2,802,615

2,783,218

TOTAL ASSETS LESS CURRENT LIABILITIES

2,941,732

3,678,706

PROVISIONS FOR LIABILITIES

10

34,779

49,091

NET ASSETS

2,906,953

3,629,615

CAPITAL AND RESERVES

Called up share capital

11

6,400

6,400

Special reserve

-

699,125

Retained earnings

2,900,553

2,924,090

SHAREHOLDERS' FUNDS

2,906,953

3,629,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 September 2025 and were signed by:

Mr P J Benford - Director

1.	STATUTORY INFORMATION

Tunnelling Accessories 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 March 2024

306,773

138,406

445,179

Disposals

-

(34,208

)

(34,208

)

At 28 February 2025

306,773

104,198

410,971

Depreciation

At 1 March 2024

196,021

52,795

248,816

Charge for year

16,613

14,992

31,605

Eliminated on disposal

-

(8,567

)

(8,567

)

At 28 February 2025

212,634

59,220

271,854

Net book value

At 28 February 2025

94,139

44,978

139,117

At 29 February 2024

110,752

85,611

196,363

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Investment in LLP

-

699,125

6.

STOCKS

2025

2024

£

£

Finished goods

148,384

295,078

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

118,056

139,653

Amounts owed by participating interests

811,138

811,138

Other debtors

345,077

227,045

1,274,271

1,177,836

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

308,103

285,565

Market value of listed investments at 28 February 2025 - £ 319,969 (2024 - £ 307,185 ).

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

68,536

124,632

Taxation and social security

27,583

18,007

Other creditors

235,885

331,162

332,004

473,801

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

34,779

49,091

Deferred

tax

£

Balance at 1 March 2024

49,091

Provided during year

(14,312

)

Balance at 28 February 2025

34,779

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6,400

Ordinary shares

£1

6,400

6,400